SOURCE: Ellsworth Fund Ltd.

January 09, 2008 12:06 ET

Ellsworth Fund Ltd. Announces Dividend and Tax Information for the Year Ended December 31, 2007

MORRISTOWN, NJ--(Marketwire - January 9, 2008) - Ellsworth Fund Ltd. (AMEX: ECF) today reported dividend and tax information for the year ended December 31, 2007.

                                              Short-  Long-
Record   Payment Total    Ordinary  Qualified Term    Term    Dividend
Date     Date    Paid Per Income    Dividends Capital Capital Reinvestment
2007     2007    Share    Dividends  (QDI)    Gains   Gains   Price
-------  ------- -------- --------- --------- ------- ------- ------------
Feb. 13  Feb. 27 $ 0.080  $ 0.080   $0.014883 $  --   $  --   $ 8.6855
May 16   May 30    0.080    0.080    0.015372    --      --     9.0400
Aug. 16  Aug. 30   0.100    0.100    0.012730    --      --     8.9338
Oct. 25  Nov. 21   0.887    0.060    0.015387  0.229   0.598    8.1400
                 -------- --------- --------- ------- -------
                   1.147    0.320    0.058372  0.229   0.598
                 -------- --------- --------- ------- -------

The portion of each ordinary income dividend qualifying for the corporate dividends-received deduction, allowable to certain corporate shareholders, was 18%.

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.

The amount of interest earned on direct obligations of the U.S. Government was negligible.

CUSIP 289074106

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