SOURCE: Ellsworth Convertible Growth & Income Fund, Inc.

February 17, 2006 18:45 ET

Ellsworth Fund Announces Closing of Reorganization and Name Change

MORRISTOWN, NJ -- (MARKET WIRE) -- February 17, 2006 -- Ellsworth Fund Ltd. (AMEX: ECF) (successor to Ellsworth Convertible Growth and Income Fund, Inc.) reported that the reorganization of the Fund as a Delaware statutory trust closed today. As a result of the reorganization, the Fund's name became Ellsworth Fund Ltd. Shares of the Fund will continue to trade on the American Stock Exchange under the symbol "ECF."

Ellsworth Fund Ltd. is a closed-end management investment company with more than $110 million in net assets. The Fund invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation -- which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. The Fund's shares are listed on the American Stock Exchange under the symbol ECF.

AMEX - ECF            Cusip 289074106

Contact Information

  • For further information please contact:
    Gary I. Levine
    Ph. (973) 631-1177
    Fax (973) 631-9893