MORRISTOWN, NJ--(Marketwire - Mar 23, 2012) - Ellsworth Fund Ltd. (NYSE Amex: [ ECF ]) announced today that an NAV (Net Asset Value) error occurred on March 22, 2012. The NAV as reported was $8.47. The NAV should have been $8.42.

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.

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