The 16% distribution increase is a modest positive for income-focused holders, but the fund's policy allows modification or termination at any time. Monitor the December adjusting distribution for any additional income or capital gains; the high 95% capital gains component suggests the distribution is not fully covered by recurring income.
Price Chart
Executive Summary
Ellsworth Growth and Income Fund Ltd. (ECF) declared a $0.22 per share quarterly cash distribution, a 16% increase from the prior $0.19. The distribution is payable September 23, 2026 to shareholders of record September 16, 2026. The increase signals improved income generation or capital gains realization, but the fund's distribution policy remains subject to modification.
Key Facts
- Quarterly distribution increased 16% to $0.22 per share from $0.19
- Payable September 23, 2026; record date September 16, 2026
- Fund has $227 million in total net assets
- Distribution components estimated at 5% net investment income and 95% net capital gains for fiscal 2026
Financial Impact
Quarterly distribution increased by $0.03 per share (16% increase)
Risk Factors
- Distribution policy subject to modification or termination by the Board at any time
- High proportion of distribution from capital gains (95%) may not be sustainable
- Return of capital possible if earnings insufficient to cover distributions
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3343855 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 10w ago | Press Release | $13.00 $12.41 | ▼ −4.54% | ▼ −2.64% | $11.69 (−10.08%) |
May 13, 2026 23w ago | Press Release | $13.09 $12.74 | ▼ −2.65% | ▼ −2.03% | $11.69 (−10.70%) |
US Market Status
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