MORRISTOWN, NEW JERSEY, 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.
For further information please contact:
Gary I. Levine, CFO Ph. (973)
631-1177
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