Ellsworth Fund Ltd. Declares Second Quarter Dividend
Davis-Dinsmore Management Company


Morristown, NJ, April 14, 2008 –- The Board of Trustees of Ellsworth Fund Ltd. declared its eighty-seventh quarterly dividend today.

The nine cents ($0.09) per share dividend is payable from net investment income on May 29, 2008 to shareholders of record May 15, 2008.

Ellsworth Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests. Fund shares are traded on the American Stock Exchange under the ticker symbol ECF.



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