SOURCE: Ellsworth Fund Ltd.

April 14, 2009 14:16 ET

Ellsworth Fund Ltd. Declares Second Quarter Dividend

MORRISTOWN, NJ--(Marketwire - April 14, 2009) - The Board of Trustees of Ellsworth Fund Ltd. (NYSE Amex: ECF) (NYSE Alternext US: ECF) declared its ninety-first quarterly dividend today.

The $0.075 per share dividend is payable from net investment income on May 28, 2009 to shareholders of record May 14, 2009.

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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