Ellsworth Fund Ltd. Declares Quarterly Dividend

MORRISTOWN, NJ — (Marketwired) — 07/19/13 — The Board of Trustees of Ellsworth Fund Ltd. (NYSE MKT: ECF) today declared the Fund-s one hundred and eighth quarterly dividend.

The 6 cents ($0.06) per share dividend is payable from net investment income on August 29, 2013 to shareholders of record August 15, 2013.

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 Exchange under the ticker symbol ECF.

CUSIP# 289 074 106

For further information please contact:

Gary I. Levine
Chief Financial Officer
Ph. (973) 631-1177
Fax (973) 631-9893

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