UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-02151
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BANCROFT FUND LTD.
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(Exact name of registrant as specified in charter)
65 Madison Avenue, Morristown, New Jersey 07960-7308
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(Address of principal executive offices) (Zip code)
Thomas H. Dinsmore
Bancroft Fund Ltd.
65 Madison Avenue
Morristown, New Jersey 07960-7308
(Name and address of agent for service)
Copy to:
Steven B. King, Esq.
Ballard Spahr Andrews & Ingersoll, LLP
1735 Market Street, 51st Floor
Philadelphia, PA 19103-7599
Registrant's telephone number, including area code: 973-631-1177
Date of fiscal year end: October 31, 2009
Date of reporting period: June 30, 2009
Item 1. Proxy Voting Record
Issuer: Fifth Third Bancorp
Ticker symbol: FITB
CUSIP: 316773209
Meeting date: 04/21/2009
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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2. To Amend Article Fourth, Section (A)(2)(D) Management YES FOR FOR
of The Second Amended Articles
of Incorporation, As Amended, To
Revise The Terms of the Authorized,
Unissued Shares of Preferred Stock,
Without Par Value.
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Issuer: XL Capital
Ticker symbol: XL
CUSIP: G98255105
Meeting date: 04/24/2009
(Abstained because we no longer owned the security as of the meeting date)
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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1-01. Election of Director: Dale R. Comey Management YES ABSTAIN N/A
1-02. Election of Director: Robert R. Glauber Management YES ABSTAIN N/A
1-03. Election of Director: G. Thompson Hutton Management YES ABSTAIN N/A
2 To approve the amendment and restatement of Management YES ABSTAIN N/A
the Company's 1991 Performance Incentive
Program
3 To approve the amendment and restatement of Management YES ABSTAIN N/A
the Company's Directors Stock & Option Plan
4 Ratification of the appointment of Management YES ABSTAIN N/A
independent auditors for 2009
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SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Bancroft Fund Ltd.
By /s/Thomas H. Dinsmore
Thomas H. Dinsmore
Principal Executive Officer
Date: July 15, 2009