Bancroft Fund Ltd. Releases Monthly Portfolio Data

MORRISTOWN, NJ--(Marketwire - August 14, 2009) - Bancroft Fund Ltd.
(NYSE Amex: BCV) has released monthly portfolio data for July including
asset allocation, quality allocation, representative holdings and other
fund characteristics.

The portfolio data will be posted on Bancroft's website at
www.bancroftfund.com. 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 Amex Exchange under the ticker
symbol BCV.

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