DividendMay 13, 2026, 10:36 AM
Ellsworth Growth & Income Fund Declares $0.19/Share Distribution
AI Summary
Ellsworth Growth and Income Fund Ltd. announced a cash distribution of $0.19 per share, payable on June 23, 2026, to shareholders of record on June 15, 2026. The Fund's policy is to pay the greater of an annual distribution of 5% of its trailing 12-month average month-end market price or an amount meeting IRS minimum distribution requirements. The Board of Trustees reviews distribution amounts quarterly, considering income, realized capital gain, or available capital, and may adjust distributions in December. The Fund, with $230 million in net assets, primarily invests in convertible securities and common stock.
Key Highlights
- Declared a $0.19 per share cash distribution.
- Distribution payable on June 23, 2026, to shareholders of record on June 15, 2026.
- Fund intends to pay the greater of an annual 5% of trailing 12-month average market price or IRS minimum distribution.
- Estimated 2026 distributions include approximately 5% from net investment income and 95% from net capital gains on a book basis.
- Ellsworth Growth and Income Fund Ltd. has $230 million in total net assets.
Price Impact