SOURCE: Ellsworth Fund Ltd.

March 21, 2007 13:34 ET

Ellsworth Fund Ltd. Announces Monthly Portfolio Data

MORRISTOWN, NJ -- (MARKET WIRE) -- March 21, 2007 --Ellsworth Fund Ltd. (AMEX: ECF) today reported portfolio data for the month ended February 28, 2007. Data is based on market value. Holdings may change without notice.

Top Ten Holdings by underlying common stock
                              % of Net Assets
The Walt Disney Company                   3.7
Nuveen Investments, Inc.                  2.6
Celanese Corp.                            2.5
Prudential Financial, Inc.                2.4
The St. Paul Travelers Companies, Inc.    2.4
Alleghany Corp.                           2.1
Bristol-Myers Squibb Co.                  2.1
MetLife, Inc.                             2.1
U.S. Bancorp                              2.1
Genworth Financial, Inc.                  2.0

Major Industry Exposure
                              % of Net Assets
Insurance                                13.3
Semiconductors                           12.1
Pharmaceuticals                          10.8
Energy                                    7.8
Banking/Savings and Loan                  6.2
Aerospace and Defense                     5.2
Multi-Industry                            5.1
Computer Hardware                         4.2
Chemicals                                 3.9
Telecommunications                        3.9

Portfolio Composition
                              % of Net Assets
Convertible Bonds and Notes              59.8
Convertible Preferred Stocks             14.2
Mandatory Convertible Securities         19.1
Common Stocks                             3.4
Cash and Equivalents                      3.5
      TOTAL NET ASSETS                  100.0

Data is unaudited and as of February 28, 2007. This selected information should be read in conjunction with the financial statements and notes included in the Fund's Annual Report to Shareholders for the twelve months ended September 30, 2006.

Detailed quarterly portfolio information, as of December 31, 2006 is available on our website ( 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.

AMEX - ECF          Cusip 289074106

Contact Information