<SEC-DOCUMENT>0001140361-20-007058.txt : 20200326
<SEC-HEADER>0001140361-20-007058.hdr.sgml : 20200326
<ACCEPTANCE-DATETIME>20200326171138
ACCESSION NUMBER:		0001140361-20-007058
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200326
DATE AS OF CHANGE:		20200326
EFFECTIVENESS DATE:		20200326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELLSWORTH GROWTH & INCOME FUND LTD
		CENTRAL INDEX KEY:			0000793040
		IRS NUMBER:				133345139
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04656
		FILM NUMBER:		20746910

	BUSINESS ADDRESS:	
		STREET 1:		65 MADISON AVENUE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960
		BUSINESS PHONE:		(973) 631-1177

	MAIL ADDRESS:	
		STREET 1:		65 MADISON AVE
		STREET 2:		SUITE 550
		CITY:			MORRISTOWN
		STATE:			NJ
		ZIP:			07960

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELLSWORTH FUND LTD
		DATE OF NAME CHANGE:	20060330

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ELLSWORTH CONVERTIBLE GROWTH & INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>formdefa14a.htm
<DESCRIPTION>DEFA 14A
<TEXT>
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      <div style="text-align: center; color: rgb(35, 31, 32); font-size: 18pt; font-weight: bold;">SCHEDULE 14A INFORMATION</div>
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      <div style="text-align: center; color: rgb(35, 31, 32);">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</div>
      <div style="text-align: center;"><font style="color: rgb(35, 31, 32);">(Amendment No.</font> <font style="color: rgb(35, 31, 32);">)</font></div>
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      <div style="text-indent: -5.9pt; margin-left: 5.9pt; color: #231F20;">Filed by Registrant &#8999;</div>
      <div style="text-indent: -5.9pt; margin-left: 5.9pt; color: #231F20;">Filed by a Party other than the Registrant &#9633;</div>
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      <div style="text-indent: -5.9pt; margin-left: 5.9pt; color: #231F20;">Check the appropriate box:</div>
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                  <div style="color: #231F20;">Preliminary Proxy Statement</div>
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                  <div style="color: #231F20;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
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                  <div style="color: #231F20;">Definitive Proxy Statement</div>
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                  <div style="color: #231F20;">Definitive Additional Materials</div>
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                  <div style="color: #231F20;">Soliciting Material Pursuant to Sec. 240.14a-12</div>
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        <div style="text-align: center; color: rgb(35, 31, 32); font-size: 24pt; font-weight: bold;">Ellsworth Growth and Income Fund Ltd.</div>
        <div style="text-align: center; color: #231F20;">(Name of Registrant as Specified In Its Charter)</div>
        <div><br>
        </div>
        <div style="text-align: center; color: #231F20;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
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        <div style="color: #231F20;">Payment of Filing Fee (Check the appropriate box):</div>
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                    <div style="color: #231F20;">No fee required</div>
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                    <div style="color: #231F20;">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>
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                <div style="color: rgb(35, 31, 32);">1)</div>
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              <td style="width: 93.42%; vertical-align: top;">
                <div style="color: rgb(35, 31, 32);">Title of each class of securities to which transaction applies:</div>
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                <div style="color: rgb(35, 31, 32);">2)</div>
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                <div style="color: rgb(35, 31, 32);">Aggregate number of securities to which transaction applies:</div>
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                <div style="color: rgb(35, 31, 32);">3)</div>
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              <td style="width: 93.42%; vertical-align: top;">
                <div style="color: rgb(35, 31, 32);">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined):</div>
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                <div style="color: rgb(35, 31, 32);">4)</div>
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              <td style="width: 93.42%; vertical-align: top;">
