SOURCE: Ellsworth Growth and Income Fund Ltd.

July 14, 2015 17:00 ET

Ellsworth Growth and Income Fund Ltd. Announces Earnings and Financial Update

MORRISTOWN, NJ--(Marketwired - Jul 14, 2015) - Ellsworth Growth and Income Fund Ltd. (NYSE MKT: ECF) today reported earnings, financial highlights and certain portfolio information for the nine months ended June 30, 2015:

           
EARNINGS REPORT   Nine Months Ended
    June 30
           
    2015     2014
           
Net Income   $1,260,000     $1,492,000
  Per Share   $0.10     $0.11
Shares Outstanding   12,819,096     13,140,692
Total Net Assets   $133,070,000     $138,330,000
Net Asset Value Per Share   $10.38     $10.53
           
           
FUND STATISTICS          
           
Market price   $8.83      
Net asset value (NAV)   $10.38      
Premium/(Discount)   (14.93 )%    
Total Net Assets   $133,070,000      
12-month income distribution,          
  includes return-of-capital   $0.314      
Yield on market price   3.56 %    
Ratio of expenses (annualized)   1.08 %    
Ratio of net income (annualized)   1.26 %    
Portfolio turnover   30.44 %    
Shares outstanding   12,819,096      
           
           
TOP TEN HOLDINGS          
  by underlying common stock          
    % of Net Assets      
Gilead Sciences, Inc.   2.7      
Mylan Inc.   1.9      
SBA Communications   1.8      
Allergan plc   1.6      
Incyte Corp.   1.6      
ConAgra Foods, Inc.   1.5      
The Priceline Group Inc.   1.5      
Equinix, Inc.   1.4      
Vodafone Group PLC   1.4      
Wells Fargo & Co.   1.4      
           
           
Sector Weightings          
    % of Net Assets      
Consumer Discretionary   9.2      
Consumer Staples   6.3      
Energy   6.1      
Financials   16.5      
Health Care   24.3      
Industrials   5.1      
Information Technology   21.7      
Materials   0.3      
Telecommunication Services   8.0      
Utilities   1.5      
           
           
ASSET ALLOCATION          
    % of Net Assets      
Convertible Bonds & Notes   47.3      
Common Stock   33.0      
Mandatory Convertible Securities   10.6      
Convertible Preferred Stock   8.0      
Cash & Equivalents   1.1      
           

Data is unaudited and as of June 30, 2015. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Shareholders for the six months ended March 31, 2015.

Detailed portfolio information is available on our website (www.ellsworthfund.com). Contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.

Ellsworth Growth and Income 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 LLC under the ticker symbol ECF.

Cusip 289074106

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