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TMCNet:  Ellsworth Fund Ltd. Announces Issue Price for the 2012 Year-End Dividend Payable on November 21, 2012

[November 15, 2012]

Ellsworth Fund Ltd. Announces Issue Price for the 2012 Year-End Dividend Payable on November 21, 2012

MORRISTOWN, NJ, Nov 15, 2012 (MARKETWIRE via COMTEX) -- Ellsworth Fund Ltd. (NYSE MKT: ECF) announced today that the price at which its beneficial shares will be issued to shareholders who elected to receive additional shares in payment of the 2012 year-end dividend will be $6.91 per share. The issue price represents the closing price of the shares on the NYSE MKT Exchange on November 14, 2012, which was below the net asset value of $8.14 per share on that date. The dividend is payable on November 21, 2012.


Ellsworth Fund Ltd. operates as a closed-end, diversified management Investment Company and invests primarily in convertible securities, 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 Exchange under the ticker symbol ECF.

CUSIP# 289 074 106 For further information please contact: Gary I. Levine Chief Financial Officer Ph. (973) 631-1177 Fax (973) 631-9893 info@ellsworthfund.com www.ellsworthfund.com SOURCE: Ellsworth Fund Ltd.

mailto:info@ellsworthfund.com http://www.ellsworthfund.com/

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