Ellsworth Growth & Income Fund Ltd has disclosed a significant update regarding its shareholder structure. In a recent filing, Wells Fargo & Company reported that it holds a 1.9% stake in the fund, amounting to 257,820 shares. This information is crucial as it reflects the ongoing investment strategies and market positioning of both entities.

Background

Ellsworth Growth & Income Fund Ltd operates under the ticker symbols ECF and ECF-PA on the NYSE. The company is known for its focus on growth and income investments. The recent filing, dated October 29, 2026, is part of a series of disclosures aimed at keeping investors informed about significant ownership changes.

What the Filing Says

The filing, categorized as a Schedule 13G/A, indicates that Wells Fargo has beneficial ownership of 257,820 shares, representing 1.9% of the total shares. The filing states, "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired for the purpose of changing control of the issuer." This suggests that Wells Fargo's investment is part of its broader financial strategies rather than an attempt to influence the fund's management.

Impact

This update may influence various stakeholders, including current investors in Ellsworth Growth & Income Fund Ltd and potential investors considering entry into the market. The presence of a major financial institution like Wells Fargo as a shareholder could enhance the fund's credibility and attract further investments.

What's Next

The filing does not say what happens next.