February 17, 2006 – Ellsworth Fund Ltd. (AMEX: ECF) (successor to Ellsworth
Convertible Growth and Income Fund, Inc.) reported that the reorganization of the Fund as
a Delaware statutory trust closed today. As a result of the reorganization, the
Fund’s name became Ellsworth Fund Ltd. Shares of the Fund will continue to trade on
the American Stock Exchange under the symbol “ECF”.
Ellsworth Fund Ltd. is a closed-end management investment company with more than $110
million in net assets. The Fund 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. The Fund's shares are listed on the American
Stock Exchange under the symbol ECF.
AMEX - ECF Cusip 289074106
For further information please contact:
Gary I. Levine Ph. (973) 631-1177
Fax (973)
631-9893
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