<SEC-DOCUMENT>0001193125-16-671304.txt : 20160804
<SEC-HEADER>0001193125-16-671304.hdr.sgml : 20160804
<ACCEPTANCE-DATETIME>20160804113903
ACCESSION NUMBER:		0001193125-16-671304
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160804
DATE AS OF CHANGE:		20160804

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANCROFT FUND LTD
		CENTRAL INDEX KEY:			0000009521
		IRS NUMBER:				042476994
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-211322
		FILM NUMBER:		161806387

	BUSINESS ADDRESS:	
		STREET 1:		65 MADISON AVENUE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960
		BUSINESS PHONE:		(973) 631-1177

	MAIL ADDRESS:	
		STREET 1:		65 MADISON AVENUE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCROFT CONVERTIBLE FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d223501d497ad.htm
<DESCRIPTION>BANCROFT FUND LTD
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<TITLE>Bancroft Fund LTD</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Rule 482ad </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Bancroft Fund Ltd. </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">Issuer:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Bancroft Fund Ltd.</TD></TR>
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<TD VALIGN="top">Securities:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Perpetual</TD></TR>
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<TD VALIGN="top">Security Type:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Fixed-Rate Cumulative Preferred Shares</TD></TR>
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<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Series A Cumulative Preferred Shares</TD></TR>
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<TD VALIGN="top">Liquidation Preference:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$25.00 per share</TD></TR>
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<TD VALIGN="top">Anticipated Rating:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">A1 from Moody&#146;s Investors Service, Inc. (<I>No assurances can be given that the anticipated rating will be obtained from Moody&#146;s Investors Service, Inc.</I>)</TD></TR>
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<TD VALIGN="top">Underwriters:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated, as representative of the underwriters named in the Prospectus Supplement of Bancroft Fund Ltd.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The information herein and in the prospectus supplement is not complete and is subject to change. A registration statement
relating to these securities has been filed with the Securities and Exchange Commission and is effective. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the
offer or sale is not permitted. Investors should consider the Fund&#146;s investment objectives, risks, charges and expenses carefully before investing. The prospectus supplement and related base prospectus contain this and additional information
about </B><B>Bancroft Fund Ltd.</B><B> and the Series </B><B>A</B><B> Cumulative Preferred S</B><B>hares</B><B>, and should be read carefully before investing. A copy of the prospectus supplement and related base prospectus is available on EDGAR, or
from your financial adviser.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>An investment in the Series A Cumulative Preferred Shares involves risks. Therefore, before investing in the
Series&nbsp;A Cumulative Preferred Shares you should consider the risks associated with such an investment carefully. See &#147;Special Characteristics and Risks of the Series A Preferred Shares&#148; in the prospectus supplement and &#147;Risk
Factors and Special Considerations&#148; in the related base prospectus. </I></P>
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