Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share
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.
Ellsworth Growth and Income Fund (NYSE American: ECF) ha annunciato una distribuzione in contante di $0,13 per azione, che sarà pagata il 24 marzo 2025, agli azionisti registrati al 17 marzo 2025. Il Fondo mira a distribuire annualmente il 5% del suo prezzo medio di mercato alla fine di ciascun mese negli ultimi 12 mesi o a soddisfare i requisiti minimi dell'IRS per le società di investimento regolate.
La distribuzione attuale per il 2025 comprende circa il 13% da reddito netto da investimenti e l'87% da guadagni in conto capitale netti su base contabile. Il Consiglio di Amministrazione esamina trimestralmente le potenziali distribuzioni, considerando il valore netto degli attivi del Fondo e le condizioni di mercato. Una distribuzione aggiustata potrebbe essere pagata a dicembre per coprire redditi aggiuntivi e guadagni in conto capitale realizzati che superano le distribuzioni trimestrali.
Le distribuzioni possono essere trattate come guadagni in conto capitale a lungo termine o come reddito da dividendi qualificati, soggetti a un'aliquota fiscale federale massima del 20% per gli individui. Un sovrapprezzo Medicare del 3,8% potrebbe applicarsi ad alcuni azionisti statunitensi sul loro reddito netto da investimenti.
Ellsworth Growth and Income Fund (NYSE American: ECF) ha anunciado una distribución en efectivo de $0.13 por acción, que se pagará el 24 de marzo de 2025, a los accionistas registrados hasta el 17 de marzo de 2025. El Fondo tiene como objetivo distribuir anualmente el 5% de su precio medio de mercado al final de cada mes durante los últimos 12 meses o cumplir con los requisitos mínimos del IRS para las compañías de inversión reguladas.
La distribución actual para 2025 comprende aproximadamente el 13% de ingresos netos de inversiones y el 87% de ganancias de capital netas sobre una base contable. La Junta de Fideicomisarios revisa trimestralmente las posibles distribuciones, considerando el valor neto de los activos del Fondo y las condiciones del mercado. Se puede pagar una distribución ajustada en diciembre para cubrir ingresos adicionales y ganancias de capital realizadas que superen las distribuciones trimestrales.
Las distribuciones pueden ser tratadas como ganancias de capital a largo plazo o como ingresos de dividendos calificados, sujetos a una tasa impositiva federal máxima del 20% para individuos. Un recargo del 3.8% de Medicare puede aplicarse a ciertos accionistas de EE. UU. sobre su ingreso neto de inversiones.
Ellsworth Growth and Income Fund (NYSE American: ECF)는 주당 $0.13의 현금 배당금을 발표했으며, 2025년 3월 24일에 2025년 3월 17일 기준 주주에게 지급될 예정입니다. 이 펀드는 연간 12개월 평균 월말 시장 가격의 5%를 배당하거나 규제 투자 회사에 대한 IRS의 최소 요구 사항을 충족하는 것을 목표로 합니다.
2025년 현재 배당금은 순투자소득의 약 13%와 순자본이득의 87%로 구성됩니다. 이사회는 펀드의 순자산 가치와 시장 상황을 고려하여 분기별로 잠재적 배당금을 검토합니다. 추가 소득 및 분기 배당금을 초과하는 실현된 자본 이득을 충당하기 위해 12월에 조정 배당금이 지급될 수 있습니다.
배당금은 장기 자본 이득 또는 자격이 있는 배당 소득으로 처리될 수 있으며, 개인에 대한 최대 20%의 연방 세율이 적용됩니다. 특정 미국 주주에게는 순투자 소득에 대해 3.8%의 메디케어 추가세가 적용될 수 있습니다.
Ellsworth Growth and Income Fund (NYSE American: ECF) a annoncé une distribution en espèces de 0,13 $ par action, payable le 24 mars 2025, aux actionnaires inscrits au 17 mars 2025. Le Fonds vise à distribuer annuellement soit 5 % de son prix moyen de marché à la fin de chaque mois sur les 12 derniers mois, soit à satisfaire aux exigences minimales de l'IRS pour les sociétés d'investissement réglementées.
La distribution actuelle pour 2025 se compose d'environ 13 % de revenus nets d'investissement et de 87 % de gains en capital nets sur une base comptable. Le Conseil d'Administration examine trimestriellement les distributions potentielles, en tenant compte de la valeur nette des actifs du Fonds et des conditions du marché. Une distribution ajustée peut être versée en décembre pour couvrir les revenus supplémentaires et les gains en capital réalisés dépassant les distributions trimestrielles.
Les distributions peuvent être traitées comme des gains en capital à long terme ou des revenus de dividendes qualifiés, soumis à un taux d'imposition fédéral maximum de 20 % pour les particuliers. Un supplément Medicare de 3,8 % peut s'appliquer à certains actionnaires américains sur leur revenu net d'investissement.
Ellsworth Growth and Income Fund (NYSE American: ECF) hat eine Barverteilung von 0,13 $ pro Aktie angekündigt, die am 24. März 2025 an Aktionäre ausgezahlt wird, die am 17. März 2025 im Aktienregister stehen. Der Fonds zielt darauf ab, jährlich entweder 5 % des durchschnittlichen Monatsendmarktkurses der letzten 12 Monate oder die Mindestanforderungen der IRS für regulierte Investmentgesellschaften zu erfüllen.
Die aktuelle Verteilung für 2025 umfasst ungefähr 13 % aus Nettoanlageerträgen und 87 % aus Nettoveräußerungsgewinnen auf Buchbasis. Der Vorstand prüft vierteljährlich potenzielle Verteilungen unter Berücksichtigung des Nettovermögenswerts des Fonds und der Marktbedingungen. Eine Anpassungsverteilung kann im Dezember gezahlt werden, um zusätzliches Einkommen und realisierte Kapitalgewinne, die die vierteljährlichen Verteilungen übersteigen, abzudecken.
Verteilungen können als langfristige Kapitalgewinne oder als qualifizierte Dividende behandelt werden, unterliegen jedoch einem maximalen Bundessteuersatz von 20 % für Einzelpersonen. Ein Zuschlag von 3,8 % für Medicare kann auf bestimmte US-Aktionäre auf deren Nettoanlageerträge angewendet werden.
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RYE, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a
The Fund intends to pay the greater of either an annual distribution of
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund pays an adjusting distribution in December, which includes any additional income and net realized capital gains in excess of the quarterly distributions. The Fund’s distribution policy is subject to modification or termination by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a share-holder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, the current distribution paid in 2025 to common shareholders with respect to the Fund’s fiscal year ending September 30, 2025 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Bethany Uhlein
(914) 921-5546
About Ellsworth Growth and Income Fund
Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with
NYSE American: ECF
CUSIP – 289074106
Investor Relations Contact:
Bethany Uhlein
914.921.5546
buhlein@gabelli.com
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