SOURCE: Ellsworth Fund Ltd.

January 14, 2011 14:22 ET

Ellsworth Fund Ltd. Declares First Quarter Dividend and Results of Annual Shareholders Meeting

MORRISTOWN, NJ--(Marketwire - January 14, 2011) - The Board of Trustees of Ellsworth Fund Ltd. (NYSE Amex: ECF) declared its ninety-eighth quarterly dividend today.

The $0.061 per share dividend is payable from net investment income on February 24, 2011 to shareholders of record February 10, 2011.

The following actions were taken at the Annual Shareholders meeting held on Friday, January 14th: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent auditors for the 2011 fiscal year was ratified.

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 Amex Exchange under the ticker symbol ECF.

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Contact Information

  • For further information please contact:

    Gary I. Levine
    Chief Financial Officer
    Ph. (973) 631-1177
    Fax (973) 631-9893