Saba lifts Ellsworth Growth (NYSE: ECF) stake to 1.62M shares

Rhea-AI Filing Summary

ELLSWORTH GROWTH & INCOME FUND LTD (ECF) had a Form 4 filed reporting that Saba Capital Management, L.P., a ten percent owner, purchased additional common shares. On 2026-08-27, Saba bought 3,900 shares of ECF common stock at $12.49 per share, bringing its reported indirect holdings to 1,615,462 shares after the transaction.

Insider Trade Summary

Net Buyer: 3,900 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 3,900 shs ($49K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	3,900	$12.49	$49K

Holdings After Transaction: Common Stock — 1,615,462 shares (Indirect, -)

Key Figures

Shares purchased: 3,900 shares Purchase price per share: $12.49 per share Shares owned after transaction: 1,615,462 shares +1 more

4 metrics

Shares purchased 3,900 shares Common Stock bought on 2026-08-27 by Saba Capital Management, L.P.

Purchase price per share $12.49 per share Price for the 3,900-share common stock purchase on 2026-08-27

Shares owned after transaction 1,615,462 shares Indirect common stock holdings reported for Saba Capital Management, L.P. after the purchase

Net buy shares in filing 3,900 shares Net result of reported buy and sell transactions in this Form 4

Key Terms

ten percent owner, indirect ownership, Form 4, open market or private transaction

4 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner"

indirect ownership financial

"The transaction is coded as indirect ownership with ownership code I"

Form 4 regulatory

"The insider transaction is reported on Form 4 as an ownership change"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open market or private transaction financial

"Transaction code P is described as a purchase in open market or private transaction"

FAQ

What insider transaction did ECF report in this Form 4?

The filing reports that Saba Capital Management, L.P. purchased 3,900 shares of ELLSWORTH GROWTH & INCOME FUND LTD common stock on 2026-08-27 in an open market or private transaction at $12.49 per share, held indirectly.

Who is the reporting person in ECF's Form 4 filing?

The reporting person is Saba Capital Management, L.P., identified as a ten percent owner of ELLSWORTH GROWTH & INCOME FUND LTD, reporting an indirect purchase of ECF common stock.

How many ECF shares does Saba Capital Management hold after this transaction?

After the reported purchase, Saba Capital Management, L.P. reports 1,615,462 ECF common shares held indirectly, as shown in the post-transaction holdings figure on the Form 4.

At what price were the ECF shares purchased in this Form 4?

The 3,900 ECF common shares were purchased at a price of $12.49 per share, described as a purchase in an open market or private transaction.

Does the Form 4 indicate any sales of ECF shares by Saba Capital Management?

No. The Form 4 lists only a purchase of 3,900 ECF common shares by Saba Capital Management, L.P.; the transaction summary shows no reported sales in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/28/2026 - 10:47 AM Accepted by SEC EDGAR 08/28/2026 - 10:47 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ELLSWORTH GROWTH & INCOME FUND LTD [ ECF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/27/2026		P		3,900	A	$12.49	1,615,462	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	08/28/2026
	Boaz Weinstein	08/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)