Welcome to our dedicated page for Ellsworth Growth and Income Fund news (Ticker: ECF), a resource for investors and traders seeking the latest updates and insights on Ellsworth Growth and Income Fund stock.
Ellsworth Growth and Income Fund Ltd. reports news primarily as a diversified closed-end management investment company focused on income and long-term capital appreciation. The fund invests primarily in convertible securities and common stock and is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
Recurring updates cover cash distributions to common shareholders, changes to the fund's distribution policy, Board of Trustees review of income and realized capital gains, net asset value considerations, and capital-structure actions such as cumulative preferred shares. Company releases also reference the fund's NYSE American listing and regulated investment company distribution requirements.
Summary not available.
The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) has declared a cash distribution of $1.11 per share, payable on December 28, 2021. This brings the total distributions for 2021 to $1.50 per share, marking a 13% increase from last year's $1.33. Shareholders can choose between cash or beneficial shares, with the distribution taxable regardless of the option selected. The Fund, with $236 million in net assets, continues to monitor its distribution policy, which is subject to change.
Summary not available.
Summary not available.
Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) has declared a cash distribution of $0.13 per share, payable on March 24, 2021, to shareholders of record on March 17, 2021. This follows a total distribution of $1.33 per share in 2020, exceeding 5% of the Fund’s average market price of $0.57. The Fund aims for annual distributions of at least 5% of its trailing 12-month average price, subject to Board review and may include capital gains. Shareholders should note that portions of distributions may be treated as capital gains or return of capital.