SOURCE: Ellsworth Fund Ltd.

January 11, 2010 13:02 ET

Ellsworth Fund Ltd. Announces Dividend and Tax Information For the Year Ended December 31, 2009

MORRISTOWN, NJ--(Marketwire - January 11, 2010) - Ellsworth Fund Ltd. (NYSE Amex: ECF) today reported dividend and tax information for the year ended December 31, 2009.

                                              Short-   Long-
Record  Payment Total    Ordinary  Qualified  Term     Term    Dividend
Date    Date    Paid Per Income    Dividends  Capital  Capital Reinvestment
2009    2009    Share    Dividends (QDI)      Gain     Gain    Price
------- ------- -------- --------- ---------  -------  ------- ------------
Feb. 12 Feb. 26  $0.0750   $0.0750 $0.016872       $-       $-      $4.8188
May 14  May 28    0.0750    0.0750  0.017155        -        -       5.4641
Aug. 13 Aug. 27   0.0650    0.0650  0.014785        -        -       6.0420
Oct. 22 Nov. 25   0.0985    0.0985  0.016789        -        -       6.1800
                -------- --------- ---------  -------  -------
                  0.3135    0.3135  0.065601        -        -

The portion of each ordinary income dividend qualifying for the corporate dividends-received deduction, allowable to certain corporate shareholders, was 20%.

None of the dividends paid during the year represented a return of capital.

There were no year-end reallocations or reclassifications of income or gains.

There was no interest earned on direct obligations of the U.S. Government.

Further financial details are available on the Company's website: www.ellsworthfund.com.

Cusip 289074106

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