 Bancroft Fund Ltd. Announces Monthly Portfolio Data
Davis-Dinsmore Management Company
Morristown, NJ, October 25, 2007 -- Bancroft Fund Ltd. (BCV) today reported portfolio data for the month ended September 30, 2007. Data is based on market value. Holdings may change without notice.
Ten Largest Investment Holdings by underlying common stock
|
% of Net Assets |
| Freeport-McMoRan Copper & Gold Inc. |
2.6 |
| LSI Corp. |
2.6 |
| LSB Industries, Inc. |
2.3 |
| Prudential Financial, Inc. |
2.3 |
| Bristol-Myers Squibb Co. |
2.2 |
| New York Community Bancorp, Inc. |
2.2 |
| The Walt Disney Company |
2.2 |
| Chesapeake Energy Corp. |
2.1 |
| Nabors Industries Ltd. |
2.1 |
| Celanese Corp. |
2.0 |
Major Industry Exposure
|
% of Net Assets |
| Energy |
14.3 |
| Pharmaceuticals |
10.6 |
| Insurance |
8.9 |
| Semiconductors |
7.0 |
| Banking/Savings and Loan |
6.4 |
| Minerals and Mining |
5.4 |
| Computer Hardware |
5.0 |
| Telecommunications |
4.6 |
| Health Care |
4.3 |
| Aerospace and Defense |
3.8 |
Portfolio Composition
|
|
% of Net Assets |
|
Convertible Bonds and Notes |
58.1 |
|
Corporate Bonds and Notes |
1.1 |
|
Convertible Preferred Stocks |
9.7 |
|
Mandatory Convertible Securities |
26.9 |
|
Cash and Equivalents |
4.2 |
|
TOTAL NET ASSETS |
100.0 |
Portfolio Ratings from Moody's
From S&P when Moody's is unavailable
|
% of Net Assets |
| Aa |
10 |
| A |
19 |
| Baa |
16 |
| Ba |
7 |
| B |
19 |
| Caa |
1 |
| NR |
28 |
Data is unaudited and as of September 30, 2007. 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, 2007.
Detailed quarterly portfolio information, as of July 31, 2007 is available on their website (http://www.bancroftfund.com). Contact Bancroft Funds by email at info@bancroftfund.com or at (973) 631-1177.
Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the American Stock Exchange under the ticker symbol BCV.
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