MORRISTOWN, NJ -- (Marketwire) -- 07/16/10 -- The Board of Trustees of Ellsworth Fund Ltd. (NYSE Amex: ECF) declared its ninety-sixth quarterly dividend today.

The $0.0675 per share dividend is payable from net investment income on August 26, 2010 to shareholders of record August 12, 2010.

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. Its shares are traded on the NYSE Amex Exchange under the ticker symbol ECF.

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