<p>纽约，2026 年 2 月 11 日（GLOBE NEWSWIRE）——Bancroft Fund Ltd.（纽约证券交易所：BCV）（“基金”）的董事会宣布每股现金分配为 0.35 美元，将于 2026 年 3 月 24 日支付给 2026 年 3 月 17 日的普通股股东。这比每股 0.32 美元增加了 10%，使年化分配率从每股 1.28 美元提高至 1.40 美元。</p>
<p>基金计划支付的金额为基金过去 12 个月平均月末市场价格的 5% 或符合《国内税收法典》对受监管投资公司的最低分配要求的金额，以较高者为准。</p>
<p>每个季度，董事会会审查来自收入、实现的资本收益或可用资本的任何潜在分配金额。董事会将继续监控基金的分配水平，考虑基金的净资产值和当前的金融市场环境。如有必要，基金将在 12 月支付调整分配，包括超过季度分配的任何额外收入和净实现的资本收益。基金的分配政策可随时由董事会修改或终止，无法保证该政策会继续。分配率不应被视为基金投资的股息收益率或总回报。</p>
<p>分配的全部或部分可能被视为个人的长期资本收益或合格股息收入（或两者的组合），每种情况都需遵循长期资本收益的最高联邦所得税率，目前在应税账户中为 20%（或根据个人的税率可能更低）。此外，某些美国股东（个人、遗产或信托）如果收入超过某些阈值，将需要对其 “净投资收入” 支付 3.8% 的医疗保险附加税，该收入包括从基金收到的股息和出售或其他处置基金股份的资本收益。</p>
<p>如果基金未能产生足够的收益（股息和利息收入减去费用和实现的净资本收益），以达到或超过基金在特定年度支付的总分配金额，则超出基金收益的分配金额将被视为资本回报。由于这将被视为对股东原始投资的一部分的回报，因此通常不需纳税，并将被视为对股东成本基础的减少。</p>
<p>长期资本收益、合格股息收入、投资公司应税收入和资本回报（如有）将按比例分配给年度所有普通股股东。根据目前可用的基金会计记录，2026 年支付给普通股股东的当前分配与基金截至 2026 年 9 月 30 日的财年相关，预计约 9% 来自净投资收入，91% 来自净资本收益。此信息不代表税务报告目的。每次分配的估计组成部分会更新并在分配通知中提供给记录股东，并可在我们的网站（www.gabelli.com）上获取。2026 年所有分配的最终来源确定将在年末后进行，可能与季度估计有所不同。股东不应根据当前分配的金额对基金的投资表现得出任何结论。所有拥有应税账户的个人股东将在 2027 年初通过 1099-DIV 表格收到有关 2026 年所有分配的组成部分和税务处理的书面通知。</p>
<p><em>投资者在投资前应仔细考虑基金的投资目标、风险、费用和支出。有关基金分配政策和其他信息的更多信息，请致电：</em></p>
<p><em>Bethany Uhlein</em></p>
<p><em>(914) 921-5546</em></p>
<p><strong>关于 Bancroft Fund Ltd.</strong></p>
<p>Bancroft Fund Ltd.是一家多元化的封闭式管理投资公司，拥有 1.77 亿美元的总净资产。BCV 主要投资于可转换证券，目标是提供收入和资本增值的潜力，基金认为由于其投资的证券性质，这两个目标在长期内相对平衡。该基金由 Gabelli Funds, LLC 管理，后者是 GAMCO Investors, Inc.（OTCQX：GAMI）的子公司。</p>
<p>纽约证券交易所 – BCV</p>
<p>CUSIP – 059695106</p>
<p>BANCROFT FUND LTD.</p>
<p>投资者关系联系人：</p>
<p>Bethany Uhlein</p>
<p>(914) 921-5546</p>
<p>buhlein@gabelli.com</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZMU16TXpOaU0zTkRJeU16VTNJekl5TlRrd05UVT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZMU16TXpOaU0zTkRJeU16VTNJekl5TlRrd05UVT0"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/M2I3MWVjNzctZGNmMS00ZmNjLTkwOWQtNjgwM2UzNTg2ZjZmLTEyNzA2MDUtMjAyNi0wMi0xMS1lbg==/tiny/Bancroft-Fund-Ltd-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/M2I3MWVjNzctZGNmMS00ZmNjLTkwOWQtNjgwM2UzNTg2ZjZmLTEyNzA2MDUtMjAyNi0wMi0xMS1lbg==/tiny/Bancroft-Fund-Ltd-.png"/></p>

BCV-A

<p>Bancroft Fund Ltd. 宣布每股现金分配为 0.35 美元，将于 2026 年 3 月 24 日支付给 2026 年 3 月 17 日的股东。这比之前的每股 0.32 美元增加了 10%，使年化分配提高至 1.40 美元。该基金的分配政策将根据市场情况进行审查，可能会有所变化。预计约 9% 的分配将来自净投资收入，其余部分来自净资本收益。股东将在 2027 年初收到税务处理通知</p>

