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Ellsworth Fund Ltd.: Ellsworth Fund Ltd. Declares First Quarter Dividend and Results of Annual Shareholders Meeting

^{Published on 2009-01-16 11:49:38, Last Modified on 2009-01-16 11:50:01 - Market Wire}
 

MORRISTOWN, NJ--(Marketwire - January 16, 2009) - The Board of Trustees of Ellsworth Fund Ltd. (AMEX: [ ECF ]) declared its ninetieth quarterly dividend today.

The $0.075 per share dividend is payable from net investment income on February 26, 2009 to shareholders of record February 12, 2009.

The following actions were taken at the Annual Shareholders meeting held on Friday, January 16th: (1) two trustees were elected and (2) the selection of Tait, Weller & Baker LLP as independent auditors for the 2009 fiscal year was ratified.

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 American Stock Exchange under the ticker symbol ECF.

Cusip 289074106