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Ellsworth Fund Ltd. Declares Second Quarter Dividend


April 14, 2008 – The Board of Trustees of Ellsworth Fund Ltd. (AMEX: ECF) declared its eighty-seventh quarterly dividend today.

The nine cents ($0.09) per share dividend is payable from net investment income on May 29, 2008 to shareholders of record May 15, 2008.

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.


For further information please contact:
Gary I. Levine, Chief Financial Officer
Ph. (973) 631-1177
Fax (973) 631-9893



 

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