Ellsworth Growth and Income Fund Ltd.
ECF-PA
New York Stock Exchange American- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
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
- Thomas Hall Dinsmore
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Sep 18, 2017
- CIK
- 0000793040
- Website
- gabelli.com
- Similar Companies
- Business
- Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF; NYSE: ECF-PA) is a diversified, closed-end management investment company that seeks to provide income and the potential for capital appreciation, which the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund invests primarily in convertible securities and common stocks across various sectors including healthcare, financial services, computer software and services, energy and utilities, 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 portfolio holdings include Bloom Energy Corp., Broadcom Inc., Alibaba Group Holding Ltd., Lumentum Holdings Inc., and Parsons Corp. Launched in 1986 by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC, a subsidiary of GAMCO, the Fund is headquartered at One Corporate Center, Rye, New York, with additional administrative operations at 65 Madison Avenue, Suite 550, Morristown, New Jersey. It was formerly known as Ellsworth Fund Ltd. prior to a name change in March 2006. The Fund targets undervalued, dividend-paying stocks with superior yield and capital gains potential, benchmarks its performance against the ICE BofA U.S. Convertibles Index, Bloomberg Balanced U.S. Convertibles Index, and S&P 500 Index, and employs a team of over 30 sector-focused analysts led by Portfolio Manager James Dinsmore, CFA. With total net assets of approximately $186 million and a net expense ratio of 1.10%, the Fund trades on the NYSE American and issues preferred shares such as the 5.25% Cumulative Preferred Shares Series A (ECF-PA). In recent developments, the Fund announced a 23% increase in its quarterly cash distribution to $0.16 per share in May 2025 from $0.13, raising the annual rate to $0.64 from $0.52, driven by a strong 27% market total return in 2024; it also declared a $0.41 per share year-end distribution payable December 30, 2025, comprising approximately 19% net investment income and 81% net capital gains on a book basis. The Board of Trustees maintains a distribution policy targeting the greater of 5% of the trailing 12-month average month-end market prices or the minimum required for regulated investment companies under the Internal Revenue Code, with quarterly reviews and potential December adjustments. In Q3 2025, the Fund's NAV rose 15.4%, outperforming the ICE BofA All Convertibles Index, amid strategic portfolio rotations including new convertible issuances like Rocket Lab USA Inc. and Rivian Automotive Inc.