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Eagle Capital Growth Fund Declares Year-End Cash Dividend

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^{Published in Business and Finance on Monday, December 1st 2008 at 13:40 GMT by Market Wire}  

MILWAUKEE--([ BUSINESS WIRE ])--The Eagle Capital Growth Fund, Inc. ("Fund") (AMEX: GRF) today declared a year-end cash dividend of $0.3512 per share. The record date for this dividend is December 12, 2008, and the payment date is December 26, 2008.

This dividend represents the combination of long-term capital gains of $0.2579 per share, short-term capital gains of $0.0408 per share and ordinary income of $0.0525 per share. The ordinary income is derived entirely from "qualified" dividends for Federal income tax purposes.

The Fund is a closed-end investment company that invests primarily in high quality growth companies. For more information about the Fund, please go to the Fund's website: [ www.eaglecapitalgrowthfund.com ].

For additional information, please contact David C. Sims, the Fund's Chief Compliance Officer, at (414) 765-1107, or by e-mail: [ dave@simscapital.com ]