SOURCE: Ellsworth Convertible Growth & Income Fund, Inc.

September 16, 2005 13:35 ET

Ellsworth Convertible Growth and Income Fund Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- September 16, 2005 -- Ellsworth Convertible Growth and Income Fund, Inc. (AMEX: ECF) today reported monthly portfolio data for the month ended August 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.                           3.8
Nuveen Investments, Inc.                          2.4
The Walt Disney Company                           2.3
The St. Paul Travelers Companies, Inc.            2.2
International Rectifier Corp.                     2.0
MetLife, Inc.                                     2.0
Amerada Hess Corp.                                1.9
Schering-Plough Corp.                             1.9
Semco Energy, Inc.                                1.9
Valero Energy Corp.                               1.9

Major Industry Exposure
                                             % of Net Assets
Energy                                           13.7
Financial and Insurance                          13.5
Pharmaceuticals                                  11.6
Technology                                        9.6
Banking/Savings and Loan                          9.3
Health Care                                       6.9
Telecommunications                                6.2
Chemicals                                         3.5
Retail                                            3.3
Consumer Goods                                    2.8

Portfolio Composition
                                             % of Net Assets
Convertible Bonds and Notes                      47.8
Convertible Preferred Stocks                     24.2
Mandatory Convertible Securities                 17.9
Common Stocks                                     4.4
Cash and Equivalents                              5.7
      TOTAL NET ASSETS                          100.0
Data is unaudited and as of August 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 ( Visit us there or contact us by email at 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.


Cusip 289074106

Contact Information