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

Core Points - Bancroft Fund Ltd. has increased its quarterly distribution to $0.35 per share, marking a 10% increase from the previous $0.32 per share [1] - The annualized distribution rate rises to $1.40 from $1.28 per share, reflecting the Fund's strong performance [1] - The Fund's net asset value (NAV) total return is reported at 20% year to date [1] Company Overview - Bancroft Fund Ltd. is a diversified, closed-end management investment company with total net assets of $164 million [2] - The Fund primarily invests in convertible securities, aiming to provide income and potential capital appreciation [2] - The management of the Fund is handled by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. [2]