MORRISTOWN, NJ, Jan. 11, 2010 (Marketwire) --
MORRISTOWN, NJ -- (Marketwire) -- 01/11/10 -- Bancroft Fund Ltd. (NYSE Amex: BCV) today reported dividend and tax information for the year ended December 31, 2009.
Short- Long-
Record Payment Total Ordinary Qualified Term Term Dividend
Date Date Paid Per Income Dividends Capital Capital Reinvestment
2009 2009 Share Dividends (QDI) Gain Gain Price
------- ------- -------- --------- --------- ------- ------- ------------
Mar. 12 Mar. 26 $0.170 $0.170 $0.015638 $-- $-- $11.3298
Jun. 11 Jun. 25 0.170 0.170 0.037214 -- -- 13.0351
Sep. 10 Sep. 24 0.130 0.130 0.030438 -- -- 14.6592
Nov. 27 Dec. 28 0.256 0.256 0.048107 -- -- 14.7900
-------- --------- --------- ------- -------
0.726 0.726 0.131397 -- --
The portion of each ordinary income dividend qualifying for the corporate dividends-received deduction, allowable to certain corporate shareholders, was 18%.
None of the dividends paid during the year represented a return of capital.
There were no year-end reallocations or reclassifications of income or gains.
There was no interest earned on direct obligations of the U.S. Government.
Further financial details are available on the Company's website: www.bancroftfund.com.
NYSE Amex - BCV
Cusip 059695106
For further information please contact:
Gary I. Levine
Exec. VP & CFO
Ph. (973) 631-1177
Fax (973) 631-9893
http://www.bancroftfund.com
