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Stock impact report

Ellsworth Growth and Income Fund Ltd Declares Distribution of $0.42 Per Share

Ellsworth Growth and Income Fund Ltd. (ECF) 
Company Research Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American:ECF) (the “Fund”) declared a $0.42 per share cash distribution payable on December 27, 2019 to shareholders of record on November 26, 2019.Shareholders who are not members of the Fund’s Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Fund. The dividend is taxable to shareholders whether or not they choose to receive cash.The expiration date of the option is December 16, 2019. Shareholders who do not make an election will receive the distribution in beneficial shares.The number of shares that holders will be entitled to receive under the share option will be determined on December 17, 2019, either on the basis of the closing market price of the Fund’s beneficial shares or its net asset value, whichever is lower on that date.The Fund intends to pay a quarterly distribution of an amount determin Show less Read more
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