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
SOURCE: Ellsworth Fund Ltd.
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