SOURCE: Ellsworth Growth and Income Fund Ltd.

October 23, 2015 17:01 ET

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

MORRISTOWN, NJ--(Marketwired - Oct 23, 2015) - Ellsworth Growth and Income Fund Ltd. (NYSE MKT: ECF) today reported unaudited earnings, financial highlights and certain portfolio information for the twelve months ended September 30, 2015:            

           
EARNINGS REPORT          
    Twelve Months Ended
    September 30
           
    2015     2014
           
Net Income   $1,921,000     $1,852,000
  Per Share   $0.15     $0.14
Shares Outstanding   12,798,717     13,140,692
Total Net Assets   $120,948,000     $135,267,000
Net Asset Value Per Share   $9.45     $10.29
           
           
FUND STATISTICS          
           
Market price   $7.82      
Net asset value (NAV)   $9.45      
Premium/(Discount)   (17.25 )%    
Total Net Assets   $120,948,000      
12-month distribution, includes capital gains and return-of-capital   $0.675      
Ratio of expenses   1.1 %    
Ratio of net income   1.4 %    
Portfolio turnover   45 %    
Shares outstanding   12,798,717      
           
           
TEN LARGEST HOLDINGS          
by underlying common stock          
    % of Net Assets      
Allergan plc   1.8      
Gilead Sciences, Inc.   1.8      
Equinix, Inc.   1.7      
The Priceline Group Inc.   1.7      
Church & Dwight Co., Inc.   1.4      
Huntington Bancshares, Inc.   1.4      
Jarden Corp.   1.4      
Molina Healthcare Inc.   1.4      
NXP Semiconductors N.V.   1.4      
Wells Fargo & Co.   1.4      
           
           
SECTOR WEIGHTINGS          
    % of Net Assets      
Consumer Discretionary   9.4      
Consumer Staples   6.6      
Energy   3.8      
Financials   17.5      
Health Care   20.9      
Industrials   6.4      
Information Technology   24.0      
Materials   0.0      
Telecommunication Services   7.2      
Utilities   2.1      
           
           
ASSET ALLOCATION          
    % of Net Assets      
Convertible Bonds & Notes   46.8      
Convertible Preferred Stock   8.7      
Mandatory Convertible Securities   12.3      
Common Stock   30.2      
Cash & Equivalents   2.0      
           
           

Data is unaudited and as of September 30, 2015. This select 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 and common stock, 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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