Ellsworth Growth and Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Ellsworth Growth and Income Fund has declared a cash distribution of $0.19 per share, payable on June 23, 2026, to common shareholders of record on June 15, 2026, demonstrating the Fund's ongoing commitment to shareholder returns.
- Transparent Distribution Policy: The Fund reviews potential distribution amounts quarterly, ensuring distributions meet a minimum of 5% annual rate or comply with tax regulations, reflecting sensitivity to market conditions and net asset value.
- Diverse Sources of Income: The expected distribution for 2026 will comprise approximately 5% from net investment income and 95% from net capital gains, indicating strong performance in capital appreciation and enhancing investor confidence.
- Tax Implications Explained: Distributions may be treated as long-term capital gains or qualified dividend income, with investors needing to consider tax impacts, particularly high-income shareholders facing a 3.8% Medicare surcharge, highlighting the importance of understanding tax consequences before investing.
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Ellsworth Growth and Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Ellsworth Growth and Income Fund has declared a cash distribution of $0.19 per share, payable on June 23, 2026, to common shareholders of record on June 15, 2026, demonstrating the Fund's ongoing commitment to shareholder returns.
- Transparent Distribution Policy: The Fund reviews potential distribution amounts quarterly, ensuring distributions meet a minimum of 5% annual rate or comply with tax regulations, reflecting sensitivity to market conditions and net asset value.
- Diverse Sources of Income: The expected distribution for 2026 will comprise approximately 5% from net investment income and 95% from net capital gains, indicating strong performance in capital appreciation and enhancing investor confidence.
- Tax Implications Explained: Distributions may be treated as long-term capital gains or qualified dividend income, with investors needing to consider tax impacts, particularly high-income shareholders facing a 3.8% Medicare surcharge, highlighting the importance of understanding tax consequences before investing.
Ellsworth Growth and Income Fund Ltd. Announces $0.41 Per Share Distribution; Total Annual Distribution for 2025 Reaches $0.86 Per Share
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.41 per share, payable on December 30, 2025, to shareholders of record on November 24, 2025, with options for cash or shares for those not in the Automatic Dividend Investment Plan.
Tax Implications: The distribution is taxable regardless of the chosen method, and shareholders may face additional taxes based on their income levels, including a potential 3.8% Medicare surcharge on net investment income.
Distribution Policy: The Fund aims to maintain an annual distribution of at least 5% of its trailing market price or meet minimum IRS requirements, with quarterly reviews by the Board of Trustees to adjust distributions as necessary.
Investment Considerations: Investors are advised to consider the Fund's investment objectives, risks, and expenses before investing, and will receive detailed tax information regarding distributions in early 2026.
Ellsworth Growth and Income Fund Ltd. Announces $0.16 Per Share Distribution
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders recorded by September 16, 2025.
Distribution Policy: The Fund aims to pay the greater of an annual distribution of 5% of its trailing market price or the minimum requirement set by the Internal Revenue Code for regulated investment companies, with quarterly reviews by the Board of Trustees.
Tax Implications: Portions of the distribution may be treated as long-term capital gains or qualified dividend income, subject to federal tax rates, including a potential 3.8% Medicare surcharge for certain high-income U.S. shareholders.
Investment Considerations: Investors are advised to consider the Fund's objectives, risks, and expenses before investing, with detailed information available through investor relations.
Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a $0.16 per share cash distribution, a 23% increase from the previous quarter, payable on June 23, 2025, to shareholders of record by June 13, 2025, following a strong market return of 27% in 2024.
Tax Implications and Fund Overview: The distribution may include long-term capital gains or qualified dividends, with potential tax implications for shareholders; the Fund, managed by Gabelli Funds, focuses on convertible securities and common stock, aiming for income and capital appreciation.
UPDATE - United Kingdom Investment Trusts
David Schachter's Visit: David Schachter, Senior Vice President of Gabelli Funds, is traveling to the UK to engage with investment trusts and investors, emphasizing the importance of closed-end funds as a long-term investment strategy.
Historical Context and Current Challenges: Closed-end funds have historically supported significant infrastructure projects in the U.S., but they now face threats from short-term focused activists aiming for quick value extraction, which undermines their role as stable, patient capital.
Discount Doctor to Visit United Kingdom in Support of Investment Trusts
David Schachter's Visit to the UK: David Schachter, Senior Vice President of GAMCO Investors, Inc., is visiting the UK to support the British investment trust industry, emphasizing the historical significance of closed-end funds in building American railroads and their current threats from short-term activism.
