SOURCE: Ellsworth Fund Ltd.

January 11, 2011 14:31 ET

Ellsworth Fund Ltd. Announces Dividend and Tax Information for the Year Ended December 31, 2010

MORRISTOWN, NJ--(Marketwire - January 11, 2011) - Ellsworth Fund Ltd. (NYSE Amex: ECF) today reported dividend and tax information for the year ended December 31, 2010.


                                               Short-  Long-
Record  Payment  Total     Ordinary  Qualified Term    Term    Dividend
Date    Date     Paid Per  Income    Dividends Capital Capital Reinvestment
2010    2010     Share     Dividends (QDI)     Gain    Gain    Price
------- -------  --------- --------- --------- ------- ------- ------------

Feb. 11 Feb. 25    $0.0675   $0.0675 $0.020928     $--     $--      $6.4652
May. 13 May. 27     0.0675    0.0675  0.017149      --      --       6.6379
Aug. 12 Aug. 26     0.0675    0.0675  0.015318      --      --       6.8131
Oct. 21 Nov. 24     0.0710    0.0710  0.020783      --      --       7.0600
                 --------- --------- --------- ------- -------
                    0.2735    0.2735  0.074178      --      --

The portion of each ordinary income dividend qualifying for the corporate dividends-received deduction, allowable to certain corporate shareholders, was 27%.

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.

NYSE Amex - ECF

Cusip 289074106

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