ECF News and Press, Ellsworth Growth and Income Fund Ltd. From 02/15/22

It has been a rocky start to a new year, but with ~11 months to go, just about anything could happen. It is impossible to know if the bottom is in, but the last two trading days of the month provided some optimism. If an investor was sitting on some cash, January seemed like a fin...

GCV is another interesting convertible fund in the closed-end fund space. We recently covered peers ECF and BCV. One of the problems is that GCV is quite expensive compared to ECF and BCV, even relatively expensive to its own historical range. Besides that, the performance of ECF ...

BCV has been getting hit by the market, and discounts have expanded, similar to its sister fund, ECF. These funds operate in the convertible space, but BCV seems to be more pure-play. Interest rates can play less of a role in the performance of convertibles; instead, it generally ...

October saw the broader indexes return to higher levels after September's dip. I wasn't aggressively buying for the month but found a few pockets worth putting capital to work in. This past month also included two positions that I sold; overall, allowing my net cash position to bu...

The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American: ECF) (the “Fund”) declared a $1.11 per share cash distribution payable on December 28, 2021 to common shareholders of record on November 24, 2021. With this fourth quarter distribution, the tota...

GCV is another fund that is offered under the Gabelli fund sponsor, the others being BCV and ECF. This one is slightly different from BCV and ECF in that it also includes Mario Gabelli himself as a manager. Despite that, the other managers are the same and there is quite a bit of ...

ECF is quite similar to BCV, which we recently covered, both being under the Gabelli banner and focused on convertibles. The similarities between their portfolios have played out that their total performance figures are quite close as well. At this time, ECF is attractively valued...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

Convertibles finished the first half of 2021 as the top fixed income asset class, extending their performance as the best performing fixed income asset class of both last year and the year before. Throughout the year, the Calamos Convertible Fund (CICVX) portfolio management team has ...

As we reach halftime of the calendar year, investors go into the locker room with some knowledge of the pandemic recovery and some new concerns to monitor in the second half of 2021 and into 2022. Our base case is inflation is transitory; however, we are watching the data very closely...