SOURCE: Ellsworth Fund Ltd.

October 11, 2010 14:31 ET

Ellsworth Fund Ltd. Declares Year-End Distribution of Investment Income and Annual Meeting Date

MORRISTOWN, NJ--(Marketwire - October 11, 2010) -  The Board of Trustees of Ellsworth Fund Ltd. (NYSE Amex: ECF) declared its ninety-seventh quarterly dividend today.

The $0.071 per share dividend is payable from net investment income on November 24, 2010 to shareholders of record October 21, 2010.

SHAREHOLDERS MEETING DATE: The trustees also set January 14, 2011 as the date of the annual shareholders meeting, with a record date of November 17, 2010.

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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