Ellsworth Fund Ltd. Announces Earnings and Financial Update

MORRISTOWN, NJ--(Marketwired - Jul 25, 2014) - Ellsworth Fund Ltd. (NYSE MKT: ECF) today reported earnings, financial highlights and certain portfolio information for the nine months ended June 30, 2014:

EARNINGS REPORT			Nine Months Ended
			June 30
			2014			2013
Net Income			$1,492,000			$1,901,000
	Per Share		$0.11			$0.14
Shares Outstanding			13,140,692			13,507,882
Total Net Assets			$138,330,000			$122,455,000
Net Asset Value Per Share			$10.53			$9.07
FUND STATISTICS
Market price			$8.83
Net asset value (NAV)			$10.53
Premium/(Discount)			(16.14	)%
Total Net Assets			$138,330,000
12-Month income distribution			$0.240
Yield on market price			2.7	%
Ratio of expenses (annualized)			1.1	%
Ratio of net income (annualized)			1.5	%
Portfolio turnover			42	%
Shares outstanding			13,140,692
TOP TEN HOLDINGS
	by underlying common stock
			% of Net Assets
Gilead Sciences, Inc.			2.4
United Technologies Corp.			1.9
AT&T Inc.			1.8
Iconix Brand Group, Inc.			1.8
ConocoPhillips			1.7
NextEra Energy, Inc.			1.7
Intel Corp.			1.6
Micron Technology, Inc.			1.6
Illumina, Inc.			1.5
The Priceline Group Inc.			1.5
Sector Weightings
			% of Net Assets
Consumer Discretionary			9.7
Consumer Staples			4.7
Energy			7.2
Financials			19.4
Health Care			16.7
Industrials			7.7
Information Technology			22.7
Materials			2.0
Telecommunication Services			6.4
Utilities			2.8
ASSET ALLOCATION
			% of Net Assets
Convertible Bonds & Notes			53.6
Convertible Preferred Stock			10.0
Mandatory Convertible Securities			9.5
Common Stock			26.1
Cash & Equivalents			0.8

Data is unaudited and as of June 30, 2014. This selected information should be read in 
conjunction with the financial statements and notes included in the Company's 
Semi-Annual Report to Shareholders for the six months ended March 31, 2014. 

Detailed portfolio information is available on our website (www.ellsworthfund.com). 
Contact us by email at [e-mail] or call us at [phone]. 

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 MKT LLC under the ticker symbol ECF. 

Cusip 289074106 

For further information please contact:
Gary I. Levine
Chief Financial Officer
Ph. [phone]
Fax [phone]
[e-mail]
www.ellsworthfund.com