Advocacy for Long-Term Investment: Schachter criticizes recent activist movements as detrimental to long-term investors, advocating for the preservation of closed-end funds as a means of patient capital that provides freedom for investors against mass redemptions.
Ellsworth Growth and Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Ellsworth Growth and Income Fund has declared a cash distribution of $0.19 per share, payable on June 23, 2026, to common shareholders of record on June 15, 2026, demonstrating the Fund's ongoing commitment to shareholder returns.
- Transparent Distribution Policy: The Fund reviews potential distribution amounts quarterly, ensuring distributions meet a minimum of 5% annual rate or comply with tax regulations, reflecting sensitivity to market conditions and net asset value.
- Diverse Sources of Income: The expected distribution for 2026 will comprise approximately 5% from net investment income and 95% from net capital gains, indicating strong performance in capital appreciation and enhancing investor confidence.
- Tax Implications Explained: Distributions may be treated as long-term capital gains or qualified dividend income, with investors needing to consider tax impacts, particularly high-income shareholders facing a 3.8% Medicare surcharge, highlighting the importance of understanding tax consequences before investing.
Ellsworth Growth and Income Fund Ltd. Announces $0.41 Per Share Distribution; Total Annual Distribution for 2025 Reaches $0.86 Per Share
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.41 per share, payable on December 30, 2025, to shareholders of record on November 24, 2025, with options for cash or shares for those not in the Automatic Dividend Investment Plan.
Tax Implications: The distribution is taxable regardless of the chosen method, and shareholders may face additional taxes based on their income levels, including a potential 3.8% Medicare surcharge on net investment income.
Distribution Policy: The Fund aims to maintain an annual distribution of at least 5% of its trailing market price or meet minimum IRS requirements, with quarterly reviews by the Board of Trustees to adjust distributions as necessary.
Investment Considerations: Investors are advised to consider the Fund's investment objectives, risks, and expenses before investing, and will receive detailed tax information regarding distributions in early 2026.
Ellsworth Growth and Income Fund Ltd. Announces $0.16 Per Share Distribution
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders recorded by September 16, 2025.
Distribution Policy: The Fund aims to pay the greater of an annual distribution of 5% of its trailing market price or the minimum requirement set by the Internal Revenue Code for regulated investment companies, with quarterly reviews by the Board of Trustees.
Tax Implications: Portions of the distribution may be treated as long-term capital gains or qualified dividend income, subject to federal tax rates, including a potential 3.8% Medicare surcharge for certain high-income U.S. shareholders.
Investment Considerations: Investors are advised to consider the Fund's objectives, risks, and expenses before investing, with detailed information available through investor relations.
Ellsworth Growth and Income Fund Ltd. (NYSE: ECF) Increases Quarterly Distribution 23% to $0.16 Per Share From $0.13 Per Share
Distribution Announcement: Ellsworth Growth and Income Fund Ltd. declared a $0.16 per share cash distribution, a 23% increase from the previous quarter, payable on June 23, 2025, to shareholders of record by June 13, 2025, following a strong market return of 27% in 2024.
Tax Implications and Fund Overview: The distribution may include long-term capital gains or qualified dividends, with potential tax implications for shareholders; the Fund, managed by Gabelli Funds, focuses on convertible securities and common stock, aiming for income and capital appreciation.
UPDATE - United Kingdom Investment Trusts
David Schachter's Visit: David Schachter, Senior Vice President of Gabelli Funds, is traveling to the UK to engage with investment trusts and investors, emphasizing the importance of closed-end funds as a long-term investment strategy.
Historical Context and Current Challenges: Closed-end funds have historically supported significant infrastructure projects in the U.S., but they now face threats from short-term focused activists aiming for quick value extraction, which undermines their role as stable, patient capital.
Discount Doctor to Visit United Kingdom in Support of Investment Trusts
David Schachter's Visit to the UK: David Schachter, Senior Vice President of GAMCO Investors, Inc., is visiting the UK to support the British investment trust industry, emphasizing the historical significance of closed-end funds in building American railroads and their current threats from short-term activism.
Advocacy for Long-Term Investment: Schachter criticizes recent activist movements as detrimental to long-term investors, advocating for the preservation of closed-end funds as a means of patient capital that provides freedom for investors against mass redemptions.
