Ellsworth Fund Ltd. Declares Quarterly Dividend, Payable on February 26, 2015; Provides Dividend Guidance for the Year 2014
January 20, 2015 at 04:30 pm EST
Share
The Board of Trustees of Ellsworth Fund Ltd. announced that it had declared a dividend of 10.75 cents ($0.1075) per share. The dividend is payable on February 26, 2015 to shareholders of record on February 12, 2015.
Based on company current estimates, the Fund anticipates that approximately $0.0962 per share of the dividend will be paid from accumulated net investment income, and approximately $0.0113 per share will represent a return of capital.
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.