                <div style="color: rgb(35, 31, 32);">Proposed maximum aggregate value of transaction:</div>
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                <div style="color: rgb(35, 31, 32);">5)</div>
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                <div style="color: rgb(35, 31, 32);">Total fee paid:</div>
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                    <div style="color: #231F20;">Fee paid previously with preliminary materials.</div>
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                    <div style="color: #231F20;">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
                      statement number, or the Form or Schedule and the date of its filing.</div>
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                <div style="color: rgb(35, 31, 32);">1)</div>
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                <div style="color: rgb(35, 31, 32);">Amount Previously Paid:</div>
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                <div style="color: rgb(35, 31, 32);">2)</div>
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                <div style="color: rgb(35, 31, 32);">Form, Schedule or Registration Statement No.:</div>
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                <div style="color: rgb(35, 31, 32);">3)</div>
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                <div style="color: rgb(35, 31, 32);">Filing Party:</div>
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                <div style="color: rgb(35, 31, 32);">4)</div>
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                <div style="color: rgb(35, 31, 32);">Date Filed:</div>
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      <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 18pt;">*** Exercise Your <font style="font-style: italic;">Right </font>to Vote ***</div>
      <font style="font-size: 18pt;"> </font>
      <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 14pt;">Important Notice Regarding the Availability of Proxy Materials for the </div>
      <font style="font-size: 14pt;"> </font>
      <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 14pt;">Shareholder Meeting to Be Held on May 11, 2020.</div>
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        <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 14pt;">ELLSWORTH GROWTH AND </div>
        <font style="font-size: 14pt;"> </font>
        <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 14pt;">INCOME FUND LTD.</div>
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          <div style="color: rgb(35, 31, 32); font-style: italic;"> <br>
          </div>
          <div style="color: rgb(35, 31, 32); font-style: italic;"> <font style="font-weight: normal; font-size: 8pt;">GABELLI FUNDS</font></div>
          <font style="font-weight: normal; font-size: 8pt;"> </font>
          <div style="color: rgb(35, 31, 32); font-style: italic; font-weight: normal; font-size: 8pt;">ONE CORPORATE CENTER </div>
          <font style="font-weight: normal; font-size: 8pt;"> </font>
          <div style="color: rgb(35, 31, 32); font-style: italic; font-weight: normal; font-size: 8pt;">RYE, NY 10580-1334</div>
          <font style="font-weight: normal; font-size: 8pt;"> </font></div>
        <font style="font-weight: normal; font-size: 8pt;"> </font>
        <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold;"><font style="font-weight: normal; font-size: 8pt;"> </font><br>
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                <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold;"><u>Meeting Information</u></div>
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              <td style="width: 29.26%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">Meeting Type:</div>
              </td>
              <td style="width: 70.74%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">Annual</div>
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              <td style="width: 29.26%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">For holders as of:</div>
              </td>
              <td style="width: 70.74%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">March 17, 2020</div>
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              <td style="width: 9.03%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">Date:</div>
              </td>
              <td style="width: 25.25%;" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">May 11, 2020</div>
              </td>
              <td style="width: 10.03%;" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">Time:</div>
              </td>
              <td style="width: 55.52%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">8:50 a.m.</div>
              </td>
            </tr>

