<SEC-DOCUMENT>0001140361-20-010556.txt : 20200504
<SEC-HEADER>0001140361-20-010556.hdr.sgml : 20200504
<ACCEPTANCE-DATETIME>20200504114543
ACCESSION NUMBER:		0001140361-20-010556
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200504
DATE AS OF CHANGE:		20200504
EFFECTIVENESS DATE:		20200504

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:		20843526

	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>
              <div><br>
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              <div style="color: rgb(35, 31, 32); text-indent: -5.9pt; margin-left: 5.9pt;">Filed by Registrant &#9746;</div>
              <div style="color: rgb(35, 31, 32); text-indent: -5.9pt; margin-left: 5.9pt;">Filed by a Party other than the Registrant &#9744;</div>
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              <div style="color: rgb(35, 31, 32); text-indent: -5.9pt; margin-left: 5.9pt;">Check the appropriate box:</div>
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                        <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
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                          <div style="color: rgb(35, 31, 32);">Preliminary Proxy Statement</div>
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                        <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
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                          <div style="color: rgb(35, 31, 32);">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
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                        <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
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                          <div style="color: rgb(35, 31, 32);">Definitive Proxy Statement</div>
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                        <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9746;</td>
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                          <div style="color: rgb(35, 31, 32);">Definitive Additional Materials</div>
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                        <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
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                          <div style="color: rgb(35, 31, 32);">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: rgb(35, 31, 32);">(Name of Registrant as Specified In Its Charter)</div>
                <div><br>
                </div>
                <div style="text-align: center; color: rgb(35, 31, 32);">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
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                <div style="color: rgb(35, 31, 32);">Payment of Filing Fee (Check the appropriate box):</div>
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                          <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9746;</td>
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                            <div style="color: rgb(35, 31, 32);">No fee required</div>
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                    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z3f4df8e3ff234334ae7f453b02b54722" style="width: 100%; text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">

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                          <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="color: rgb(35, 31, 32);">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>
                      </td>
                      <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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                      <td style="width: 4.02%; padding-bottom: 2px; vertical-align: top;"><br>
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                        <div style="color: rgb(35, 31, 32);">2)</div>
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                      <td style="width: 93.42%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">Aggregate number of securities to which transaction applies:</div>
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                      <td style="width: 4.02%; padding-bottom: 2px; vertical-align: top;"><br>
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                      <td style="width: 4.02%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">3)</div>
                      </td>
                      <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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                      <td style="width: 2.56%; padding-bottom: 2px; vertical-align: top;"><br>
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                      <td style="width: 4.02%; padding-bottom: 2px; vertical-align: top;"><br>
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                      <td style="width: 4.02%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">4)</div>
                      </td>
                      <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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                      <td style="width: 4.02%; padding-bottom: 2px; vertical-align: top;"><br>
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                        <div style="color: rgb(35, 31, 32);">5)</div>
                      </td>
                      <td style="width: 93.42%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">Total fee paid:</div>
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                            <div style="color: rgb(35, 31, 32);">Fee paid previously with preliminary materials.</div>
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                          <td style="width: 18pt; color: rgb(35, 31, 32); vertical-align: top; align: right;">&#9744;</td>
                          <td style="width: auto; vertical-align: top;">
                            <div style="color: rgb(35, 31, 32);">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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                      <td style="width: 93.42%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">Amount Previously Paid:</div>
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                      <td style="width: 4.48%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">2)</div>
                      </td>
                      <td style="width: 93.42%; vertical-align: top;">
                        <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>
                      </td>
                      <td style="width: 93.42%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">Filing Party:</div>
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                      <td style="width: 4.48%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">4)</div>
                      </td>
                      <td style="width: 93.42%; vertical-align: top;">
                        <div style="color: rgb(35, 31, 32);">Date Filed:</div>
                      </td>
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                      <td style="width: 4.48%; padding-bottom: 2px; vertical-align: top;"><br>
                      </td>
                      <td style="width: 93.42%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 2px; border-bottom-style: solid;"><br>
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              <div>
                <div style="text-align: left;"><img src="image01.jpg"></div>
              </div>
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            <td style="width: 15%;">
              <div style="text-align: left; color: rgb(0, 0, 0);">One Corporate Center<br>
                Rye, NY 10580-1422</div>
              <div style="text-align: left; color: rgb(0, 0, 0);"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 174, 239); font-style: normal; font-variant: normal; text-transform: none;">t</font> 914.921.5070</div>
              <div style="text-align: left; color: rgb(0, 174, 239); background-color: rgb(255, 255, 255); font-weight: normal; font-style: normal; font-variant: normal; text-transform: none;">GABELLI.COM</div>
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    <div style="color: #000000; font-size: 8pt;"> <font style="font-size: 10pt;"><br>
      </font></div>
    <div style="font-variant: small-caps; font-weight: bold;">Press Release</div>
    <div>For Immediate Release</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #262626; font-weight: bold;"><font style="background-color: #FFFFFF;">GABELLI FUNDS, LLC ANNOUNCES CHANGE TO VIRTUAL MEETINGS FOR</font></div>
    <div style="text-align: center; color: #262626; font-weight: bold;"><font style="background-color: #FFFFFF;">CLOSED-END FUNDS ANNUAL MEETINGS ON MAY 11, 2020</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">The following notice relates to the Annual Meetings of:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zea9862b190d64c3eb6f266bb00931d92">

