# Ellsworth Growth and Income Fund Sets $1.01 Distribution, Bringing 2026 Total to $1.61

> Ellsworth Growth and Income Fund declared a $1.01 per share distribution payable December 30, 2026, with shareholders able to elect cash or beneficial shares.

- Published: 2026-11-11T17:24:54+00:00
- Section: Dividends & Buybacks
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-11/ellsworth-growth-income-fund-distribution
- Source: [Stock Titan](https://www.stocktitan.net/news/ECF/ellsworth-growth-and-income-fund-ltd-declares-distribution-of-1-01-5eqbvjlonie6.html)

## Key takeaways

- Ellsworth Growth and Income Fund declared a $1.01 per share cash distribution payable December 30, 2026, to shareholders of record on November 23, 2026.
- The election between cash and beneficial shares expires December 15, 2026, and shareholders who do not choose receive beneficial shares.
- The fund's 2026 annual distribution totals $1.61 per share, and the payout is taxable whether or not shareholders choose cash.

[Ellsworth Growth and Income Fund](https://akta.pro/company-profiles/003jaag/ellsworth-growth-and-income-fund) Ltd. declared a $1.01 per share cash distribution payable on December 30, 2026, to common shareholders of record on November 23, 2026. [Stock Titan](https://www.stocktitan.net/news/ECF/ellsworth-growth-and-income-fund-ltd-declares-distribution-of-1-01-5eqbvjlonie6.html) reported the declaration, which brings the fund's 2026 annual distribution total to $1.61 per share.

## How the Ellsworth Share Election Works

Shareholders who are not members of the fund's Automatic Dividend Investment Plan can choose to receive the distribution in cash or in beneficial shares. The option expires on December 15, 2026, and shareholders who make no election will receive beneficial shares. The number of shares under the share option will be set on December 16, 2026, based on the closing market price of the fund's beneficial shares or its net asset value, whichever is lower that day. [Yahoo](https://finance.yahoo.com/markets/stocks/articles/ellsworth-growth-income-fund-ltd-163700016.html) also reported the declaration and the cash-or-shares election.

The distribution is taxable to shareholders whether or not they choose cash. The fund intends to pay the greater of an annual distribution equal to 5% of its trailing 12-month average month-end market price or an amount meeting the minimum distribution requirement for regulated investment companies under the Internal Revenue Code. The Board of Trustees reviews potential distributions each quarter and may pay an adjusting distribution in December that includes additional income and net realized capital gains beyond the quarterly payouts. The fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.

## Ellsworth's Distribution Record and Ownership

According to akta.pro [company records](https://akta.pro/company-data), the fund increased its quarterly cash distribution by 20% in February 2026, to $0.19 per share from $0.16, raising the annualized rate to $0.76 from $0.64 per share. The same records show activist investors Saba Capital Management, with a stake of about 12.3%, and SIT Investment Associates, with about 5.6%, holding a combined block of roughly 17.9% that has pressed for discount narrowing or structural changes, including a potential merger with sister Gabelli fund GCV. The records put total net assets at $201 million in March 2026 and $230 million in May 2026, and the fund traded at an 11% discount to net asset value as of June 2026.

## Ellsworth's 2026 Payout History

Ellsworth declared a quarterly dividend of $0.22 per share in August 2026, a 15.8% increase from its previous payout of $0.19, payable September 23 to shareholders of record as of September 16, Markets Daily reported. In September 2026, Seeking Alpha reported that the fund's net asset value rose 20.4% in the second quarter, against a 16.8% gain for the ICE BAML All Convertibles Index, with the portfolio 39% equity sensitive, 56% total return and 5% fixed income equivalent. Seeking Alpha reported in June 2026 that Gabelli Funds' first-quarter commentary noted new municipal bond issuance above historical averages and valuations attractive on a tax-adjusted basis.

## Ellsworth's December Payment Date

The distribution is payable on December 30, 2026, to shareholders of record on November 23, 2026. The share option expires on December 15, 2026, and the share count for that option is determined on December 16, 2026.

## Companies in this story

- [Ellsworth Growth and Income Fund company profile](https://akta.pro/company-profiles/003jaag/ellsworth-growth-and-income-fund) · website: http://ellsworthfund.com

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