Bancroft Fund Ltd.

Bancroft Fund Ltd. is a closed-end, diversified management investment company specializing in convertible securities. Established in 1971, the fund seeks to deliver both income and potential capital appreciation, primarily investing at least 65% of its assets in convertible instruments such as convertible bonds and convertible preferred stocks under normal market conditions. By focusing on these hybrid securities, Bancroft Fund Ltd. provides exposure to both fixed income and equity characteristics, appealing to investors seeking a blend of stable income and participation in equity market upside. The fund is managed by Gabelli Funds, LLC, and it benchmarks its performance against major indices, including the S&P 500, Bank of America Merrill Lynch All U.S. Convertibles Index, and the Barclays Balanced U.S. Convertibles Index. It invests across a wide range of company sizes and sectors, reinforcing its role as a specialized vehicle for accessing the convertible securities market within the broader asset management landscape.