 |
|
|
|
Davis-Dinsmore Management Company
Morristown, NJ, October 16, 2006 -- Ellsworth Fund Ltd. (ECF) today reported financial highlights and certain portfolio information for the twelve months ended September 30, 2006.
The Fund declared its eighty-first quarterly distribution today:
| Distribution |
Type |
Payable Date |
Record Date |
| $0.130 |
Ordinary Income |
November 22, 2006 |
October 27, 2006 |
| $0.265 |
Long-term Capital Gains |
November 22, 2006 |
October 27, 2006 |
Shareholders who are not members of the Fund's Automatic Dividend Investment Plan will be given the option to receive the dividend either in cash or in shares of beneficial interest of the Fund. Because of this option, the dividend is taxable to all shareholders whether or not they choose to receive cash.
Shareholders Meeting Date: The trustees also set January 12, 2007 as the date of the annual shareholders meeting with a record date of November 15, 2006.
---------------------------------------------------------------------------
Earnings Report Three Months Ended Twelve Months Ended
September 30 September 30
2006 2005 2006 2005
------------ ------------ ------------ ------------
Net Income $1,057,000 $935,000 $4,129,000 $3,710,000
Per Share $0.09 $0.08 $0.33 $0.30
Shares Outstanding 12,429,083 12,362,269 12,429,083 12,362,269
Total Net Assets $119,264,000 $114,824,000 $119,264,000 $114,824,000
Net Asset Value Per
Share $9.60 $9.29 $9.60 $9.29
---------------------------------------------------------------------------
Top Ten Holdings by underlying
Fund Statistics as of common stock as of
September 30, 2006 September 30, 2006
% of Net Assets
Market price $8.20 The Walt Disney Company 3.6
Net asset value (NAV) $9.60 Nuveen Investments, Inc. 2.9
Premium/(Discount) (14.58)% Chesapeake Energy Corp. 2.2
Total Net Assets $119,264,000 Advanced Micro Devices, Inc. 2.1
12-Month income Genworth Financial, Inc. 2.1
distribution $0.3075 The St. Paul Travelers
Yield on market price 3.75% Companies, Inc. 2.1
Ratio of expenses 1.20% MetLife, Inc. 2.0
Ratio of net income 3.56% Celanese Corp. 1.9
Portfolio Turnover 60.16% Schering-Plough Corp. 1.9
Shares outstanding 12,429,083 Intel Corp. 1.8
Major Industry Exposure as of Portfolio Ratings from Moody's
September 30, 2006 as of September 30, 2006
% of Net Assets (From S&P when Moody's is unavailable)
Technology 18.6
Financial and Insurance 16.2 % of Portfolio
Pharmaceuticals 10.5 Aa 13
Energy 9.3 A 14
Banking/Savings and Loan 5.6 Baa 18
Aerospace and Defense 5.5 Ba 8
Entertainment 5.2 B 19
Health Care 3.9 Caa 1
Telecommunications 3.4 NR 27
Chemicals 3.2
Asset Allocation as of
September 30, 2006
% of Net Assets
Convertible Bonds and Notes 55.1
Convertible Preferred Stock 17.8
Mandatory Convertibles 17.8
Common Stock 3.6
Short-term Securities 3.6
Other Assets 2.1 |
Data is unaudited and as of September 30, 2006. This selected information should be read in conjunction with the financial statements and notes included in the Company's Semi-Annual Report to Stockholders for the six months ended March 31, 2006.
Detailed portfolio information is available on our website ( http://www.ellsworthfund.com). Contact us by email at info@ellsworthfund.com or call us at (973) 631-1177.
Ellsworth is a diversified closed-end management investment company. Ellsworth's investment objective is to seek a high level of total return on its assets through a combination of current income and capital appreciation. It seeks to achieve this objective by investing primarily in convertible securities.
|
©1999-2008 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|
|