SOURCE: Ellsworth Fund Ltd.

October 12, 2009 12:41 ET

Ellsworth Fund Ltd. Declares Year-End Distribution of Investment Income

MORRISTOWN, NEW JERSEY--(Marketwire - October 12, 2009) - The Board of Trustees of Ellsworth Fund Ltd. (NYSE Amex: ECF) declared its ninety-third quarterly dividend today.

The $0.0985 per share dividend is payable from net investment income on November 25, 2009 to shareholders of record October 22, 2009.

SHAREHOLDERS MEETING DATE: The trustees also set January 15, 2010 as the date of the annual shareholders meeting, with a record date of November 18, 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.

CUSIP# 289 074 106

Contact Information