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        <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

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              <td nowrap="nowrap" style="border-left: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);"><font style="font-weight: bold;">Location:&#160; <br>
                  </font></div>
              </td>
              <td style="border-right: 2px solid rgb(0, 0, 0);" rowspan="1">Westchester Country Club</td>
            </tr>
            <tr>
              <td style="width: 14.21%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 85.95%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">99 Biltmore Avenue</div>
              </td>
            </tr>
            <tr>
              <td style="width: 14.21%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 85.95%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1">
                <div style="text-align: left; color: rgb(35, 31, 32);">Rye, New York 10580</div>
              </td>
            </tr>
            <tr>
              <td style="width: 14.21%; border-left: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 85.95%; border-right: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td colspan="2" style="width: 14.21%; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); font-family: Arial;" rowspan="1">
                <div style="text-align: left; font-family: 'Times New Roman';">Or at such other location or by such remote means as may be noticed to shareholders</div>
              </td>
            </tr>

        </table>
        <div>
          <div style="text-align: justify; color: rgb(35, 31, 32);"> <br>
          </div>
          <div style="text-align: justify; color: rgb(35, 31, 32);">You are receiving this communication because you hold shares in the fund named above.</div>
          <div style="text-align: justify; color: rgb(35, 31, 32);"> <br>
          </div>
          <div style="text-align: justify; color: rgb(35, 31, 32);">This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the
            Internet. You may view the proxy materials online at <font style="font-style: italic;">www.proxyvote.com </font>or easily request a paper copy (see reverse side).</div>
          <div style="text-align: justify; color: rgb(35, 31, 32);"> <br>
          </div>
          <div style="text-align: justify; color: rgb(35, 31, 32);">We encourage you to access and review all of the important information contained in the proxy materials before voting.</div>
          <div style="text-align: justify; color: rgb(35, 31, 32);"> <br>
          </div>
        </div>
        <div>
          <table cellspacing="0" cellpadding="2" border="0" id="za25c84212ee3473fbe4386b1b017ef66" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

              <tr>
                <td style="width: 100%; vertical-align: top; background-color: rgb(35, 31, 32);">
                  <div style="color: rgb(255, 255, 255); font-weight: bold;">See the reverse side of this notice to obtain proxy materials and voting instructions.</div>
                </td>
              </tr>

          </table>
        </div>
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    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zda2a077042c74bdfb9c52704ab55551b">

          <tr>
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            </td>
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        <div style="font-family: Arial;"><font style="font-family: 'Times New Roman';"><br>
          </font> </div>
        <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);">D06294-P35699</font></div>
      </div>
      <div> <br>
      </div>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div>
      <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 18pt;">&#8212; Before You Vote &#8212;</div>
      <div style="text-align: center; color: rgb(35, 31, 32); font-size: 14pt;">How to Access the Proxy Materials</div>
      <div style="text-align: center; color: rgb(35, 31, 32);">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z759a9503c8e246ec8e9c4c2fb7841bea">

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              <td style="width: 1%; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 98%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">Proxy Materials Available to VIEW or RECEIVE:</div>
                <div style="text-align: left; color: rgb(35, 31, 32);">NOTICE AND PROXY STATEMENT</div>
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">How to View Online:</div>
                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">
                  <div style="color: rgb(35, 31, 32); font-weight: normal;">Have the information that is printed in the box marked by the arrow <font style="font-size: 8pt;"><img src="image_arrow.jpg"> </font>(located on the following page) and visit:
                    <font style="font-style: italic;">www.proxyvote.com.</font></div>
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                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">
                  <div style="color: rgb(35, 31, 32); font-weight: bold; font-style: normal;">How to Request and Receive a PAPER or E-MAIL Copy:</div>
                  <div style="color: rgb(35, 31, 32); font-weight: normal;">If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make
                    your request:</div>
                  <div style="color: rgb(35, 31, 32); font-weight: normal; margin-left: 90pt;">1) <font style="font-style: italic;">BY INTERNET</font><font style="font-style: normal;">:</font>&#160;&#160;&#160;&#160;&#160;&#160; www.proxyvote.com</div>
                  <div style="color: rgb(35, 31, 32); font-weight: normal; margin-left: 90pt;">2) <font style="font-style: italic;">BY TELEPHONE<font style="font-style: normal;">:&#160;&#160; 1-800-579-1639</font></font><br>
                  </div>
                  <div style="color: rgb(35, 31, 32); font-weight: normal; margin-left: 90pt;">3) <font style="font-style: italic;">BY E-MAIL</font><font style="font-style: italic;"><font style="font-style: italic;">*</font><font style="font-style: normal;"><font style="font-style: italic;">:&#160;&#160;&#160;&#160;</font>&#160; &#160;&#160; &#160; sendmaterial@proxyvote.com</font><br>
                    </font></div>
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                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">
                  <div style="color: rgb(35, 31, 32); font-weight: normal;">
                    <div style="color: #231F20;">* If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the by the arrow <font style="font-size: 8pt;"><img src="image_arrow.jpg"> </font><font style="font-size: 8pt;"> </font>(located on the following page) in the subject line.<br>
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                <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">
                  <div style="color: rgb(35, 31, 32); font-weight: normal; font-style: normal;">Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed
                    above on or before April 27, 2020 to facilitate</div>
                </div>
              </td>
              <td style="width: 1%; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);"><br>
              </td>
            </tr>

