Saba Capital Management, L.P. has recently increased its stake in Ellsworth Growth & Income Fund Ltd by acquiring 1,050 shares. This transaction, filed with the SEC on October 29, 2026, is significant as it demonstrates Saba’s ongoing commitment to expanding its investment in the fund management industry.

According to the SEC filing, the shares were purchased at a price of $11.75 each on October 28, 2026. Following this acquisition, Saba Capital now holds a total of 1,796,523 shares in Ellsworth Growth & Income Fund Ltd. This move may signal Saba's confidence in the fund's future performance and its strategy to capitalize on potential growth opportunities.

Background

Saba Capital Management, L.P. is a prominent investment management firm based in New York, specializing in various investment strategies. The firm is known for its focus on event-driven investing and has made a name for itself in the financial services sector. The firm operates under the Central Index Key (CIK) 0001510281, and its recent filings include several Form 4 submissions, indicating active trading activity.

What the Filing Says

The SEC filing, accession number 0001510281-26-000389, details that Saba acquired 1,050 shares of common stock in Ellsworth Growth & Income Fund Ltd. The filing states, "The securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager." This indicates that the acquisition is part of a broader investment strategy managed by Saba.

Impact

This acquisition may affect various stakeholders, including current shareholders of Ellsworth Growth & Income Fund Ltd, as Saba's increased ownership could influence the fund's governance and strategic direction. The move also highlights the competitive landscape in the investment management sector, where firms like Saba are continually seeking to enhance their portfolios.

What's Next

The filing does not say what happens next regarding Saba's investment strategy or any potential future transactions related to Ellsworth Growth & Income Fund Ltd.