Ellsworth Growth and Income Fund Ltd. Declares Year-End Distribution of Realized Capital Gains and Income
(firmenpresse) - MORRISTOWN, NJ -- (Marketwired) -- 10/19/15 -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE MKT: ECF) today declared a year-end distribution of 46.7 cents ($0.467) per share, consisting of the following:
1) a capital gain distribution of $0.459 per share, representing the undistributed net capital gain realized during fiscal year 2015, of which $0.450 was long-term capital gains and $0.009 was short-term capital gains; and
2) an ordinary income dividend of $0.008 per share, representing the undistributed net investment income for fiscal year 2015.
The distribution is payable December 11, 2015 to shareholders of record November 12, 2015.
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 distribution is taxable to all shareholders whether or not they choose to receive cash.
The expiration date of the option is December 3, 2015.
The number of shares that holders will be entitled to receive under the option will be determined on December 4, 2015, 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 Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible and common stock, 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: 19.10.2015 - 21:01 Uhr
Sprache: Deutsch
News-ID 427906
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MORRISTOWN, NJ
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Insurance
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