{
  "id": 14534760,
  "title": "Saba Capital buys $175k in Ellsworth Growth & Income Fund (ECF)",
  "url": "https://urgent.news/2026/10/14/saba-capital-buys-175k-in-ellsworth-growth-income-fund-ecf",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T20:45:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/saba-capital-buys-175k-in-ellsworth-growth--income-fund-ecf-93CH-4950049"
  },
  "original_language": "en",
  "account": "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.\n\nInvestingPro 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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}