X0201 4 2003-12-02 0 0000009521 BANCROFT CONVERTIBLE FUND INC BCV 0001041813 AHALT GORDON F C/O DAVIS DINSMORE MANAGEMENT 65 MADISON AVE MORRISTOWN NJ 07960 1 0 0 0 Common Stock 2003-12-02 4 X 0 167 18.32 A 1167 D Common Stock 2003-12-02 4 X 0 84 18.32 A 584 I Spouse Subscription Rights (Right to buy) 18.32 2003-12-02 4 X 0 1002 0 D 2003-11-18 2003-12-16 Common Stock 167 0 D Subscription Rights (Right to buy) 18.32 2003-12-02 4 X 0 504 0 D 2003-11-18 2003-12-16 Common Stock 84 0 I Spouse Based on an estimated subscription price per share of 95% of the average of the volume-weighted average sales prices of a share of the BCV's Common Stock on the American Stock Exchange ("AMEX") on November 13, 2003 and the four preceding trading days. The actual subscription price per share will be the lesser of (A) 95% of the net asset value per share of the BCV's Common Stock on the AMEX on December 17, 2003, or (B) 95% of the average of the volume-weighted average sales prices of a share of the BCV's Common Stock on the AMEX on December 17, 2003 and the four preceding trading days. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Exhibit list ------------ Exhibit 24 Power of Attorney /s/ Gary I. Levine, attorney-in-fact 2003-12-02