Bancroft Fund Ltd. Declares $0.32 Per Share Cash Distribution

Bancroft Fund Ltd. has declared a $0.32 per share cash distribution payable on September 23, 2025, to common shareholders of record on September 16, 2025. The Fund's distribution policy is subject to modification or termination by the Board of Trustees at any time. The distribution may be treated as long-term capital gain or qualified dividend income for individuals, subject to the maximum federal income tax rate of 20% in taxable accounts. If the Fund does not generate sufficient earnings to cover the distribution, the excess may be considered a return of capital.

RYE, N.Y., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) has increased the quarterly distribution to $0.35 per share. The increased quarterly distributions will commence with the distribution payable in December 2025, representing a 10% increase from $0.32 per share. This move elevates the annualized distribution rate to $1.40 per share from $1.28, underscoring the strength of the Fund’s NAV total return of 20% year to date.

The Fund, with $164 million in total net assets, invests primarily in convertible securities with the objective of providing income and potential capital appreciation. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

Investors are advised to consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information, contact Laurissa Martire at (914) 921-5399 or lmartire@gabelli.com.

References:
[1] https://www.barchart.com/story/news/34388743/bancroft-fund-ltd-increases-annual-distribution-10-to-1-40-from-1-28
[2] https://www.globenewswire.com/news-release/2025/08/26/3139161/0/en/Bancroft-Fund-Ltd-Increases-Annual-Distribution-10-to-1-40-From-1-28.html
[3] https://www.stocktitan.net/news/BCV/bancroft-fund-ltd-declares-distribution-of-0-32-per-de9y5vkw7tcc.html