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Bancroft Fund Ltd.: Bancroft Fund Ltd. Declares Year-End Distribution of Investment Income

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^{Published in Business and Finance on Monday, November 17th 2008 at 12:20 GMT by Market Wire}  

MORRISTOWN, NJ--(Marketwire - November 17, 2008) - The Board of Trustees of Bancroft Fund Ltd. (AMEX: [ BCV ]) declared its one hundred fifty-second quarterly dividend today.

The $0.19 per share dividend is payable from net investment income on December 29, 2008 to shareholders of record November 28, 2008.

Shareholders Meeting Date: The trustees also set February 13, 2009 as the date of the annual shareholders meeting, with a record date of December 19, 2008.

Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the American Stock Exchange under the ticker symbol BCV.