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Bancroft Fund Ltd. Increases Annual Distribution 10% to $1.40 From $1.28

1. BCV's quarterly distribution increased to $0.35 per share, a 10% rise. 2. Annualized distribution rate now stands at $1.40, up from $1.28. 3. The Fund reports a 20% NAV total return year to date. 4. BCV focuses on convertible securities, balancing income and capital appreciation. 5. Total net assets of Bancroft Fund Ltd. are $164 million.

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FAQ

Why Bullish?

The distribution increase and strong NAV return signal positive financial health. Historical patterns show similar distribution increases often boost stock price.

How important is it?

The announcement directly affects shareholder returns and signals the Fund's operational success, influencing investor strategies.

Why Short Term?

The imminent distribution increase is likely to attract immediate investor interest and boost stock demand. Previous similar announcements have led to rapid price changes.

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GAMIBCVGABGAMCO
August 26, 2025 07:30 ET  | Source: Bancroft Fund Ltd. RYE, N.Y., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) increased the quarterly distribution to $0.35 per share. The increased quarterly distributions will commence with the distribution payable in December 2025. This is a 10% increase from $0.32 per share, bringing the annualized distribution rate to $1.40 from $1.28 per share. The increase underscores the strength of the Fund’s NAV total return of 20% year to date. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call: Laurissa Martire(914) 921-5399 About Bancroft Fund Ltd.Bancroft Fund Ltd. is a diversified, closed-end management investment company with $164 million in total net assets. BCV invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation, objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). NYSE American – BCVCUSIP – 059695106 Investor Relations Contact:Laurissa Martire(914) 921-5399lmartire@gabelli.com

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