Ellsworth Growth and Income Fund Ltd.
ECF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Agnes Mullady
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Jun 23, 1986
- CIK
- 0000793040
- Website
- gabelli.com
- Similar Companies
- Business
- Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) is a diversified, closed-end management investment company that seeks to provide a high level of current income and the potential for capital appreciation, which the Fund considers to be relatively equal over the long term through investments primarily in convertible securities and common stocks. The Fund invests across a broad range of sectors including energy and utilities, computer software and services, health care, financial services, real estate investment trusts, semiconductors, telecommunications, business services, diversified industrials, food and beverage, communications equipment, consumer products, transportation, consumer services, cable and satellite, computer hardware, automotive, wireless communications, agriculture, and entertainment; notable holdings as of March 31, 2025 include T-Mobile US Inc., Northern Oil and Gas Inc. 3.625% convertible notes due April 15, 2029, HCI Group Inc. 4.75% convertible notes due June 1, 2042, Parsons Corp. 2.625% convertible notes due March 1, 2029, Progress Software Corp. 3.5% convertible notes due March 1, 2030, PPL Capital Funding Inc. 2.875% convertible notes due March 15, 2028, Alibaba Group Holding Ltd. 0.5% convertible notes due June 1, 2031, Equinix Inc., Broadcom Inc., and Sarepta Therapeutics Inc. 1.25% convertible notes due September 25, 2027. It employs leverage through the issuance of 5.25% Series A Cumulative Preferred Shares ($28 million) and 5.20% Series B Cumulative Preferred Shares ($8 million), with total net assets of approximately $178 million and a net asset value per common share of $10.38 as of March 31, 2025. Gabelli Funds, LLC serves as the investment adviser, with James Dinsmore, CFA, as portfolio manager. Founded on June 30, 1986 and formerly known as Ellsworth Fund Ltd., the Fund is headquartered at One Corporate Center, Rye, New York 10580-1422, United States, and its common shares trade on the NYSE American exchange. The Fund targets undervalued dividend-paying stocks with superior yields alongside convertible bonds offering income and equity upside potential, serving income-oriented investors seeking diversified exposure to U.S. and global equities via a closed-end structure. Geographically, its portfolio spans U.S.-listed securities with international exposure, such as Alibaba Group Holding Ltd., while primarily focusing on U.S. markets. In recent developments, the Fund declared a 2025 annual distribution totaling $0.86 per share, including a $0.41 per share payment, underscoring its commitment to shareholder income amid a net asset value total return of 13.20% for the one-year period ended March 31, 2025. Portfolio turnover stood at 70% as of September 30, 2024, reflecting active management, with gross and net expense ratios of 1.50% and 1.10% (based on common/total assets, respectively). No major acquisitions, mergers, or strategic alliances were reported in the last 1-2 years, maintaining its focus on convertible securities and equities under Gabelli Funds' oversight.