ELLSWORTH GROWTH & INCOME FUND LTD

Ellsworth Growth and Income Fund Ltd. is a closed-end investment company incorporated in Delaware and headquartered in Rye, New York. Launched in 1986, the fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. The fund's primary investment focus is convertible securities, which represent hybrid instruments combining characteristics of both debt and equity. The portfolio spans companies across various market capitalizations, allowing the fund to pursue both capital appreciation and income generation objectives.

The fund's investment strategy centers on convertible bonds and other convertible instruments, benchmarking performance against multiple indices including the Bank of America Merrill Lynch All U.S. Convertibles Index, Barclays Balanced U.S. Convertibles Index, and the S&P 500 Index. As a closed-end fund structure, the company issues a fixed number of shares that trade on the NYSE, distinguishing it from open-end mutual funds. Revenue is generated through management fees charged to the fund's assets under management, with distributions to shareholders funded from investment income and realized gains.

The fund operates with a relatively modest asset base in the broader asset management industry context, maintaining a focused operational structure typical of specialized investment vehicles managed by established fund operators.