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Ellsworth Convertible Growth and Income Fund |
The Fund's shareholders have subscribed, either through the primary subscription or the over-subscription privilege, for all 1,754,826 shares of common stock available in the rights offering. The final subscription price is $7.53 per share, which is 95% of the average volume-weighted average sales prices of a share of the Fund's common stock on the American Stock Exchange on November 20, 2003 and the four preceding trading days. Shares subscribed for through the over-subscription privilege will be allocated on a pro rata basis in the manner described in the Fund's prospectus for the rights offering. All shares issued in the offering will be newly-issued shares. Shares subscribed for are expected to be delivered beginning on or about December 3, 2003. "We at Ellsworth appreciate the trust and support shown by our shareholders, whose participation made this offering successful," stated Thomas H. Dinsmore, the Fund's Chairman of the Board. Ellsworth Convertible Growth and Income Fund, Inc. is a closed-end management investment company with more than $90 million in net assets. The Fund's shares are listed on the American Stock Exchange under the symbol ECF.
AMEX - ECF Cusip
289074106 Letter to Stockholders (PDF 68Kb) | Prospectus (PDF 212Kb) |