Sec Form 4 Filing - Finnican Peter M @ BANCROFT FUND LTD - 2011-07-22

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Finnican Peter M 2. Issuer Name and Ticker or Trading Symbol BANCROFT FUND LTD [ BCV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Adviser's marketing director (Last) (First) (Middle) C/O DINSMORE CAPITAL MANAGEMENT CO., 65 MADISON AVENUE, SUITE 550 3. Date of Earliest Transaction (MM/DD/YY) 07/22/2011 (Street) MORRISTOWN, NJ07960 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Shares of Beneficial Interest 07/22/2011 S 945 D $ 17.22 2,000 ( 1 ) I By daughter's trust ( 2 ) Shares of Beneficial Interest 09/14/2011 S 500 D $ 15.6 1,500 I By daughter's trust Shares of Beneficial Interest 12/08/2011 S 1,000 D $ 15.55 516 ( 3 ) I By daughter's trust Shares of Beneficial Interest 03/30/2012 S 516 D $ 16.65 0 I ( 4 ) By daughter's trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Finnican Peter M C/O DINSMORE CAPITAL MANAGEMENT CO. 65 MADISON AVENUE, SUITE 550 MORRISTOWN, NJ07960 Adviser's marketing director Signatures /s/ Gary I. Levine, attorney-in-fact 02/27/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Includes 429 shares acquired on various dates in fiscal years 2007 through 2011 under the BCV dividend reinvestment plan. ( 2 )Connecticut Uniform Transfers to Minors Act. ( 3 )Includes 16 shares acquired on September 29, 2011 under the BCV dividend reinvestment plan. ( 4 )In addition, the reporting person is the direct beneficial owner of 4,976 shares, which include 769 shares acquired on various dates in fiscal years 2007 through 2012 under the BCV dividend reinvestment plan. He is also the indirect beneficial owner of 585 shares held by an UTMA (Connecticut Uniform Transfers to Minors Act) trust for his son's benefit, which include 88 shares acquired on various dates in fiscal years 2007 through 2012 under the BCV dividend reinvestment plan.

Remarks: Late Form 4 to report Mr. Finnican's changes in beneficial ownership of securities after he became the Marketing Director of the investment adviser of Bancroft Fund on 7/1/07.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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