MORRISTOWN, NJ--(Marketwired - Jul 25, 2014) - Ellsworth Fund Ltd. (
| EARNINGS REPORT | Nine Months Ended | |||||
| June 30 | ||||||
| 2014 | 2013 | |||||
| Net Income | $1,492,000 | $1,901,000 | ||||
| Per Share | $0.11 | $0.14 | ||||
| Shares Outstanding | 13,140,692 | 13,507,882 | ||||
| Total Net Assets | $138,330,000 | $122,455,000 | ||||
| Net Asset Value Per Share | $10.53 | $9.07 | ||||
| FUND STATISTICS | ||||||
| Market price | $8.83 | |||||
| Net asset value (NAV) | $10.53 | |||||
| Premium/(Discount) | (16.14 | )% | ||||
| Total Net Assets | $138,330,000 | |||||
| 12-Month income distribution | $0.240 | |||||
| Yield on market price | 2.7 | % | ||||
| Ratio of expenses (annualized) | 1.1 | % | ||||
| Ratio of net income (annualized) | 1.5 | % | ||||
| Portfolio turnover | 42 | % | ||||
| Shares outstanding | 13,140,692 | |||||
| TOP TEN HOLDINGS | ||||||
| by underlying common stock | ||||||
| % of Net Assets | ||||||
| Gilead Sciences, Inc. | 2.4 | |||||
| United Technologies Corp. | 1.9 | |||||
| AT&T Inc. | 1.8 | |||||
| Iconix Brand Group, Inc. | 1.8 | |||||
| ConocoPhillips | 1.7 | |||||
| NextEra Energy, Inc. | 1.7 | |||||
| Intel Corp. | 1.6 | |||||
| Micron Technology, Inc. | 1.6 | |||||
| Illumina, Inc. | 1.5 | |||||
| The Priceline Group Inc. | 1.5 | |||||
| Sector Weightings | ||||||
| % of Net Assets | ||||||
| Consumer Discretionary | 9.7 | |||||
| Consumer Staples | 4.7 | |||||
| Energy | 7.2 | |||||
| Financials | 19.4 | |||||
| Health Care | 16.7 | |||||
| Industrials | 7.7 | |||||
| Information Technology | 22.7 | |||||
| Materials | 2.0 | |||||
| Telecommunication Services | 6.4 | |||||
| Utilities | 2.8 | |||||
| ASSET ALLOCATION | ||||||
| % of Net Assets | ||||||
| Convertible Bonds & Notes | 53.6 | |||||
| Convertible Preferred Stock | 10.0 | |||||
| Mandatory Convertible Securities | 9.5 | |||||
| Common Stock | 26.1 | |||||
| Cash & Equivalents | 0.8 | |||||
Data is unaudited and as of June 30, 2014. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Shareholders for the six months ended March 31, 2014.
Detailed portfolio information is available on our website ( www.ellsworthfund.com ). Contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.
Ellsworth Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Its shares are traded on the NYSE MKT LLC under the ticker symbol ECF.
Cusip 289074106
For further information please contact: Gary I. Levine Chief Financial Officer Ph. (973) 631-1177 Fax (973) 631-9893 info@ellsworthfund.com www.ellsworthfund.com
