Ellsworth Fund Ltd. Declares Year-End Distribution of Realized Capital Gains and Income
(firmenpresse) - MORRISTOWN, NJ -- (Marketwired) -- 10/20/14 -- The Board of Trustees of Ellsworth Fund Ltd. (NYSE MKT: ECF) today proudly declared a dividend of 35 cents ($0.35) per share, payable on November 26, 2014 to shareholders of record October 31, 2014.
The distribution consists of:
$0.038 from ordinary income
$0.312 from long-term capital gains
The capital gains distribution is the first such distribution by the Fund since 2007.
Shareholders who are not members of the Fund's Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Trust. Because of this option, the dividend is taxable to all shareholders whether or not they choose to receive cash.
The expiration date of the option is November 18, 2014.
The number of shares that holders will be entitled to receive under the option will be determined on November 19, 2014, either on the basis of the closing market price of the Fund's beneficial shares, or its net asset value, whichever is lower on that date.
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
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Datum: 20.10.2014 - 19:33 Uhr
Sprache: Deutsch
News-ID 345387
Anzahl Zeichen: 3901
contact information:
Town:
MORRISTOWN, NJ
Kategorie:
Commercial & Investment Banking
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