Welcome to our dedicated page for Ellsworth Growth and Income news (Ticker: ECF), a resource for investors and traders seeking the latest updates and insights on Ellsworth Growth and Income stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ellsworth Growth and Income's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ellsworth Growth and Income's position in the market.
Ellsworth Growth and Income Fund (NYSE American: ECF) has announced a cash distribution of $0.13 per share, payable on March 24, 2025, to shareholders of record as of March 17, 2025. The Fund aims to distribute annually either 5% of its trailing 12-month average month-end market price or meet minimum IRS requirements for regulated investment companies.
The current 2025 distribution comprises approximately 13% from net investment income and 87% from net capital gains on a book basis. The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions. An adjusting distribution may be paid in December to cover additional income and realized capital gains exceeding quarterly distributions.
Distributions may be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate for individuals. A 3.8% Medicare surcharge may apply to certain U.S. shareholders on their net investment income.
The Board of Trustees of Ellsworth Growth and Income Fund (ECF) has declared a $0.14 per share cash distribution payable on December 30, 2024. Shareholders of record as of November 22, 2024, can choose to receive the distribution in cash or beneficial shares. The Fund aims to pay either 5% of its trailing 12-month average month-end market price or meet minimum IRS distribution requirements. The distribution is taxable regardless of the payment method chosen, and shareholders must make their election by December 13, 2024. Those who don't make a choice will receive shares, with the amount determined on December 16, 2024, based on the lower of closing market price or net asset value.
The Board of Trustees of Ellsworth Growth and Income Fund (NYSE American: ECF) has declared a $0.13 per share cash distribution for September 23, 2024, to shareholders of record on September 16, 2024. The Fund aims to distribute either 5% of its trailing 12-month average month-end market price or meet the minimum distribution requirement for regulated investment companies.
The distribution may include long-term capital gains and qualified dividend income, subject to a maximum federal tax rate of 20% for individuals. The Fund's 2024 distributions are estimated to comprise 44% from net investment income and 56% from net capital gains. Shareholders will receive detailed tax information for 2024 distributions in early 2025 via Form 1099-DIV.
The Board of Trustees of Ellsworth Growth and Income Fund declared a $0.13 per share cash distribution, payable on June 21, 2024, to shareholders as of June 13, 2024. The Fund's policy aims to distribute 5% of the trailing 12-month average market price or comply with the minimum distribution requirement of the Internal Revenue Code. Quarterly reviews are conducted to determine potential distributions, which may be adjusted in December if necessary. The distribution includes approximately 40% net investment income and 60% return of capital. Shareholders will receive detailed tax treatment notifications in early 2025.
FAQ
What is the current stock price of Ellsworth Growth and Income (ECF)?
What is the market cap of Ellsworth Growth and Income (ECF)?
