Saba Capital buys 1,200 Ellsworth Growth shares

Rhea-AI Filing Summary

ELLSWORTH GROWTH & INCOME FUND LTD (ECF) had a Form 4 filed by major holder Saba Capital Management, L.P. reporting an open-market purchase of 1,200 shares of Common Stock on 2026-08-28 at $12.47 per share. After this transaction, Saba reports 1,616,662 shares held indirectly. The filing indicates the Rule 10b5-1 checkbox was not selected.

Insider Trade Summary

Net Buyer: 1,200 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 1,200 shs ($15K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,200	$12.47	$15K

Holdings After Transaction: Common Stock — 1,616,662 shares (Indirect, -)

Key Figures

Shares purchased: 1,200 shares of Common Stock Purchase price per share: $12.47 per share Shares held after transaction: 1,616,662 shares

3 metrics

Shares purchased 1,200 shares of Common Stock Open-market or private purchase on 2026-08-28

Purchase price per share $12.47 per share Price for 1,200 ECF Common Stock shares bought on 2026-08-28

Shares held after transaction 1,616,662 shares Indirect ownership reported by Saba Capital Management, L.P. after purchase

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1

3 terms

ten percent owner regulatory

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

indirect ownership financial

"total_shares_following_transaction listed with ownership_type "indirect""

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox (aff_10b5_one) is set to false"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did Saba Capital report for ECF?

Saba Capital Management, L.P. reported purchasing 1,200 shares of ELLSWORTH GROWTH & INCOME FUND LTD Common Stock on 2026-08-28 in an open-market or private transaction at $12.47 per share.

How many ECF shares does Saba Capital hold after this Form 4 transaction?

Following the reported purchase, Saba Capital Management, L.P. reports 1,616,662 shares of ELLSWORTH GROWTH & INCOME FUND LTD Common Stock held indirectly.

Was Saba Capital’s ECF trade under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, so the reported ECF share purchase was not affirmed as made under a Rule 10b5-1 trading plan.

What price did Saba Capital pay per ECF share in this transaction?

Saba Capital Management, L.P. reported paying $12.47 per share for the 1,200 ELLSWORTH GROWTH & INCOME FUND LTD Common Stock shares purchased on 2026-08-28.

Is Saba Capital a major holder of ECF?

Yes. On the Form 4, Saba Capital Management, L.P. is identified as a ten percent owner of ELLSWORTH GROWTH & INCOME FUND LTD, reporting 1,616,662 shares held indirectly after the transaction.

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

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Available on EDGAR 09/01/2026 - 10:53 AM Accepted by SEC EDGAR 09/01/2026 - 10:52 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)
08/28/2026

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	08/28/2026		P		1,200	A	$12.47	1,616,662	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	09/01/2026
	Boaz Weinstein	09/01/2026
	** 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)