MORRISTOWN, NJ, May 11, 2010 (Marketwire) --
MORRISTOWN, NJ -- (Marketwire) -- 05/11/10 -- The Board of Trustees of Bancroft Fund Ltd. (NYSE Amex: BCV) declared its one hundred fifty-eighth quarterly dividend today.
The $0.15 per share dividend is payable from net investment income on June 24, 2010 to shareholders of record June 10, 2010.
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 NYSE Amex Exchange under the ticker symbol BCV.
CUSIP# 059 695 106
For further information please contact:
Gary I. Levine
Chief Financial Officer
Ph. (973) 631-1177
Fax (973) 631-9893
www.bancroftfund.com
