Overview
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Description
Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company primarily focused on investing in convertible securities and common stocks. The Fund’s dual objectives are to provide shareholders with both income and the potential for capital appreciation, considering these goals equally important due to the unique characteristics of convertible instruments and equities. Ellsworth Growth and Income Fund Ltd. allocates its portfolio across a variety of sectors, including health care, energy and utilities, computer software and services, semiconductors, telecommunications, real estate investment trusts, and financial services, among others. The Fund emphasizes income generation by targeting dividend-paying, undervalued stocks with attractive yields, while aiming for long-term growth through capital gains. Managed by Gabelli Funds, LLC, the Fund’s strategy is further supported by a team of sector-focused analysts. As a closed-end fund, it offers investors access to a blend of income-producing assets and growth opportunities, playing a significant role in the convertible securities segment of the financial markets and serving investors seeking diversified income and appreciation potential.
About
Instrument type
Closed-end fund
Country
United States
MIC code
XASE