<p>RYE, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.35 per share cash distribution payable on March 24, 2026 to common shareholders of record on March 17, 2026. This is a 10% increase from $0.32 per share, bringing the annualized distribution rate to $1.40 from $1.28 per share.</p>
<div class="lb-trans"><p>纽约，2026 年 2 月 11 日（GLOBE NEWSWIRE）——Bancroft Fund Ltd.（纽约证券交易所：BCV）（“基金”）的董事会宣布每股现金分配为 0.35 美元，将于 2026 年 3 月 24 日支付给 2026 年 3 月 17 日的普通股股东。这比每股 0.32 美元增加了 10%，使年化分配率从每股 1.28 美元提高至 1.40 美元。</p>
</div><p>The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies.</p>
<div class="lb-trans"><p>基金计划支付的金额为基金过去 12 个月平均月末市场价格的 5% 或符合《国内税收法典》对受监管投资公司的最低分配要求的金额，以较高者为准。</p>
</div><p>Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.</p>
<div class="lb-trans"><p>每个季度，董事会会审查来自收入、实现的资本收益或可用资本的任何潜在分配金额。董事会将继续监控基金的分配水平，考虑基金的净资产值和当前的金融市场环境。如有必要，基金将在 12 月支付调整分配，包括超过季度分配的任何额外收入和净实现的资本收益。基金的分配政策可随时由董事会修改或终止，无法保证该政策会继续。分配率不应被视为基金投资的股息收益率或总回报。</p>
</div><p>All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and with income that exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their &#34;net investment income&#34;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.</p>
<div class="lb-trans"><p>分配的全部或部分可能被视为个人的长期资本收益或合格股息收入（或两者的组合），每种情况都需遵循长期资本收益的最高联邦所得税率，目前在应税账户中为 20%（或根据个人的税率可能更低）。此外，某些美国股东（个人、遗产或信托）如果收入超过某些阈值，将需要对其 “净投资收入” 支付 3.8% 的医疗保险附加税，该收入包括从基金收到的股息和出售或其他处置基金股份的资本收益。</p>
</div><p>If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.</p>
<div class="lb-trans"><p>如果基金未能产生足够的收益（股息和利息收入减去费用和实现的净资本收益），以达到或超过基金在特定年度支付的总分配金额，则超出基金收益的分配金额将被视为资本回报。由于这将被视为对股东原始投资的一部分的回报，因此通常不需纳税，并将被视为对股东成本基础的减少。</p>
</div><p>Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, the current distribution paid in 2026 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2026 would include approximately 9% from net investment income and 91% from net capital gains on a book basis. This information does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.</p>
<div class="lb-trans"><p>长期资本收益、合格股息收入、投资公司应税收入和资本回报（如有）将按比例分配给年度所有普通股股东。根据目前可用的基金会计记录，2026 年支付给普通股股东的当前分配与基金截至 2026 年 9 月 30 日的财年相关，预计约 9% 来自净投资收入，91% 来自净资本收益。此信息不代表税务报告目的。每次分配的估计组成部分会更新并在分配通知中提供给记录股东，并可在我们的网站（www.gabelli.com）上获取。2026 年所有分配的最终来源确定将在年末后进行，可能与季度估计有所不同。股东不应根据当前分配的金额对基金的投资表现得出任何结论。所有拥有应税账户的个人股东将在 2027 年初通过 1099-DIV 表格收到有关 2026 年所有分配的组成部分和税务处理的书面通知。</p>
</div><p><em>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:</em></p>
<div class="lb-trans"><p><em>投资者在投资前应仔细考虑基金的投资目标、风险、费用和支出。有关基金分配政策和其他信息的更多信息，请致电：</em></p>
</div><p><em>Bethany Uhlein</em></p>
<div class="lb-trans"><p><em>Bethany Uhlein</em></p>
</div><p><em>(914) 921-5546</em></p>
<div class="lb-trans"><p><em>(914) 921-5546</em></p>
</div><p><strong>About Bancroft Fund Ltd.</strong></p>
<div class="lb-trans"><p><strong>关于 Bancroft Fund Ltd.</strong></p>
</div><p>Bancroft Fund Ltd. is a diversified, closed-end management investment company with $177 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. (OTCQX: GAMI).</p>
<div class="lb-trans"><p>Bancroft Fund Ltd.是一家多元化的封闭式管理投资公司，拥有 1.77 亿美元的总净资产。BCV 主要投资于可转换证券，目标是提供收入和资本增值的潜力，基金认为由于其投资的证券性质，这两个目标在长期内相对平衡。该基金由 Gabelli Funds, LLC 管理，后者是 GAMCO Investors, Inc.（OTCQX：GAMI）的子公司。</p>
</div><p>NYSE American – BCV</p>
<div class="lb-trans"><p>纽约证券交易所 – BCV</p>
</div><p>CUSIP – 059695106</p>
<div class="lb-trans"><p>CUSIP – 059695106</p>
</div><p>BANCROFT FUND LTD.</p>
<div class="lb-trans"><p>BANCROFT FUND LTD.</p>
</div><p>Investor Relations Contact:</p>
<div class="lb-trans"><p>投资者关系联系人：</p>
</div><p>Bethany Uhlein</p>
<div class="lb-trans"><p>Bethany Uhlein</p>
</div><p>(914) 921-5546</p>
<div class="lb-trans"><p>(914) 921-5546</p>
</div><p>buhlein@gabelli.com</p>
<div class="lb-trans"><p>buhlein@gabelli.com</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZMU16TXpOaU0zTkRJeU16VTNJekl5TlRrd05UVT0" alt="" original-src="https://www.globenewswire.com/newsroom/ti?nf=OTY1MzMzNiM3NDIyMzU3IzIyNTkwNTU="/></p>
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Bancroft Fund Ltd. 宣布每股分配 0.35 美元，并重申每股年化分配 1.40 美元 | BCV 股票新闻