Bancroft Fund Ltd. Releases Monthly Portfolio Data

MORRISTOWN, NJ — (Marketwire) — 12/20/12 — Bancroft Fund Ltd. (NYSE MKT: BCV) has released unaudited monthly portfolio data for November including asset allocation, representative holdings and other fund characteristics.

The portfolio data will be posted on Bancroft-s website at . Printed copies may be obtained by calling (973) 631-1177.

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 MKT 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

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