        </table>
        <div style="text-align: left;"> <br>
        </div>
        <div style="text-align: left;">
          <div style="text-align: center; color: rgb(35, 31, 32); font-weight: bold; font-size: 18pt;">&#8212; How To Vote &#8212;</div>
          <div style="text-align: center; color: rgb(35, 31, 32); font-size: 18pt; font-weight: bold;"> <font style="font-size: 14pt; font-weight: normal;">Please Choose One of the Following Voting Methods</font></div>
        </div>
        <div style="text-align: left;">
          <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z22fb62f035a94647982be59e998f9967">

              <tr>
                <td style="width: 1%; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);"><br>
                </td>
                <td style="width: 98%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; color: rgb(35, 31, 32);"><font style="font-weight: bold;">Vote In Person: </font>Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance
                    ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these shares.</div>
                  <div style="text-align: justify; color: rgb(35, 31, 32);"><font style="font-weight: bold;">Vote By Internet: </font>To vote now by Internet, go to <font style="font-style: italic;">www.proxyvote.com.</font><font style="font-style: italic;">&#160;</font>Have the information that is printed in the box marked by the arrow <img src="image_arrow.jpg"><font style="font-size: 8pt;"> </font>(located on the following page) available and follow the instructions.</div>
                  <div style="text-align: justify; color: rgb(35, 31, 32);"><font style="font-weight: bold;">Vote By Mail: </font>You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.</div>
                </td>
                <td style="width: 1%; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                  <div>&#160;</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="color: rgb(35, 31, 32);"> <br>
      </div>
      <div style="color: rgb(35, 31, 32);">
        <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);">D06295-P35699</font></div>
        <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);"> <br>
          </font></div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z8fef12dbb12e41f792306d0308a69337">

          <tr>
            <td style="width: 100.00%;">
              <div style="text-align: left; margin-left: 1pt; font-size: 8pt; font-weight: bold;">ELLSWORTH GROWTH AND INCOME FUND LTD.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100%; font-weight: bold;">COMMON SHAREHOLDER</td>
          </tr>

      </table>
    </div>
  </div>
  <div>
    <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z04218b935e824c23967a3d37e9c46403">

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            <td style="width: 2%; text-align: left; vertical-align: top;"><img src="image_a.jpg"></td>
            <td style="width: 1%; text-align: left; vertical-align: top;" colspan="1"><br>
            </td>
            <td style="width: 95%;">
              <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">Election of Trustees &#8212; The Board of Trustees </div>
              <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">recommends a vote <u>FOR</u> each of the nominees </div>
              <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold;">listed.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="font-size: 8pt; font-weight: bold;"><br>
    </div>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze035392bba44425a8e1d04ec8496e709" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt; vertical-align: top; color: rgb(35, 31, 32);">1.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">To elect three (3) Trustees of the Fund:</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div>&#160;</div>
  <div style="margin-left: 27pt; color: rgb(35, 31, 32); font-weight: bold;">Nominees:</div>
  <div>
    <div>
      <div>
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z4e621d312c774553b67b6059aefbe354" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="width: 27pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt;">
                <div>01)</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>Kinchen C. Bizzell</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="zb1ba372957854b77b80a0997f87f7ebf" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="width: 27pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt;">
                <div><font style="color: rgb(35, 31, 32);">0</font><font style="color: rgb(35, 31, 32);">2)</font></div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div>James P. Conn</div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <div>
          <div>
            <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z20c99b05847e47ee87f60b00a92b797f" class="DSPFListTable">

