Ellsworth Growth and Income Fund, Inc. (NYSE: ECF) is a closed-end management investment company whose primary objective is to provide shareholders with total return through a combination of capital appreciation and current income. The Fund pursues this objective by investing principally in common stocks of U.S. companies that the investment adviser believes are undervalued relative to their growth prospects and exhibited attractive dividend yields. To complement its equity holdings, the Fund may also allocate assets to convertible securities, preferred stocks and high-quality fixed-income instruments.
The Fund employs a bottom-up, stock-picking approach, seeking issuers across a broad range of sectors that offer favorable risk-reward dynamics. Its flexible mandate allows managers to weight positions in established large-cap companies as well as mid- and small-capitalization firms, based on where they identify the most compelling combination of income potential and growth opportunity. Cash and short-term instruments may be used to manage liquidity and respond to shifting market conditions.
Ellsworth Growth and Income Fund’s shares trade on the New York Stock Exchange under the symbol “ECF,” providing investors with daily liquidity in a closed-end fund structure. The Fund does not target any single geography beyond its emphasis on U.S. markets, and it maintains the ability to hedge currency and interest-rate exposures when deemed prudent. While the Fund’s managers adhere to rigorous fundamental analysis, they also consider macroeconomic trends and corporate governance factors that may influence long-term performance.
Governed by an independent board of directors, the Fund engages an external investment adviser responsible for portfolio construction, risk management and day-to-day operations. Shareholders benefit from the fund’s established track record of balancing income generation with capital appreciation goals, as well as its disciplined approach to value-oriented investing in a diversified equity and income portfolio.
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