Bancroft Fund Ltd.: Bancroft Fund Ltd. Announces Dividend and Tax Information for the Year Ended December 31, 2006

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MORRISTOWN, NJ (MARKET WIRE) Bancroft Fund Ltd. (AMEX: BCV) today reported dividend and tax information for the year ended December 31, 2006. Record Payment Total Ordinary Qualified Long-Term Dividend Date Date Paid Per Income Dividends Capital Reinvestment 2006 2006 Share Dividends (QDI) Gain Price ------- ------- -------- --------- --------- --------- ------------

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