Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.16 per Share
Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) has declared a quarterly cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record as of September 16, 2025.
The Fund maintains a policy of distributing the greater of either 5% of its trailing 12-month average month-end market price or the minimum required distribution under IRS regulations. The 2025 distributions are expected to comprise approximately 20% from net investment income and 80% from net capital gains on a book basis.
The Board of Trustees regularly reviews distribution levels, considering the Fund's NAV and market conditions. The distribution policy may be modified or terminated at any time, and distributions could be taxed as long-term capital gains or qualified dividend income.
[ "Maintains consistent quarterly distribution policy", "80% of distributions come from net capital gains", "Flexible distribution approach considering market conditions" ]Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) ha dichiarato una distribuzione in contanti trimestrale di $0,16 per azione, pagabile il 23 settembre 2025 agli azionisti registrati al 16 settembre 2025.
Il Fondo applica una politica di distribuzione che prevede il pagamento dell鈥檌mporto maggiore tra il 5% del prezzo di mercato medio di chiusura mensile degli ultimi 12 mesi o la distribuzione minima richiesta dalla normativa IRS. Le distribuzioni per il 2025 dovrebbero essere costituite approssimativamente per 20% da reddito netto da investimenti e per 80% da plusvalenze nette su base contabile.
Il Consiglio di Amministrazione riesamina periodicamente i livelli di distribuzione tenendo conto del NAV del Fondo e delle condizioni di mercato. La politica di distribuzione pu貌 essere modificata o interrotta in qualsiasi momento e le distribuzioni potrebbero essere tassate come plusvalenze a lungo termine o come redditi da dividendo qualificati.
- Mantiene una politica di distribuzione trimestrale coerente
- Il 80% delle distribuzioni deriva da plusvalenze nette
- Approccio di distribuzione flessibile in funzione delle condizioni di mercato
Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) ha declarado una distribuci贸n trimestral en efectivo de $0.16 por acci贸n, pagadera el 23 de septiembre de 2025 a los accionistas registrados al 16 de septiembre de 2025.
El Fondo mantiene una pol铆tica de distribuir lo que resulte mayor entre el 5% del precio de mercado medio de cierre mensual de los 煤ltimos 12 meses o la distribuci贸n m铆nima exigida por la normativa del IRS. Se espera que las distribuciones de 2025 est茅n compuestas aproximadamente por un 20% de ingresos netos por inversiones y un 80% de ganancias de capital netas en base contable.
La Junta de S铆ndicos revisa regularmente los niveles de distribuci贸n considerando el NAV del Fondo y las condiciones del mercado. La pol铆tica de distribuci贸n puede modificarse o terminarse en cualquier momento y las distribuciones podr铆an tributar como ganancias de capital a largo plazo o como dividendos calificados.
- Mantiene una pol铆tica de distribuci贸n trimestral constante
- El 80% de las distribuciones proviene de ganancias de capital netas
- Enfoque de distribuci贸n flexible seg煤n las condiciones del mercado
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鞚挫偓須岆姅 韼�霌滌潣 靾滌瀽靷瓣皜旃�(NAV)鞕� 鞁滌灔 靸來櫓鞚� 瓿犽牑頃橃棳 氚半嫻 靾橃鞚� 鞝曣赴鞝侅溂搿� 瓴�韱犿暕雼堧嫟. 氚半嫻 鞝曥眳鞚� 鞏胳牅霌犾 氤�瓴诫悩瓯半倶 欷戨嫧霅� 靾� 鞛堨溂氅�, 氚半嫻鞚� 鞛リ赴 鞛愲掣鞚措摑 霕愲姅 鞝侁博 氚半嫻靻岆摑鞙茧 瓿检劯霅� 靾� 鞛堨姷雼堧嫟.
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Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) a d茅clar茅 une distribution trimestrielle en esp猫ces de 0,16 $ par action, payable le 23 septembre 2025 aux actionnaires inscrits au registre au 16 septembre 2025.
Le Fonds applique une politique consistant 脿 distribuer le montant le plus 茅lev茅 entre 5 % du prix moyen de cl么ture mensuel sur 12 mois ou la distribution minimale requise par les r猫gles de l'IRS. Les distributions pour 2025 devraient 锚tre compos茅es, sur une base comptable, d'environ 20 % de revenus nets d'investissement et de 80 % de gains nets en capital.
