Ellsworth Growth & Income (NYSE: ECF) sees Saba boost its stake

Rhea-AI Filing Summary

ELLSWORTH GROWTH & INCOME FUND LTD (ECF) reported that Saba Capital Management, L.P., a ten percent owner, filed a Form 4 disclosing open-market purchases of common stock. On August 21, 2026 it purchased 5,742 shares at $12.53 per share, and on August 20, 2026 it purchased 1,547 shares at $12.52 per share, all held indirectly.

Insider Trade Summary

Net Buyer: 7,289 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 7,289 shs ($91K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,742	$12.53	$72K
Purchase	Common Stock	1,547	$12.52	$19K

Holdings After Transaction: Common Stock — 1,611,562 shares (Indirect, -)

Key Figures

Shares purchased on 2026-08-21: 5,742 shares of Common Stock Purchase price on 2026-08-21: $12.53 per share Shares purchased on 2026-08-20: 1,547 shares of Common Stock +2 more

5 metrics

Shares purchased on 2026-08-21 5,742 shares of Common Stock Open-market purchase by Saba Capital Management, L.P. at $12.53 per share

Purchase price on 2026-08-21 $12.53 per share Price for 5,742 indirectly owned ECF common shares

Shares purchased on 2026-08-20 1,547 shares of Common Stock Open-market purchase by Saba Capital Management, L.P. at $12.52 per share

Purchase price on 2026-08-20 $12.52 per share Price for 1,547 indirectly owned ECF common shares

Total net shares bought 7,289 shares of Common Stock Net buy across two transactions reported in the Form 4

Key Terms

ten percent owner, indirect ownership, Common Stock, 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 transactions are reported with indirect ownership of the shares"

Common Stock financial

"Each transaction involves purchases of Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

open market or private transaction market

"Transaction code P indicates a purchase in open market or private transaction"

FAQ

What insider activity did ECF report in this Form 4?

The filing reports that Saba Capital Management, L.P. purchased 7,289 shares of Ellsworth Growth & Income Fund Ltd common stock in open-market transactions on August 20–21, 2026, at prices of $12.52–$12.53 per share, held indirectly.

Who is the reporting person in ECF’s Form 4?

The reporting person is Saba Capital Management, L.P., identified as a ten percent owner of Ellsworth Growth & Income Fund Ltd. It reported the transactions as indirect ownership of ECF common stock.

On what dates did Saba Capital buy ECF shares?

Saba Capital Management, L.P. reported open-market purchases of ECF common stock on August 20, 2026 and August 21, 2026, according to the Form 4 filing.

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

The purchases of ECF common stock were reported at $12.52 per share for 1,547 shares on August 20, 2026 and $12.53 per share for 5,742 shares on August 21, 2026.

Are the ECF shares held directly or indirectly by Saba Capital?

The Form 4 states that the purchased ECF common shares are held with indirect ownership by Saba Capital Management, L.P., rather than as directly owned shares.

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 08/24/2026 - 09:42 AM Accepted by SEC EDGAR 08/24/2026 - 09:42 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)
08/20/2026

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	08/20/2026		P		1,547	A	$12.52	1,605,820	I	-
Common Stock	08/21/2026		P		5,742	A	$12.53	1,611,562	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	08/24/2026
	Boaz Weinstein	08/24/2026
	** 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)