                <tr style="vertical-align: top;">
                  <td style="width: 27pt;">&#160;</td>
                  <td style="vertical-align: top; width: 18pt;">
                    <div><font style="color: rgb(35, 31, 32);">0</font><font style="color: rgb(35, 31, 32);">3)</font></div>
                  </td>
                  <td style="align: left; vertical-align: top; width: auto;">
                    <div>Frank J. Fahrenkopf, Jr.</div>
                  </td>
                </tr>

            </table>
            <div> <br>
            </div>
            <div> <br>
            </div>
            <div> <br>
            </div>
            <div> <br>
            </div>
            <div> <br>
            </div>
          </div>
        </div>
      </div>
    </div>
  </div>
  <div>
    <div> </div>
  </div>
  <div>
    <div> </div>
  </div>
  <br>
  <br>
  <div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zd196ee8f71f24db49eba2ef00c5742ef">

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          <td style="width: 40%; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold; margin-left: 18pt;">Please refer to the proxy materials for more detailed information on the above voting item.</div>
          </td>
          <td style="width: 60%; padding-bottom: 2px;"><br>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);">D06296-P35699</font></div>
      <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);"> <br>
        </font></div>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zde03918c576c438797ac503dfdac7a3f">

          <tr>
            <td style="width: 100.00%;">
              <div style="text-align: left; margin-left: 1pt; font-weight: bold;">ELLSWORTH GROWTH AND INCOME FUND LTD.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 100.00%;">
              <div style="text-align: left; font-weight: bold;">SERIES A PREFERRED SHAREHOLDER</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="za0ce7caf2c784d0b924da4ca70ed2595">

      <tr>
        <td style="width: 2%; text-align: left; vertical-align: top;"><img src="image_a.jpg"></td>
        <td style="width: 1%;" colspan="1">&#160;</td>
        <td style="width: 95%;">
          <div style="text-align: justify; color: rgb(35, 31, 32); font-weight: bold;">Election of Trustees &#8212; The Board of Trustees </div>
          <div style="text-align: justify; color: rgb(35, 31, 32); font-weight: bold;">recommends a vote <u>FOR</u> each of the nominees </div>
          <div style="text-align: justify; color: rgb(35, 31, 32); font-weight: bold;">listed.</div>
        </td>
      </tr>

  </table>
  <br>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zdb699029e608430f8ea314f5ef565796" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt; vertical-align: top; color: rgb(35, 31, 32);">1.</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">To elect four (4) Trustees of the Fund:</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="margin-left: 18pt; color: #231F20; font-weight: bold;"> <br>
  </div>
  <div style="margin-left: 27pt; color: rgb(35, 31, 32); font-weight: bold;">Nominees:</div>
  <div style="margin-left: 18pt; color: #231F20; font-weight: bold;"> <br>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z2b8efffa7ebc44639d613148dab6ca67" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top; color: rgb(35, 31, 32);">01)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">Kinchen C. Bizzell</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z721133e1fd284bf3b0600a99a43cb658" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;"><font style="color: rgb(35, 31, 32);">0</font><font style="color: rgb(35, 31, 32);">2)</font></td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">James P. Conn</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4ecb1d0b978f412cb0664c5d507aef5c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;"><font style="color: rgb(35, 31, 32);">0</font><font style="color: rgb(35, 31, 32);">3)</font></td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">Frank J. Fahrenkopf, Jr.</div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z67195349c39e4ad6a8ae9c814b40b102" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 18pt; vertical-align: top;"><font style="color: rgb(35, 31, 32);">0</font><font style="color: rgb(35, 31, 32);">4)</font></td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(35, 31, 32);">Michael J. Melarkey</div>
            </td>
          </tr>

      </table>
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            <div style="text-align: left; color: rgb(35, 31, 32); font-weight: bold; margin-left: 18pt;">Please refer to the proxy materials for more detailed information on the above voting item.</div>
          </td>
          <td style="width: 60%; padding-bottom: 2px;"><br>
          </td>
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      <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);">D06296-P35699</font></div>
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        <div style="text-align: justify;"><font style="color: rgb(33, 29, 30);">D06297-P35699</font></div>
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