Le conseil d'administration r茅examine r茅guli猫rement le niveau des distributions en tenant compte de la VAN du Fonds et des conditions de march茅. La politique de distribution peut 锚tre modifi茅e ou interrompue 脿 tout moment, et les distributions pourraient 锚tre impos茅es comme des gains en capital 脿 long terme ou comme des revenus de dividendes qualifi茅s.
- Maintien d'une politique de distribution trimestrielle coh茅rente
- 80 % des distributions proviennent de gains en capital nets
- Approche de distribution flexible tenant compte des conditions de march茅
Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) hat eine viertelj盲hrliche Baraussch眉ttung von $0,16 je Aktie beschlossen, zahlbar am 23. September 2025 an Aktion盲re, die am 16. September 2025 im Register stehen.
Der Fonds verfolgt die Politik, den h枚heren Betrag aus entweder 5% des durchschnittlichen Monatsend-Kurses der letzten 12 Monate oder der vom IRS geforderten Mindestaussch眉ttung auszusch眉tten. Die Aussch眉ttungen f眉r 2025 werden voraussichtlich auf Rechnungsbasis etwa zu 20% aus Nettoanlageertr盲gen und zu 80% aus Netto-Kapitalgewinnen bestehen.
Der Verwaltungsrat 眉berpr眉ft regelm盲脽ig das Aussch眉ttungsniveau unter Ber眉cksichtigung des NAV des Fonds und der Marktbedingungen. Die Aussch眉ttungspolitik kann jederzeit ge盲ndert oder eingestellt werden, und Aussch眉ttungen k枚nnen als langfristige Kapitalgewinne oder als qualifizierte Dividendeneink眉nfte besteuert werden.
- Beibehaltung einer konsistenten viertelj盲hrlichen Aussch眉ttungspolitik
- 80% der Aussch眉ttungen stammen aus Netto-Kapitalgewinnen
- Flexible Aussch眉ttungsstrategie unter Ber眉cksichtigung der Marktbedingungen
- None.
- Distribution policy subject to modification or termination
- 3.8% Medicare surcharge applies to certain shareholders
- Potential return of capital if earnings don't cover distributions
Insights
Ellsworth Growth and Income Fund announced its regular quarterly distribution of $0.16 per share, maintaining its 5% distribution policy based on trailing market price.
The $0.16 per share distribution announced by Ellsworth Growth and Income Fund (ECF) represents the Fund's commitment to its established distribution policy. The Fund targets the greater of either a 5% annual distribution based on trailing 12-month average market prices or the minimum required for regulated investment companies under tax code.
The composition of this distribution is particularly notable - approximately 20% comes from net investment income while 80% derives from net capital gains. This breakdown indicates the Fund has realized significant capital appreciation in its portfolio during the period, which is generally positive for closed-end funds.
ECF's distribution policy includes a mechanism for year-end adjustments through a potential December distribution if necessary, ensuring shareholders receive any additional income or capital gains beyond the regular quarterly payments. This structure provides predictable income while allowing flexibility to distribute actual earnings.
It's worth noting that the distribution contains a high proportion of capital gains, which receive favorable tax treatment for most investors (maximum 20% federal rate for long-term gains versus ordinary income rates). However, investors should understand this distribution structure doesn't necessarily reflect current yield or fund performance, as distributions can include return of capital if earnings don't meet distribution amounts.
The Fund's board reviews the distribution amount quarterly in context of NAV and market conditions, providing governance oversight to balance income needs with preserving fund assets.
RYE, N.Y., Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the 鈥淔und鈥�) declared a
The Fund intends to pay the greater of either an annual distribution of
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund鈥檚 distribution level, taking into consideration the Fund鈥檚 net asset value and the current financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund鈥檚 distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund鈥檚 earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder鈥檚 original investment, it is generally not taxable and would be treated as a reduction in the shareholder鈥檚 cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid in 2025 to common shareholders with respect to the Fund鈥檚 fiscal year ending September 30, 2025 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund鈥檚 distribution policy and other information about the Fund, call:
Bethany Uhlein
(914) 921-5546
About Ellsworth Growth and Income Fund
Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with
NYSE American: ECF
CUSIP 鈥� 289074106
Investor Relations Contact:
Bethany Uhlein
914.921.5546
[email protected]
FAQ
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