ECF News and Press, Ellsworth Growth and Income Fund Ltd. From 12/15/20

23 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. Rally continues for the fifth week; MLPs lead again. DSL cuts distribution. For further details see: Weekly Closed-End Fund Roundup: December 6, 2020

22 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. Rally continues for the fourth week as MLPs lead the way. DSL announces distribution cut, discussed in a separate report for members. For further details see: Weekly Closed-End...

As the year is starting to wind down, I wanted to take an updated look at what distribution changes happened throughout the year. We had previously done this for a more specific time frame; the time frame of the pandemic to shortly after in June. Again, I'm surprised at how resili...

21 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week as rally continues for the third week. MLPs lead while real estate lags. Taxable munis are the most expensive CEF sector. For further details see: Weekly Closed-End Fund Roundup...

20 out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week as vaccine rally continues. November distribution changes are updated: boosts to MAV (Taxable Income holding), MHI; cuts to KIO, FSLF. We'll keep track of large annual/special distributio...

Ellsworth Fund (ECF) declares $0.94/share year-end dividend. (Each of the distributions paid in 2020 would include ~28% from net investment income and 72% from net capital gains on a book basis.)Payable Dec. 29; for shareholders of record Nov. 25; ex-div Nov. 24.See ECF Dividend Scorecar...

The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $0.94 per share cash distribution payable on December 29, 2020 to common shareholders of record on November 25, 2020. With this fourth quarter distribution, the tota...

17 out of 23 CEF sectors positive on price and 15 out of 23 sectors positive on NAV last week. RIV announces a rights offering. DNI to delist from the NYSE. Share repurchase programs for First Trust MLP/midstream CEFs. A number of target term CEFs cut distributions. ...

Convertibles have been making the news for two primary reasons - record-setting new issuance and strong absolute and relative performance. Going forward, we expect the issuance calendar to remain healthy, but the pace will likely be a bit more modest than what we've seen this year. ...

By David King, CFA, Senior Portfolio Manager, Head of Income and Growth Strategies A surge in convertible issuance could change the landscape for this asset class. How should investors think about the convertibles market? Dave King: Convertibles are a way to pursue good risk-adju...