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-0.00246103363412628 -0.00246103363412628 0 0.00191960623461858 0.00656275635767037 0.00820344544708789 0.00820344544708789 0.00574241181296147
Stock impact report

Corrected: Ellsworth Growth and Income Fund Ltd. NAV Performance up 33% and Market Return up 47%

Ellsworth Growth and Income Fund Ltd. (ECF) 
Company Research Source: Business Wire
Raises Annual Distribution 8% to $0.52 Per Share From $0.48 Per Share RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.13 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020. The $0.13 first quarter 2020 distribution is an 8% increase from $0.12 in the same period last year and brings the 2020 minimum annual distribution to $0.52 per share. The increase follows on the strength of the Fund’s market return in 2019, which increased 47%.The Fund intends to pay the greater of either an annual distribution of 5% of funds trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.The Board o Show less Read more
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