ECF 10% Owner Saba Capital Management, L.P. Buys $116K of Stock

Ten-percent owner Saba Capital Management, L.P. purchased 9,969 shares of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) on October 15, 2026. According to a Form 4 filed with the SEC, the shares were acquired at a price of $11.62 each, totaling approximately $115,839.78.

ECF Ellsworth Growth and Income Fund Ltd.

$11.65 ▲ +4.86% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Inside Saba Capital Management's Ellsworth Growth and Income Fund Trade

The transaction increased the firm's direct holdings to 1,754,599 shares, representing a 0.57% increase in its position. On the day of the trade, Ellsworth Growth and Income Fund closed at $11.80.

Other Institutional Activity in Ellsworth Growth and Income Fund

Institutional investors have actively adjusted their positions in the fund recently. SIT Investment Associates Inc grew its holdings by 3,639 shares, ending with 936,651 shares worth about $10,724,653, which is a 0.4% increase. Wells Fargo & Company reduced its stake by 15,826 shares, finishing with 931,846 shares valued at about $10,669,636 after a 1.7% decrease. Advisors Asset Management, Inc. trimmed its position by 2,473 shares, leaving it with 402,884 shares worth about $4,613,021 following a 0.6% reduction. Blue Bell Private Wealth Management, LLC grew its holdings by 30,939 shares, ending with 239,144 shares worth about $2,738,198 for a 14.9% increase. Saba Capital Management, L.P. previously reported 1,604,273 shares valued at about $18,368,925.

Ellsworth Growth and Income Fund Ltd. Stock Down 3.0%

Shares of Ellsworth Growth and Income Fund recently traded around $11.45 as of October 19, 2026. That is down about 3.0% from the $11.80 close on the day of the transaction.

Recent Earnings

Ellsworth Growth and Income Fund reported trailing twelve-month revenue of $4,794,184 and earnings of $3.11 per share.

Dividend

The fund pays an annual dividend rate of $0.88 per share, with a dividend payout ratio of 29.5%.

Insider Buying and Selling at Ellsworth Growth and Income Fund Ltd.

Earlier insider transactions included multiple purchases by Saba Capital Management entities leading up to this filing. On October 8, 2026, the beneficial owner bought 27,937 shares at $11.95 per share for $333,847. On October 12, 2026, purchases included 14,600 shares at $12.03 per share valued at $175,638. On October 14, 2026, the firm acquired another 56,083 shares at $11.74 per share for $658,414.

About Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. The fund primarily invests in convertible securities across various market capitalizations, benchmarking its portfolio against the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and S&P 500 Index.

Bottom Line

This purchase expands Saba Capital Management's already substantial stake in the fund. Investors will monitor future Form 4 filings to see if the ten-percent owner continues adding to its position.