Wells Fargo & Company filed Amendment No. 7 to a Schedule 13G/A reporting beneficial ownership in Ellsworth Growth and Income. The filing reports 947,639 shares beneficially owned, representing 6.9% of the company’s common shares. The filing states Wells Fargo has sole dispositive power over those shares and discloses related broker‑dealer subsidiaries. The signature block shows the filing was signed on 05/12/2026.
Positive
None.
Negative
None.
Insights
Large passive holding disclosed by a broker/dealer network.
Wells Fargo & Company reports beneficial ownership of 947,639 shares, equal to 6.9% of Ellsworth Growth and Income, and records sole dispositive power. The filing names Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC as related broker‑dealer subsidiaries.
Ownership at this scale is a disclosure requirement under beneficial ownership rules; timing and trading intent are not described in the excerpt. Future filings or amendments would show transactional activity if any occurs.
Filing clarifies voting/dispositive authorities and parent/subsidiary roles.
The Schedule 13G/A specifies 0 shares with sole or shared voting power and 947,639 shares with sole dispositive power. It also identifies the parent and broker‑dealer subsidiaries, which is required when a parent holds securities through affiliates.
Shareholders should note this is a beneficial‑ownership disclosure; the filing does not state any proposed corporate actions or change in control.
Key Figures
Beneficially owned:947,639 sharesPercent of class:6.9%Sole voting power:0 shares+3 more
6 metrics
Beneficially owned947,639 sharesAmount beneficially owned reported on the Schedule 13G/A
Percent of class6.9%Percent of Ellsworth common shares reported in Item 4
Sole voting power0 sharesNumber with sole power to vote reported in Item 4(c)(i)
Sole dispositive power947,639 sharesNumber with sole power to dispose reported in Item 4(c)(iii)
Cover/reference date03/31/2026Date shown near the cover information of the filing
Signature date05/12/2026Date in the signature block of the Schedule 13G/A amendment
Key Terms
Schedule 13G/A, Beneficial ownership, Sole dispositive power, Broker‑dealer subsidiary
4 terms
Schedule 13G/Aregulatory
"Amendment No. 7 to a Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 947,639"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Broker‑dealer subsidiaryregulatory
"Wells Fargo Advisors Financial Network, LLC a Broker or dealer registered"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
Ellsworth Growth and Income
(Name of Issuer)
Common Shares of Beneficial Interest
(Title of Class of Securities)
289074106
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
289074106
1
Names of Reporting Persons
Wells Fargo & Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
947,639.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
947,639.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Ellsworth Growth and Income
(b)
Address of issuer's principal executive offices:
65 MADISON AVE,Suite 550,MORRISTOWN,NJ,07960
Item 2.
(a)
Name of person filing:
Wells Fargo & Company
(b)
Address or principal business office or, if none, residence:
333 Market Street, San Francisco, CA 94105
(c)
Citizenship:
DE
(d)
Title of class of securities:
Common Shares of Beneficial Interest
(e)
CUSIP No.:
289074106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
947,639
(b)
Percent of class:
6.9 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
947,639
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
This Schedule 13G is filed by Wells Fargo & Company on its own and on behalf of its subsidiary Wells Fargo Advisors Financial Network, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c); Wells Fargo Clearing Services, LLC a Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Wells Fargo reports beneficial ownership of 947,639 shares, representing 6.9% of Ellsworth Growth and Income. The filing shows sole dispositive power over those shares and discloses related broker‑dealer subsidiaries.
Does Wells Fargo have voting power over the reported ECF shares?
No. The filing states 0 shares with sole voting power and 0 with shared voting power. It records only sole dispositive power of 947,639 shares, indicating control over disposition but not voting authority.
Which Wells Fargo entities are identified in the Schedule 13G/A?
The filing is made by Wells Fargo & Company on its own and on behalf of subsidiaries, including Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC, both identified as broker‑dealers under the Act.
When was the Schedule 13G/A amendment signed?
The signature block shows the amendment was signed by the designated signer on 05/12/2026. The form lists a date reference of 03/31/2026 near the cover information.
