Welcome to our dedicated page for Ellsworth Growth and Income news (Ticker: ECF), a resource for investors and traders seeking the latest updates and insights on Ellsworth Growth and Income stock.
Ellsworth Growth and Income Fund Ltd (NYSE American: ECF) is a diversified, closed-end management investment company that invests primarily in convertible securities and common stock. Its stated objectives are to provide income and the potential for capital appreciation, which it views as relatively equal over the long term. The news flow around ECF often reflects how the fund’s portfolio and distribution policy translate into outcomes for shareholders.
On this page, readers can follow distribution announcements and related updates from the fund’s Board of Trustees. Recent communications have detailed quarterly cash distributions, changes in the per‑share distribution rate, and explanations of how the fund’s policy ties distributions to a percentage of its trailing 12‑month average month‑end market price or to Internal Revenue Code requirements for regulated investment companies.
News items also describe the composition and tax treatment of distributions, including the proportions attributed to net investment income, net capital gains, and potential return of capital. These disclosures explain how distributions may be characterized as long‑term capital gain, qualified dividend income, investment company taxable income, or return of capital, and how this affects shareholder tax reporting.
Another recurring theme in ECF news is the fund’s capital structure activity, such as the issuance of Series B Cumulative Preferred Shares with a stated distribution rate and specified put and call dates. Such announcements provide insight into how the fund finances its operations and manages its balance sheet alongside common equity.
Investors and researchers can use this news feed to review the fund’s public statements about its distribution policy, sector‑diversified investment approach in convertible and equity securities, and key decisions by the Board of Trustees. Regularly reviewing these updates can help users understand how Ellsworth Growth and Income Fund applies its stated objectives in practice over time.
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GAMCO Investors reported a second quarter net income of $17.3 million for 2022, up slightly from $17.1 million in 2021. GAAP earnings increased to $0.66 per share, compared to $0.64 per share last year. However, assets under management (AUM) decreased to $28.7 billion from $34.6 billion year-over-year. Revenues fell to $65.6 million from $75.6 million, driven by lower investment advisory fees. Operating income rose to $28.3 million, aided by a $7.9 million waiver of CEO compensation. GAMCO maintained a strong balance sheet with $177.3 million in cash and investments.
The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) has announced the issuance of Series B Cumulative Preferred Shares with a total liquidation value of approximately
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The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) has declared a cash distribution of
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