<SEC-DOCUMENT>0001193125-20-074865.txt : 20200316
<SEC-HEADER>0001193125-20-074865.hdr.sgml : 20200316
<ACCEPTANCE-DATETIME>20200316160801
ACCESSION NUMBER:		0001193125-20-074865
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200316
DATE AS OF CHANGE:		20200316

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:	333-235914
		FILM NUMBER:		20717164

	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>d888703d497ad.htm
<DESCRIPTION>GABELLI BANCROFT PRESS RELEASE TERMS
<TEXT>
<HTML><HEAD>
<TITLE>Gabelli Bancroft Press Release Terms</TITLE>
</HEAD>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


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<IMG SRC="g888703g44p30.jpg" ALT="LOGO">
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">BANCROFT FUND LTD.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">One Corporate Center</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">Rye, NY 10580-1422</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">t&nbsp;&nbsp;914.921.5070</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="right">www.gabelli.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>P<SMALL>RESS</SMALL> R<SMALL>ELEASE</SMALL> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">For Immediate Release </P> <P STYLE="margin-top:28pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>BANCROFT FUND LTD. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>SUSPENDS RIGHTS OFFERING FOR COMMON SHARES </B></P>
<P STYLE="margin-top:28pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>Rye, NY </B>&#150; March&nbsp;16, 2020 &#150; The Bancroft Fund Ltd. (NYSE American: BCV) (the &#147;Fund&#148;) has suspended until further notice
the previously announced transferable rights offering that would allow the Fund&#146;s common shareholders to acquire additional common shares. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>The information herein is not complete and is subject to change. 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. This document is not an offering, which can only be made by a final prospectus. Investors should consider the Fund&#146;s investment objective, risks,
charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund and any prospectus supplement would contain this and additional information about the Offering if the Offering were to move
forward again in the future, and should be read carefully before investing. For further information regarding the Offering, or to obtain a prospectus supplement and the accompanying prospectus, when and if available, please contact the Fund at <FONT
STYLE="white-space:nowrap">800-GABELLI</FONT> or <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">914-921-5070.</FONT></FONT> There is no assurance that the Offering will move forward again in the future. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><I># # # </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>About Bancroft Fund Ltd. </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Bancroft Fund Ltd. is a diversified, <FONT STYLE="white-space:nowrap">closed-end</FONT> management investment company with $151&nbsp;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. (NYSE:GBL). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>About GAMCO Investors </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and <FONT
STYLE="white-space:nowrap">closed-end</FONT> funds (Gabelli Funds, LLC). As of December&nbsp;31, 2019, GAMCO Investors had $36.5&nbsp;billion in assets under management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>Investor Contact </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Laurissa Martire at (914) <FONT
STYLE="white-space:nowrap">921-5399</FONT> or lmartire@gabelli.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NYSE American &#150; BCV </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">CUSIP &#150; 059695106 </P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
