MORRISTOWN, NJ — (Marketwire) — 02/22/13 — The Board of Trustees of Bancroft Fund Ltd. (NYSE MKT: BCV) today declared the Fund-s one hundred sixty-ninth quarterly dividend.
The 12 cents ($0.12) per share dividend is payable from net investment income on March 27, 2013 to shareholders of record March 13, 2013.
The following actions were taken at the Annual Shareholders- meeting held on Friday, February 22nd: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent registered public accountants for the 2013 fiscal year was ratified.
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
Fax (973) 631-9893