Amendment to Schedule 13D Filing for Bancroft Fund Ltd. by Saba Capital Management, L.P.

This filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership of Bancroft Fund Ltd. common shares. Saba Capital Management, L.P., along with its general partner Saba GP and an individual, Boaz R. Weinstein, are the reporting persons. They collectively hold 287,274 shares, representing 4.93% of the outstanding shares as of March 12, 2026. The funds for these shares were derived from investor proceeds and margin account borrowings. The amendment details transactions within the past sixty days, primarily consisting of the sale of shares on the open market. Specifically, between January 30, 2026, and March 17, 2026, Saba Capital sold various amounts of shares at prices ranging from $22.26 to $24.26. The total amount paid for the shares reported in this filing is approximately $5,140,043. No reporting person has been convicted in criminal proceedings or been a party to civil proceedings that would affect their eligibility to file.