Saba Capital buys $175k in Ellsworth Growth & Income Fund (ECF)

Saba Capital Management, L.P., a 10% owner and director of Ellsworth Growth & Income Fund Ltd (ECF), made a strategic move by purchasing 14,600 additional shares of the company's common stock on October 12, 2026. The acquisition was executed at a price of $12.03 per share, resulting in a total investment of $175,638. This purchase price reflected a slight premium over the current market price of $11.72, with ECF boasting a market capitalization of $160 million and a relatively low P/E ratio of 3.87.

InvestingPro data highlights ECF's appeal to income-focused investors, with an attractive dividend yield of 7.33%. The fund has maintained consistent dividend payments for an impressive 41 consecutive years. Furthermore, Saba Capital Management, L.P.'s acquisition brings their indirect beneficial ownership of Ellsworth Growth & Income Fund Ltd common stock to a total of 1,688,547 shares. This article was AI-generated and reviewed by an editor, providing investors with valuable insights into the income-focused fund.