Bancroft Fund Ltd. Declares Third Quarter Dividend
MORRISTOWN, NJ, Aug 20, 2012 (Menafn - MARKETWIRE via COMTEX) --The Board of Trustees of Bancroft Fund Ltd. (nyse mkt:BCV) todaydeclared the Fund's one hundred sixty-seventh quarterly dividend.
The 12.75 cents (0.1275) per share dividend is payable from netinvestment income on September 27, 2012 to shareholders of recordSeptember 13, 2012.
Bancroft Fund Ltd. operates as a closed-end, diversified managementinvestment company and invests primarily in convertible securities,with the objectives of providing income and the potential for capitalappreciation; which objectives the Fund considers to be relativelyequal, over the long-term, due to the nature of the securities inwhich it invests. Its shares are traded on the NYSE MKT Exchangeunder 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
SOURCE: Bancroft Fund Ltd.
Copyright 2012 Marketwire, Inc., All rights reserved.