Mario J. Gabelli - Jun 26, 2023 Form 4 Insider Report for ELLSWORTH GROWTH & INCOME FUND LTD (ECF)

Role
Director, Control Person of Adviser
Signature
Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli
Stock symbol
ECF
Transactions as of
Jun 26, 2023
Transactions value $
-$250,000
Form type
4
Date filed
6/29/2023, 07:39 PM
Previous filing
Jun 22, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECF Series B Cumulative Preferred Shares Other -$250K -25K -16.67% $10.00 125K Jun 26, 2023 Associated Capital Group, Inc. F1, F2
transaction ECF Series B Cumulative Preferred Shares Other $1.5M +150K $10.00 0 Jun 26, 2023 GGCP, Inc. F1, F3
transaction ECF Series B Cumulative Preferred Shares Other -$500K -50K -25% $10.00 150K Jun 26, 2023 GPJ Retirement Partners F4
transaction ECF Series B Cumulative Preferred Shares Other -$1M -100K -100% $10.00 0 Jun 26, 2023 MJG Associates F1, F5
holding ECF Series B Cumulative Preferred Shares 290K Jun 26, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were surrendered in accordance with Right to Put to the Fund up to 100% of Outstanding Series B Cumulative Preferred Shares
F2 The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F3 The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
F4 The shares reported reflect the total shares owned by GPJ Retirement Partners, LLC, a limited liability company. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.
F5 MJG Associates provides advisory services to private investment partnerships and offshore funds. Mario Gabelli is the sole shareholder, director and employee of MJG Associates. Mr. Gabelli disclaims beneficial ownership of the shares held which are in excess of his indirect pecuniary interest.