<SEC-DOCUMENT>0000807249-23-000177.txt : 20231228
<SEC-HEADER>0000807249-23-000177.hdr.sgml : 20231228
<ACCEPTANCE-DATETIME>20231228160336
ACCESSION NUMBER:		0000807249-23-000177
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231228
DATE AS OF CHANGE:		20231228

SUBJECT COMPANY:	

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

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	811-02151
		FILM NUMBER:		231522744

	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

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI MARIO J
		CENTRAL INDEX KEY:			0001185533
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		191 MASON STREET
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001185533</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>


</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0000009521</issuerCik>
<issuerName>Bancroft Fund Ltd.</issuerName>
<secFileNumber>811-02151</secFileNumber>
<issuerAddress>
<com:street1>One Corporate Center</com:street1>
<com:city>Rye</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10580</com:zipCode>
</issuerAddress>
<issuerContactPhone>914-921-5000</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mario J. Gabelli</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Director</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Shares</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>G.research , LLC</name>
<address>
<com:street1>One Corporate Center</com:street1>
<com:city>Rye</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>10580</com:zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>1732</noOfUnitsSold>
<aggregateMarketValue>28160</aggregateMarketValue>
<noOfUnitsOutstanding>5828029</noOfUnitsOutstanding>
<approxSaleDate>12/28/2023</approxSaleDate>
<securitiesExchangeName>NASDAQ</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Shares</securitiesClassTitle>
<acquiredDate>07/28/2015</acquiredDate>
<natureOfAcquisitionTransaction>Open Market Purchase</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>1732</amountOfSecuritiesAcquired>
<paymentDate>07/28/2015</paymentDate>
<natureOfPayment>Cash</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Associated Capital Group, Inc.</name>
<address>
<com:street1>191 Mason Street</com:street1>
<com:city>Greenwich</com:city>
<com:stateOrCountry>CT</com:stateOrCountry>
<com:zipCode>06830</com:zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Common Shares</securitiesClassTitle>
<saleDate>10/26/2023</saleDate>
<amountOfSecuritiesSold>4000</amountOfSecuritiesSold>
<grossProceeds>56897</grossProceeds>
</securitiesSoldInPast3Months>
<securitiesSoldInPast3Months>
<sellerDetails>
<name>Associated Capital Group, Inc.</name>
<address>
<com:street1>191 Mason Street</com:street1>
<com:city>Greenwich</com:city>
<com:stateOrCountry>CT</com:stateOrCountry>
<com:zipCode>06830</com:zipCode>
</address>
</sellerDetails>
<securitiesClassTitle>Common Shares</securitiesClassTitle>
<saleDate>12/07/2023</saleDate>
<amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
<grossProceeds>15150</grossProceeds>
</securitiesSoldInPast3Months>
<noticeSignature>
<noticeDate>12/28/2023</noticeDate>
<signature>/s/ Douglas R. Jamieson, Attorney-In-Fact for Mario J. Gabelli</signature>
</noticeSignature>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
