SOURCE: Ellsworth Fund Ltd.

July 25, 2014 12:28 ET

Ellsworth Fund Ltd. Announces Earnings and Financial Update

MORRISTOWN, NJ--(Marketwired - Jul 25, 2014) - Ellsworth Fund Ltd. (NYSE MKT: ECF) today reported earnings, financial highlights and certain portfolio information for the nine months ended June 30, 2014:

     
EARNINGS REPORT   Nine Months Ended
    June 30
           
    2014     2013
           
Net Income   $1,492,000     $1,901,000
  Per Share   $0.11     $0.14
Shares Outstanding   13,140,692     13,507,882
Total Net Assets   $138,330,000     $122,455,000
Net Asset Value Per Share   $10.53     $9.07
           
           
FUND STATISTICS          
           
Market price   $8.83      
Net asset value (NAV)   $10.53      
Premium/(Discount)   (16.14 )%    
Total Net Assets   $138,330,000      
12-Month income distribution   $0.240      
Yield on market price   2.7 %    
Ratio of expenses (annualized)   1.1 %    
Ratio of net income (annualized)   1.5 %    
Portfolio turnover   42 %    
Shares outstanding   13,140,692      
           
           
TOP TEN HOLDINGS          
  by underlying common stock          
    % of Net Assets      
Gilead Sciences, Inc.   2.4      
United Technologies Corp.   1.9      
AT&T Inc.   1.8      
Iconix Brand Group, Inc.   1.8      
ConocoPhillips   1.7      
NextEra Energy, Inc.   1.7      
Intel Corp.   1.6      
Micron Technology, Inc.   1.6      
Illumina, Inc.   1.5      
The Priceline Group Inc.   1.5      
           
           
Sector Weightings          
    % of Net Assets      
Consumer Discretionary   9.7      
Consumer Staples   4.7      
Energy   7.2      
Financials   19.4      
Health Care   16.7      
Industrials   7.7      
Information Technology   22.7      
Materials   2.0      
Telecommunication Services   6.4      
Utilities   2.8      
           
           
ASSET ALLOCATION          
    % of Net Assets      
Convertible Bonds & Notes   53.6      
Convertible Preferred Stock   10.0      
Mandatory Convertible Securities   9.5      
Common Stock   26.1      
Cash & Equivalents   0.8      
           
           

Data is unaudited and as of June 30, 2014. This selected information should be read in 
conjunction with the financial statements and notes included in the Company's 
Semi-Annual Report to Shareholders for the six months ended March 31, 2014. 

Detailed portfolio information is available on our website (www.ellsworthfund.com). 
Contact us by email at info@ellsworthfund.com or call us at (973) 631-1177. 

Ellsworth Fund Ltd. operates as a closed-end, diversified management investment company 
and 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. 
Its shares are traded on the NYSE MKT LLC under the ticker symbol ECF. 

Cusip 289074106 

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