Saba Capital (ECF) trims Ellsworth Growth & Income Fund stake with share sales

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of Ellsworth Growth & Income Fund Ltd (ECF), reported two open-market sales of common stock. It sold 14,591 shares on 18 Feb 2026 at 12.16 per share and 6,072 shares on 17 Feb 2026 at 12.20 per share, all held indirectly, leaving 1,604,273 shares owned afterward.

Insider Trade Summary

Net Seller: 20,663 shares ($251,505)

Net Sell 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 20,663 shs ($252K)

Type	Security	Shares	Price	Value
Sale	Common Stock	14,591	$12.16	$177K
Sale	Common Stock	6,072	$12.20	$74K

Holdings After Transaction: Common Stock — 1,604,273 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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

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

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

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	02/17/2026		S		6,072	D	$12.2	1,618,864	I	-
Common Stock	02/18/2026		S		14,591	D	$12.16	1,604,273	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	02/19/2026
	Boaz Weinstein	02/19/2026
	** 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.

FAQ

What insider transactions did Saba Capital report for ECF on this Form 4?

Saba Capital Management, L.P. reported two open-market sales of Ellsworth Growth & Income Fund Ltd common stock, totaling 20,663 shares, executed on 17 and 18 February 2026 at prices slightly above 12 per share, with ownership remaining indirect after these trades.

How many ECF shares did Saba Capital sell and at what prices?

Saba Capital sold 14,591 ECF common shares at 12.16 per share and 6,072 shares at 12.20 per share. These open-market transactions together reduced its indirect holdings by 20,663 shares while keeping it a significant shareholder of Ellsworth Growth & Income Fund Ltd.

What is Saba Capital’s ECF share balance after these Form 4 sales?

After the reported trades, Saba Capital’s indirect ownership stands at 1,604,273 Ellsworth Growth & Income Fund Ltd common shares. This figure reflects the net effect of selling a combined 20,663 shares on 17 and 18 February 2026 in open-market transactions.

Are Saba Capital’s reported ECF transactions direct or indirect holdings?

The reported ECF common stock transactions are classified as indirect ownership. The Form 4 lists ownership type as indirect for both sales, meaning the shares are held through another entity or structure rather than directly by Saba Capital Management, L.P. itself.

What transaction code and type are used in Saba Capital’s ECF Form 4?

Both Ellsworth Growth & Income Fund Ltd trades use transaction code S, indicating open-market or private sale of non-derivative common stock. The filing describes each as an open-market sale, showing a straightforward disposition of already-owned shares rather than an option exercise or derivative conversion.