Judith M. Dougherty

Bancroft Fund Ltd. is a closed-end and diversified management investment company. It invests primarily in convertible securities with the objectives of providing income and the potential for capital appreciation. The company objective is to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Bancroft Fund was founded on October 4, 1971 and is headquartered in Rye, NY.