Davis-Dinsmore Management Company
Morristown, NJ, September 12, 2006 -- Bancroft Fund Ltd. (BCV) today reported portfolio data for the month ended August 31, 2006. Data is based on market value. Holdings may change without notice.
Top Ten Holdings by underlying common stock
% of Net Assets
The Walt Disney Company 3.6
Nuveen Investments, Inc. 2.6
The St. Paul Travelers Companies, Inc. 2.3
Advanced Micro Devices, Inc. 2.1
Chesapeake Energy Corp. 2.1
EchoStar Communications Corp. 2.0
Genworth Financial, Inc. 2.0
U.S. Bancorp 2.0
Celanese Corp. 1.9
Schering-Plough Corp. 1.9
Major Industry Exposure
% of Net Assets
Technology 18.4
Financial and Insurance 15.9
Pharmaceuticals 10.1
Energy 8.8
Banking/Savings and Loan 7.8
Entertainment 5.6
Aerospace and Defense 4.3
Chemicals 3.2
Health Care 3.1
Multi-Industry 3.1
Portfolio Composition
% of Net Assets
Convertible Bonds and Notes 58.0
Convertible Preferred Stocks 19.4
Mandatory Convertible Securities 15.7
Cash and Equivalents 6.9
TOTAL NET ASSETS 100.0
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Data is unaudited and as of August 31, 2006. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Shareholders for the six months ended April 30, 2006.
Bancroft is a diversified closed-end management investment company. Bancroft's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.
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