Ellsworth Growth and Income Fund

Ellsworth Growth and Income Fund, Ltd. is a closed-end, diversified management investment company that invests primarily in convertible securities, including convertible bonds, convertible preferred stocks, and related instruments. The fund targets investments across companies of varying market capitalizations, seeking to generate both capital appreciation and current income through its portfolio of convertible securities. As a closed-end fund, Ellsworth's shares trade on a stock exchange rather than being redeemable directly with the fund. The fund's investment strategy leverages the hybrid characteristics of convertible securities, which combine elements of fixed-income and equity instruments, to provide investors with potential upside participation in equity markets while offering some downside protection through the income component.