SOURCE: Bancroft Fund Ltd.
MORRISTOWN, NJ--(Marketwire - Aug 20, 2012) - The Board of Trustees of Bancroft Fund Ltd. (NYSE MKT: BCV) today declared the Fund's one hundred sixty-seventh quarterly dividend.
The 12.75 cents ($0.1275) per share dividend is payable from net investment income on September 27, 2012 to shareholders of record September 13, 2012.
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.
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