Ellsworth Growth and Income Fund Ltd. Increases Annual Distribution 20% to $0.76 From $0.64

Rhea-AI Summary

Ellsworth Growth and Income Fund (NYSE American: ECF) has announced a significant increase in its quarterly distribution. The Fund's Board of Trustees approved a 20% increase in the quarterly distribution from $0.16 to $0.19 per share, effective December 2025.

This change raises the annualized distribution rate from $0.64 to $0.76 per share. The distribution increase is supported by the Fund's strong performance, with a NAV total return of 18% year to date.

Positive

• Quarterly distribution increased by 20% to $0.19 per share
• Strong NAV total return of 18% year to date
• Annual distribution rate increasing to $0.76 from $0.64 per share

Negative

• None.

RYE, N.Y., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) increased the quarterly distribution to $0.19 per share. The increased quarterly distributions will commence with the distribution payable in December 2025. This is a 20% increase from $0.16 per share, bringing the annualized distribution rate to $0.76 from $0.64 per share. The increase reflects the strength of the Fund’s NAV total return of 18% year to date.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Bethany Uhlein
(914) 921-5546

About Ellsworth Growth and Income Fund
Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $199 million in total net assets. ECF invests primarily in convertible securities and common stock with the objectives of providing income and the potential for capital appreciation, 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 is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE American: ECF
CUSIP – 289074106

ELLSWORTH GROWTH AND INCOME FUND LTD.
Investor Relations Contact:
Bethany Uhlein
914.921.5546
buhlein@gabelli.com

FAQ

What is the new quarterly distribution for Ellsworth Growth and Income Fund (ECF)?

The new quarterly distribution is $0.19 per share, increased from $0.16 per share, representing a 20% increase.

When will ECF's increased quarterly distribution take effect?

The increased quarterly distribution of $0.19 per share will commence with the distribution payable in December 2025.

What is ECF's new annual distribution rate?

ECF's new annualized distribution rate is $0.76 per share, increased from $0.64 per share.

How has ECF's performance been year to date in 2025?

ECF has shown strong performance with a NAV total return of 18% year to date.

What is the percentage increase in ECF's distribution?

ECF announced a 20% increase in its quarterly distribution, raising it from $0.16 to $0.19 per share.