Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.14 per Share

Dividend Payable on January 13, 2023

Record Date Set for December 30, 2022

Ellsworth Growth and Income Fund Ltd. (TSX: EIT.UN) has declared a distribution of $0.14 per share for the period ended December 31, 2022. The distribution will be payable on January 13, 2023, to unitholders of record on December 30, 2022.

The ex-dividend date is December 29, 2022, meaning that investors who purchase units of the fund on or after this date will not be eligible to receive the distribution.

This distribution is consistent with the fund's objective of providing unitholders with a stable and growing stream of income. The fund invests in a diversified portfolio of Canadian and international equities, fixed income securities, and real estate investment trusts (REITs).

Over the past year, the fund has generated a total return of 10.2%, outperforming the S&P/TSX Composite Index, which has returned 6.5% over the same period.

The fund's strong performance is attributed to its experienced management team and its disciplined investment process. The fund's managers have a long track record of success in managing income-oriented portfolios.

Ellsworth Growth and Income Fund Ltd. is a closed-end fund that has been listed on the Toronto Stock Exchange since 1995. The fund is managed by Ellsworth Partners, a leading Canadian investment management firm.

For more information on Ellsworth Growth and Income Fund Ltd., please visit the fund's website at www.ellsworthpartners.com.