Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share
The Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) has announced a significant 23% increase in its quarterly distribution, raising it to $0.16 per share from $0.13. The distribution is payable on June 23, 2025, to shareholders of record on June 13, 2025. This increase brings the annual distribution rate to $0.64 from $0.52 per share.
The boost follows the Fund's strong market total return of 27% in 2024. The Fund aims to distribute annually either 5% of its trailing 12-month average month-end market prices or meet minimum IRS requirements. The current distribution comprises approximately 19% from net investment income and 81% from net capital gains on a book basis.
Il Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) ha annunciato un significativo aumento del 23% nella sua distribuzione trimestrale, portandola a 0,16 $ per azione rispetto a 0,13 $. La distribuzione sarà pagabile il 23 giugno 2025 agli azionisti registrati al 13 giugno 2025. Questo incremento porta il tasso di distribuzione annuale a 0,64 $ rispetto a 0,52 $ per azione.
L'aumento segue il forte rendimento totale di mercato del Fondo, pari al 27% nel 2024. Il Fondo mira a distribuire annualmente il 5% del prezzo medio di mercato di fine mese degli ultimi 12 mesi oppure a rispettare i requisiti minimi dell'IRS. L'attuale distribuzione è composta da circa il 19% di reddito netto da investimenti e dall'81% di guadagni netti in conto capitale su base contabile.
Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) ha anunciado un aumento significativo del 23% en su distribución trimestral, elevándola a $0.16 por acción desde $0.13. La distribución se pagará el 23 de junio de 2025 a los accionistas registrados al 13 de junio de 2025. Este aumento eleva la tasa de distribución anual a $0.64 desde $0.52 por acción.
El incremento se produce tras el sólido rendimiento total del mercado del Fondo, que fue del 27% en 2024. El Fondo pretende distribuir anualmente el 5% del promedio de precios de cierre mensual de los últimos 12 meses o cumplir con los requisitos mínimos del IRS. La distribución actual se compone aproximadamente de un 19% de ingresos netos por inversiones y un 81% de ganancias netas de capital en base contable.
Ellsworth Growth and Income Fund Ltd. (NYSE: ECF)는 분기 배당금을 23% 크게 인상하여 주당 $0.16에서 $0.13로 상향 조정했다고 발표했습니다. 배당금은 2025년 6월 23일에 지급되며, 2025년 6월 13일 기준 주주에게 지급됩니다. 이번 인상으로 연간 배당률은 주당 $0.64에서 $0.52로 증가했습니다.
이번 증가는 2024년 펀드의 강력한 총시장수익률 27%에 따른 것입니다. 펀드는 연간으로 최근 12개월간 월말 시장 가격 평균의 5%를 배당하거나 IRS의 최소 요건을 충족하는 것을 목표로 합니다. 현재 배당금은 회계 기준으로 약 19%는 순투자수익에서, 81%는 순자본이득에서 나옵니다.
Ellsworth Growth and Income Fund Ltd. (NYSE : ECF) a annoncé une augmentation significative de 23% de sa distribution trimestrielle, la portant à 0,16 $ par action contre 0,13 $. La distribution sera payable le 23 juin 2025 aux actionnaires inscrits au 13 juin 2025. Cette hausse porte le taux de distribution annuel à 0,64 $ contre 0,52 $ par action.
Cette augmentation fait suite à la forte performance totale du Fonds de 27% en 2024. Le Fonds vise à distribuer annuellement soit 5 % de la moyenne des prix de clôture mensuels des 12 derniers mois, soit à respecter les exigences minimales de l’IRS. La distribution actuelle est composée d’environ 19 % de revenus nets d’investissement et de 81 % de gains nets en capital sur une base comptable.
Der Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) hat eine bedeutende Steigerung von 23% seiner vierteljährlichen Ausschüttung bekanntgegeben und diese von 0,13 $ auf 0,16 $ pro Aktie erhöht. Die Ausschüttung wird am 23. Juni 2025 an die zum 13. Juni 2025 eingetragenen Aktionäre ausgezahlt. Diese Erhöhung bringt die jährliche Ausschüttungsrate von 0,52 $ auf 0,64 $ pro Aktie.
Die Steigerung folgt auf die starke Gesamtrendite des Fonds von 27% im Jahr 2024. Der Fonds strebt an, jährlich entweder 5% des durchschnittlichen Monatsend-Kurswerts der letzten 12 Monate auszuschütten oder die Mindestanforderungen des IRS zu erfüllen. Die aktuelle Ausschüttung setzt sich buchhalterisch zu etwa 19% aus Nettoeinnahmen aus Investitionen und zu 81% aus Nettokapitalgewinnen zusammen.
- 23% increase in quarterly distribution from $0.13 to $0.16 per share
- Strong market total return of 27% in 2024
- Annual distribution rate increased to $0.64 from $0.52 per share
- None.
Insights
ECF increased quarterly distribution by 23% following strong 27% market return in 2024, reflecting improved fund performance and higher shareholder returns.
Ellsworth Growth and Income Fund has increased its quarterly distribution by
The distribution increase aligns with the fund's policy to pay either
This distribution structure provides tax efficiency benefits to shareholders, as long-term capital gains and qualified dividends are typically taxed at lower rates (maximum
The fund's board reviews distribution levels quarterly, considering NAV and market conditions. While the increase signals confidence in near-term performance, investors should understand the fund may issue adjusting distributions in December if necessary, and the distribution policy could change based on board decisions. The distribution increase reflects both portfolio strength and the fund's commitment to shareholder returns in the current market environment.
RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (the “Fund”) declared a
The Fund intends to pay the greater of either an annual distribution of
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately
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
NYSE American: ECF
CUSIP – 289074106
ELLSWORTH GROWTH AND INCOME FUND LTD.
Investor Relations Contact:
Bethany Uhlein
914.921.5546
buhlein@gabelli.com
FAQ
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