ECF

Ellsworth Growth & Income Fund
ECF
Market cap $133M

9.73 USD

+0.10

1.04%

At close Dec 24, 4:00 PM EST

1 day

1.04%

5 days

-0.61%

1 month

-1.22%

3 months

9.20%

6 months

19.83%

Year to date

21.32%

1 year

17.80%

5 years

-16.34%

10 years

14.20%

About: Ellsworth Growth and Income Fund Ltd operate as a closed-end, diversified management investment company. Its investment objective is to provide 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. The company invests in convertible and equity securities. It invests in various sectors, such as healthcare, financial services, computer software and services, energy and utilities, real estate investment trusts, semiconductors, telecommunications, business services, food and beverage, consumer products, transportation, consumer services among others.

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

8% more funds holding

Funds holding: 52 [Q2] → 56 (+4) [Q3]

7% more capital invested

Capital invested by funds: $49.1M [Q2] → $52.6M (+$3.5M) [Q3]

0.83% less ownership

Funds ownership: 43.25% [Q2] → 42.42% (-0.83%) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 21

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Research analyst outlook

We haven’t received any recent analyst ratings for ECF.

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Financial journalist opinion

11 Closed-End Fund Buys In The Month Of November 2024

This month, I've added to 11 different positions, but most of these were related to repurchases after the BlackRock tender offers. While I added to 11 different positions, these were all positions I had already held previously, so there were no new positions this month. In fact, I sold out of a fund to consolidate my holdings and reduce the number of funds held, as I did last month as well.

11 Closed-End Fund Buys In The Month Of November 2024

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.14 per Share

RYE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American:ECF) (the “Fund”) declared a $0.14 per share cash distribution payable on December 30, 2024, to common shareholders of record on November 22, 2024.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.14 per Share

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.13 per share cash distribution September 23, 2024 to common shareholders of record on September 16, 2024.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

ECF: Discount Remains Appealing And Activist Pressure Growing

ECF has seen its discount narrow since our prior update, but it remains a rather attractive play in the convertible closed-end fund space. The fund has also garnered interest from Saba Capital Management, which has been seen growing its position more recently. The quarterly distribution and 5% minimum annual distribution policy are areas that could use 'some improvement' to potentially narrow the discount.

ECF: Discount Remains Appealing And Activist Pressure Growing

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.13 per share cash distribution payable on June 21, 2024 to common shareholders of record on June 13, 2024.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

ECF: Convertible Exposure At An Attractive Discount

The Ellsworth Growth and Income Fund has made a strong recovery since our prior update. At the same time, the fund remains trading at an attractive discount. ECF's portfolio provides diversified exposure to mostly convertibles but also includes some equity exposure.

ECF: Convertible Exposure At An Attractive Discount

ECF: Very Attractive Yield And Valuation, But Performance Disappoints

The Ellsworth Growth and Income Fund Ltd offers a high level of income without sacrificing potential upside from common stocks. The ECF closed-end fund's recent performance has been disappointing, with a 41.67% share price decline over the past three years. The fund has been consistently underperforming both common stocks and convertible bonds over both short-term and longer terms.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.13 per share cash distribution payable on March 21, 2024 to common shareholders of record on March 14, 2024.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.13 per share cash distribution payable on December 28, 2023 to common shareholders of record on November 22, 2023.

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

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