Ellsworth Growth and Income Fund

Operates as a closed-end, diversified management company and invests primarily in convertible securities. It invests in stocks of companies across market capitalizations.

GAMCO Investors Inc

RYE, N.Y., May 18, 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 June 23, 2023 to common shareholders of record on June 15, 2023.

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

Gabelli Convertible and Income Securities Fund

In 2022, we highlighted how ECF was "a clear choice" over GCV. This has been playing out, and it could have more to go.

ECF And GCV: Divergence Playing Out, Revisiting This Idea

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Gabelli Multimedia Trust

Gabelli Utility Trust

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CBRE Global Real Estate Income Fund

Virtus AllianzGI Convertible & Income Fund

Oxford Lane Capital

Pimco Municipal Income Fund

Cushing MLP & Infrastructure Total Return Fund

Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

YieldShares High Income ETF

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

ECF is a convertibles-focused CEF. It pays a 5.9% forward distribution yield that appears well covered by historical fund returns.

Ellsworth Fund: Conservatively Managed Convertibles Fund

BlackRock

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible Opportunities And Income Fund

Calamos Convertible And High Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Clough Global Opportunities Fund

Special Opportunities Fund Inc

Tekla Healthcare Opportunities

Invesco Senior Income Trust

Western Asset Diversified Income Fund

Waste Management

We have now closed on the first month of the new year, but my strategy of buying every month hasn't changed. The new year has started off with a bang, with the broader indexes jumping higher.

Kicking Off The New Year With 7 Closed-End Fund Buys In The Month Of January 2023

ECF's latest annual report shows a decline in net investment income, considering the fall in the market that doesn't help the situation. However, these declines are happening in convertibles as a whole and aren't exclusive to ECF.

ECF: Attractively Valued Convertible Exposure

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

BlackRock Enhanced Global Dividend Trust

BlackRock Science & Technology

John Hancock Financial Opportunities Fund

I have added to five positions in my portfolio, but I haven't included any new names. There was a mix of funds that were at attractive discounts, but also some that were pushing premiums.

5 Closed-End Fund Buys In The Month Of August 2022

GCV and ECF are both under the Gabelli umbrella and managed by the same people. GCV's distribution is higher, but ECF's distribution is also a fairly attractive 5% minimum managed policy.

GCV And ECF: A Clear Choice

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) is pleased to announce the issuance of Series B Cumulative Preferred Shares (“Series B Preferred”) with an aggregate liquidation value of approximately $25 million. The Series B Preferred is puttable on June 26, 2023 and June 26, 2024, and is callable after June 26, 2024. Distributions are at an annual rate of 4.40% of the $10.00 per share liquidation preference of the Se

Ellsworth Growth and Income Fund Ltd. Announces the Placement of $25 Million of Series B Cumulative Preferred Shares

BlackRock Health Sciences Trust II

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

New American High Income Fund

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

It has been a rocky start to a new year, but with ~11 months to go, just about anything could happen.

8 Closed-End Funds Bought During January's Rocky Start

With the latest market volatility, ECF has now plunged down to trade at a double-digit discount.

ECF: Deep Discount Makes This A Tempting Buy

BlackRock Innovation & Growth Trust

October saw the broader indexes return to higher levels after September's dip. I wasn't aggressively buying for the month but found a few pockets worth putting capital to work in.

3 Closed-End Funds Bought In October

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $1.11 per share cash distribution payable on December 28, 2021 to common shareholders of record on November 24, 2021. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2021 would equate to $1.50 per share, a 13% increase from $1.33 last year. The Fund's fiscal year ends September 30, 2021. Please remember that pa

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $1.11 Per Share

ECF is quite similar to BCV, which we recently covered, both being under the Gabelli banner and focused on convertibles.

ECF: A Discounted Fund With A ~5% Minimum Distribution Yield

ECF has only 612 Seeking Alpha followers, and relatively speaking, I would classify this as little known. Before my previous coverage earlier this year, the fund had gone over a year and a half without being covered.

ECF: Better Valuation Opening Up On This Little Known Fund

RYE, N.Y.--(BUSINESS WIRE)--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 24, 2021 to common shareholders of record on March 17, 2021. The distribution follows on the strength of the Fund's returns in 2020. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distr

Ellsworth Growth and Income Fund Ltd. NAV Performance up 35% and Market Return up 31% in 2020 Declares Distribution of $0.13 Per Share

ECF can provide more unique and varied exposure to convertible holdings. Convertible funds had done incredibly well throughout 2020, with continued volatility they could continue doing well through 2021 too.

ECF: A Unique Convertible Fund

Advent Convertible and Income Fund

Bancroft Fund Ltd

Calamos Dynamic Convertible & Income Fund

SPDR Bloomberg Convertible Securities ETF

iShares Convertible Bond ETF

Virtus AllianzGI Convertible & Income Fund II

Putnam High Income Securities Fund

The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

Convertibles CEF Sector Update

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.94 per share cash distribution payable on December 29, 2020 to common shareholders of record on November 25, 2020. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2020 would equate to $1.33 per share, a 70% increase from $0.78 last year. The Fund's fiscal year ends September 30, 2020. Please remember that pa

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.94 Per Share Fiscal Year 2020 NAV Performance Up 24%

Allspring Global Dividend Opportunity Fund

John Hancock Preferred Income Fund

iShares Gold Trust

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iShares 5-10 Year Investment Grade Corporate Bond ETF

iShares Global Utilities ETF

MFS Charter Income Trust

Invesco Global Water ETF

ProShares DJ Brookfield Global Infrastructure ETF

Funds are selected based on Risk, Risk Adjusted Returns, Momentum, Income, and Quality Factors.

News for Ellsworth Growth and Income Fund ETF (ECF)