Saba Capital trims Ellsworth Growth (ECF) stake with share sale

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of Ellsworth Growth & Income Fund Ltd. (ECF), reported an open-market sale of common stock. On February 13, 2026, it sold 7,532 shares at $12.25 per share in a coded “S” transaction.

After this sale, Saba Capital Management, L.P. reported indirect beneficial ownership of 1,624,936 common shares. The filing shows this as an indirect position rather than shares held directly.

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

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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)
02/13/2026

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	02/13/2026		S		7,532	D	$12.25	1,624,936	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	02/17/2026
	Boaz Weinstein	02/17/2026
	** 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 transaction did Saba Capital report for ECF?

Saba Capital Management, L.P. reported selling 7,532 shares of Ellsworth Growth & Income Fund common stock. The open-market sale occurred on February 13, 2026, under transaction code “S,” at a price of $12.25 per share, according to the Form 4 filing.

At what price were the Ellsworth Growth (ECF) shares sold?

The reported Saba Capital transaction priced Ellsworth Growth & Income Fund shares at $12.25 each. This price applies to the 7,532 common shares sold in the open market on February 13, 2026, as indicated in the Form 4 details.

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

After the reported sale, Saba Capital Management, L.P. beneficially owned 1,624,936 Ellsworth Growth & Income Fund common shares. The filing classifies this position as indirect ownership, reflecting the remaining stake following the 7,532-share open-market disposition.

What does the transaction code “S” mean in this ECF Form 4?

The “S” transaction code on the Form 4 indicates a sale of securities. For Ellsworth Growth & Income Fund, Saba Capital used code “S” to report an open-market or private sale of 7,532 common shares at $12.25 per share on February 13, 2026.

Is Saba Capital a 10% owner of Ellsworth Growth & Income Fund (ECF)?

Yes, Saba Capital Management, L.P. is identified as a 10% owner of Ellsworth Growth & Income Fund. The Form 4 marks the reporting person as a ten percent owner and shows continued indirect beneficial ownership of 1,624,936 common shares after the reported sale.

Is Saba Capital’s ECF ownership direct or indirect in this filing?

The Form 4 classifies Saba Capital’s Ellsworth Growth & Income Fund holdings as indirect. The ownership code is “I” for indirect, and the filing reports 1,624,936 common shares beneficially owned indirectly following the 7,532-share open-market sale.