Bancroft Fund Ltd. Announces Dividend and Tax Information for the Year Ended December 31, 2008

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Mon Jan 12, 2009 12:29pm EST 

  MORRISTOWN, NJ, Jan 12 (MARKET WIRE) -- 
Bancroft Fund Ltd. (AMEX: BCV) today reported dividend and tax
information for the year ended December 31, 2008.


                                              Short-  Long-
Record   Payment Total    Ordinary  Qualified Term    Term    Dividend
Date     Date    Paid Per Income    Dividends Capital Capital Reinvestment
2008     2008    Share    Dividends  (QDI)    Gains   Gains   Price
-------  ------- -------- --------- --------- ------- ------- ------------

Mar. 14  Mar. 28    $0.21     $0.21 $0.021979     $--     $--     $18.1305
Jun. 12  Jun. 26     0.21      0.21  0.041885      --      --      18.3488
Sep. 11  Sep. 25     0.21      0.21  0.042005      --      --      14.2382
Nov. 28  Dec. 29     0.19      0.19  0.087865      --      --      10.1900
                 -------- --------- --------- ------- -------
                     0.82      0.82  0.193734      --      --

    
The portion of each ordinary income dividend qualifying for the
corporate dividends-received deduction, allowable to certain corporate
shareholders, was 24%.

    None of the dividends paid during the year represented a return of
capital.

    There were no year-end reallocations or reclassifications of income or
gains.

    There was no interest earned on direct obligations of the U.S. Government.

    Further financial details are available on the Company's website:
www.bancroftfund.com.

    Cusip 059695106

    

For further information please contact:
Gary I. Levine
Exec. VP & CFO
Ph. (973) 631-1177
Fax (973) 631-9893
http://www.bancroftfund.com

Copyright 2009, Market Wire, All rights reserved.

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