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: 811-2151
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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:
Martha J. Hays, Esq.
Ballard Spahr Andrews & Ingersoll, LLP
1735 Market Street
Philadelphia, PA 19103-7599
Registrant's telephone number, including area code: 973-631-1177
Date of fiscal year end: October 31
Date of reporting period: June 30, 2006
Item 1. Proxy Voting Record
Issuer: Valero Energy Corp.
Ticker symbol: VLO
CUSIP: 91913Y407
Meeting date: 04/27/2006
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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1-01. Election of Director: Jerry D. Choate Management YES FOR FOR
1-02. Election of Director: William R. Klesse Management YES FOR FOR
1-03. Election of Director: Doanald L. Nickles Management YES FOR FOR
1-04. Election of Director: Susan Kaufman Purcell Management YES FOR FOR
2. Ratification of the appointment of Management YES FOR FOR
independent auditors for 2006
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Issuer: Huntsman Corp.
Ticker symbol: HUN
CUSIP: 447011206
Meeting date: 05/04/2006
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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1-01. Election of Director: Peter R. Huntsman Management YES FOR FOR
1-02. Election of Director: Wayne A. Reaud Management YES FOR FOR
1-03. Election of Director: Alvin V. Shoemaker Management YES FOR FOR
2. Ratification of the appointment of Management YES FOR FOR
independent auditors for 2006
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Issuer: E*TRADE Financial Corp.
Ticker symbol: ET
CUSIP: 269246104
Meeting date: 05/25/2006
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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1-01. Election of Director: Michael K. Parks Management YES FOR FOR
1-02. Election of Director: Lewis E. Randall Management YES FOR FOR
1-03. Election of Director: Stephen H. Willard Management YES FOR FOR
2. Ratification of the appointment of Management YES FOR FOR
independent auditors for 2006
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Issuer: Ionatron, Inc.
Ticker symbol: IOTN
CUSIP: 462070103
Meeting date: 05/21/2006
For/
Proposed Voted Vote Against
Matter Voted On By (Yes or No) Cast Mgmt.
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1-01. Election of Director: Thomas C. Dearmin Management YES FOR FOR
1-02. Election of Director: George P. Farley Management YES FOR FOR
2. Amendment to the Certificate of Incorporation Management YES FOR FOR
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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 26, 2006