Ellsworth Growth and Income Fund Ltd. Announces Correction to Quarterly Dividend Press Release

MORRISTOWN, NJ--(Marketwired - Aug 12, 2015) - Ellsworth Growth and Income Fund Ltd. (NYSE MKT: ECF) today announced a correction to its press release issued July 13, 2015 entitled, "Ellsworth Growth and Income Fund Ltd. Declares a Quarterly Dividend and Reports on Share Repurchase Program Activity."

In the first paragraph of the release, the breakdown between income and return of capital on the $0.109 per share dividend payable August 27, 2015 to shareholders of record on August 13, 2015 was misstated. The corrected statement is as follows:

"Based on our current estimates, the Fund anticipates that approximately $0.0581 per share of the dividend will be paid from accumulated net investment income, and approximately $0.0509 per share will represent a return of capital."

Ellsworth Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities and common stock, 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 trade on the NYSE MKT Exchange under the ticker symbol ECF.

Cusip# 289 074 106