SOURCE: Ellsworth Fund Ltd.
MORRISTOWN, NJ--(Marketwired - Mar 10, 2014) - Ellsworth Fund Ltd. (NYSE MKT: ECF) announced today a correction to the Fund's shareholder letter that was mailed on February 27, 2014. The letter stated, in part, that the $0.06 dividend paid on February 27, 2014 to shareholders of record on February 13, 2014 was a year-end dividend. The payment was actually a quarterly dividend. Management of the Fund wishes to apologize for any inconvenience this error may have caused.
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 MKT Exchange under the ticker symbol ECF.
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