Bancroft Fund Ltd. Declares Distribution of $2.25 Per Share Fiscal Year 2020 NAV Performance Up 20%

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $2.25 per share cash distribution payable on December 29, 2020 to common shareholders of record on November 25, 2020. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2020 would equate to $3.12 per share, an 81% increase from $1.72 last year.