SOURCE: Ellsworth Fund Ltd.
MORRISTOWN, NJ--(Marketwire - Nov 15, 2012) - Ellsworth Fund Ltd. (NYSE MKT: ECF) announced today that the price at which its beneficial shares will be issued to shareholders who elected to receive additional shares in payment of the 2012 year-end dividend will be $6.91 per share. The issue price represents the closing price of the shares on the NYSE MKT Exchange on November 14, 2012, which was below the net asset value of $8.14 per share on that date. The dividend is payable on November 21, 2012.
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 Exchange under the ticker symbol ECF.
CUSIP# 289 074 106