Bancroft Fund Ltd. Announces Rights Offering for Common Shares

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) has approved a transferable rights offering that will allow the Fund’s common shareholders to acquire additional common shares (the “Offering”). The Offering will be made only by means of a prospectus. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.