Ellsworth Fund Ltd. Announces Issue Price for the 2011 Year-End Dividend Payable on November 23, 2011
(firmenpresse) - MORRISTOWN, NJ -- (Marketwire) -- 11/17/11 -- Ellsworth Fund Ltd. (NYSE Amex: 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 2011 year-end dividend will be $6.56 per share. The issue price represents the closing price of the shares on the NYSE Amex Exchange on November 16, 2011, which was below the net asset value of $7.79 per share on that date. The dividend is payable on November 23, 2011.
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 Amex 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: 17.11.2011 - 19:27 Uhr
Sprache: Deutsch
News-ID 89100
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contact information:
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MORRISTOWN, NJ
Kategorie:
Commercial & Investment Banking
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