Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.41 Per Share 2025 Annual Distribution Totals $0.86 Per Share

Core Viewpoint - Ellsworth Growth and Income Fund Ltd. has declared a cash distribution of $0.41 per share, payable on December 30, 2025, to shareholders of record on November 24, 2025 [1] Distribution Options - Shareholders not in the Automatic Dividend Investment Plan can choose to receive the distribution in cash or beneficial shares, with the option expiring on December 15, 2025 [2] - If no election is made, shareholders will automatically receive the distribution in beneficial shares [2] Share Calculation - The number of shares received under the share option will be determined on December 16, 2025, based on the lower of the closing market price or net asset value of the Fund's beneficial shares [3] Distribution Policy - The Fund aims to pay an annual distribution of at least 5% of its trailing 12-month average month-end market price or meet the minimum distribution requirement set by the Internal Revenue Code [4] - The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions [5] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [6] - Certain U.S. shareholders may incur an additional 3.8% Medicare surcharge on net investment income [6] Return of Capital - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [7] Distribution Components - Long-term capital gains, qualified dividend income, and return of capital will be allocated pro-rata to all distributions, with estimated components provided to shareholders [8] Fund Overview - Ellsworth Growth and Income Fund Ltd. has total net assets of $216 million and primarily invests in convertible securities and common stock, aiming for income and capital appreciation [10]