SOURCE: Ellsworth Convertible Growth & Income Fund, Inc.

August 11, 2005 13:41 ET

Ellsworth Convertible Growth and Income Fund Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- August 11, 2005 -- Ellsworth Convertible Growth and Income Fund, Inc. (AMEX: ECF) today reported monthly portfolio data for the month ended July 31, 2005. Data is based on market value. Holdings may change without notice.

Top Ten Holdings by underlying common stock
                                                      % of Net Assets
Chesapeake Energy Corp.                                      3.7
Nuveen Investments, Inc.                                     2.4
The Walt Disney Company                                      2.3
Weatherford International Ltd.                               2.3
The Williams Companies, Inc.                                 2.2
The St. Paul Travelers Companies, Inc.                       2.1
International Rectifier Corp.                                2.0
MetLife, Inc.                                                2.0
Oil States International, Inc.                               2.0
Schering-Plough Corp.                                        1.9

Major Industry Exposure
                                                      % of Net Assets
Energy                                                      16.9
Financial and Insurance                                     13.5
Pharmaceuticals                                             11.7
Technology                                                   9.6
Banking/Savings and Loan                                     8.0
Health Care                                                  7.5
Telecommunications                                           6.1
Chemicals                                                    3.8
Retail                                                       3.3
Entertainment                                                3.2

Portfolio Composition
                                                      % of Net Assets
Convertible Bonds and Notes                                 49.8
Convertible Preferred Stocks                                25.1
Mandatory Convertible Securities                            18.7
Common Stocks                                                4.7
Cash and Equivalents                                         1.7
      TOTAL NET ASSETS                                     100.0
Data is unaudited and as of July 31, 2005. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Stockholders for the six months ended March 31, 2005.

Detailed quarterly portfolio information, as of June 30, 2005 is available on our website (http://www.ellsworthfund.com). Visit us there or contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.

Ellsworth is a diversified closed-end management investment company. Ellsworth's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.

AMEX - ECF

Cusip 289074106

Contact Information