Ellsworth Growth and Income Fund Ltd. Announces the Placement of $25 Million of Series B Cumulative Preferred Shares
The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the Fund) is pleased to announce the issuance of Series B Cumulative Preferred Shares (Series B Preferred) with an aggregate liquidation value of approximately $25 million.
- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the Fund) is pleased to announce the issuance of Series B Cumulative Preferred Shares (Series B Preferred) with an aggregate liquidation value of approximately $25 million.
- The Series B Preferred is puttable on June 26, 2023 and June 26, 2024, and is callable after June 26, 2024.
- Distributions are at an annual rate of 4.40% of the $10.00 per share liquidation preference of the Series B Preferred and are scheduled to be paid semiannually beginning on December 26, 2022.
- For more information about the Fund, call:
Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $191 million in total net assets.