Ellsworth Fund : Growth and Income Fund Ltd. Announces Earnings and Financial Update
January 22, 2015 at 05:00 pm EST
Share
MORRISTOWN, NJ--(Marketwired - Jan 22, 2015) - Ellsworth Growth and Income Fund Ltd. (NYSE MKT: ECF) today reported earnings, financial highlights and certain portfolio information for the three months ended December 31, 2014:
EARNINGS REPORT
Three Months Ended
December 31
2014
2013
Net Income
$393,000
$468,000
Per Share
$0.03
$0.03
Shares Outstanding
13,293,830
13,373,947
Total Net Assets
$135,526,000
$131,706,000
Net Asset Value Per Share
$10.19
$9.85
FUND STATISTICS
Market price
$8.71
Net asset value (NAV)
$10.19
Premium/(Discount)
(14.52
)%
Total Net Assets
$135,526,000
12-Month income
distribution
$0.218
Yield on market price
2.50
%
Ratio of expenses (annualized)
1.05
%
Ratio of net income (annualized)
1.13
%
Portfolio turnover
8.45
%
Shares outstanding
13,293,830
TOP TEN HOLDINGS
by underlying common stock
% of Net Assets
Gilead Sciences, Inc.
2.1
Hawaiian Holdings, Inc.
1.8
United Technologies Corp.
1.8
AT&T Inc.
1.7
Micron Technology, Inc.
1.7
Equinix, Inc.
1.6
Mylan Inc.
1.6
EMC Corp.
1.5
The Priceline Group Inc.
1.5
ConocoPhillips
1.4
Sector Weightings
% of Net Assets
Consumer Discretionary
8.3
Consumer Staples
5.4
Energy
5.7
Financials
19.0
Health Care
17.8
Industrials
8.1
Information Technology
23.9
Materials
1.7
Telecommunication Services
7.0
Utilities
2.4
ASSET ALLOCATION
% of Net Assets
Convertible Bonds & Notes
49.6
Common Stock
31.0
Mandatory Convertible Securities
10.4
Convertible Preferred Stock
8.3
Cash & Equivalents
0.7
Data is unaudited and as of December 31, 2014. This selected information should be read in conjunction with the financial statements and notes included in the Company's Annual Report to Shareholders for the twelve months ended September 30, 2014.
Detailed portfolio information is available on our website (www.ellsworthfund.com). Contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.
Ellsworth Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible and equity securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the NYSE MKT LLC under the ticker symbol ECF.
Ellsworth Growth and Income Fund Ltd. is a diversified closed-end, diversified management investment company. The Fundâs primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund invests primarily in convertible and equity securities. The Fund's portfolio includes sectors, such as healthcare, financial services, computer software and services, energy and utilities, real estate investment trusts, semiconductors, telecommunications, business services, diversified industrial, food and beverage, communications equipment, consumer products, transportation, consumer services, cable and satellite, computer hardware, automotive, wireless communications, agriculture and entertainment. Gabelli Funds, LLC is the investment advisor of the Fund.
ELLSWORTH GROWTH AND INCOME FUND LTD. 