        <tr>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Bancroft Fund Ltd.</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Equity Trust Inc.</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">Ellsworth Growth and Income Fund Ltd.</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Global Utility &amp; Income Trust</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">GAMCO Global Gold, Natural Resources &amp; Income Trust</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Go Anywhere Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">GAMCO Natural Resources, Gold &amp; Income Trust</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Healthcare &amp; Wellness<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">Rx</sup> Trust</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Convertible &amp; Income Securities Fund</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Multimedia Trust Inc.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Dividend &amp; Income Trust</div>
          </td>
          <td style="width: 50%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
            <div style="text-align: center; font-weight: bold;">The Gabelli Utility Trust</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="background-color: #FEFEFE; font-weight: bold;">RYE, N.Y.</font> &#8211; May 1, 2020 &#8211; <font style="background-color: rgb(254, 254, 254);">Gabelli Funds, LLC</font> announces that, due to the public health
      impact of the COVID-19 pandemic and to support the health and well-being of its Funds&#8217; shareholders and stockholders, employees, and trustees and directors, as well as their families and communities, it will host the originally planned in-person 2020
      Annual Meetings of Shareholders and Stockholders (the &#8220;Annual Meetings&#8221;) at the Westchester Country Club, as virtual meetings.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The date and the times of the Annual Meetings have not changed. Individuals will not be able to attend the Annual Meetings in person.&#160; Shareholders of a Fund as of the close of business on March 17, 2020, the Record
      Date for the Annual Meetings, with a control number, will have the opportunity to participate in the vote during the virtual meeting.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">As described in the previously-distributed proxy materials for the Annual Meetings (the &#8220;Proxy Materials&#8221;), shareholders and stockholders of record on Record Date will be entitled to receive notice of, and to
      participate in and vote at, the Annual Meetings.&#160; To participate in the Annual Meetings, shareholders and stockholders must register in advance by submitting the required information (described below) to Broadridge Financial Solutions Inc.
      (&#8220;Broadridge&#8221;), the Funds&#8217; proxy tabulator, at <u>https://viewproxy.com/GabelliFunds/broadridgevsm/</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">If shares are registered directly with a Fund in the shareholder&#8217;s or stockholder&#8217;s name, to register to participate in the Annual Meetings, the shareholder or stockholder must enter the control number found on the
      proxy card included in the proxy materials.&#160; If shares are held by a broker, bank, or other nominee and the shareholder or stockholder wishes to vote at the Annual Meeting, the shareholder or stockholder must first obtain a &#8220;legal proxy&#8221; from the
      applicable nominee/record holder, who will then provide a newly-issued control number to be submitted when registering for the Annual Meeting.&#160; If shares are held by a broker, bank, or other nominee and the shareholder or stockholder wishes to
      attend, but does not wish to vote at the Annual Meetings, the shareholder or stockholder may call (914) 921-5070 for further information to attend the Annual Meetings.&#160; Requests for registration must be received no later than 5:00 p.m., Eastern Time,
      on May 8, 2020. Shareholders and stockholders will receive an email confirming their registration and providing instructions for participating in the Annual Meetings.</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="font-style: italic;">
      <div style="text-align: justify; font-style: normal;">Shareholders and stockholders are encouraged to vote in advance of the Annual Meetings either through the internet, by telephone or, if paper copies of proxy materials were requested, by returning
        the completed proxy card. Any questions for the Annual Meetings can be submitted in advance when registering online or at the meeting.</div>
      <div style="text-align: justify; font-style: normal;"> <br>
      </div>
      Investors should consider the Funds&#8217; investment objectives, risks, charges, and expenses carefully before investing.</div>
    <div>&#160;</div>
    <div style="text-align: center; color: #000000; font-style: italic;"># # #</div>
    <div>&#160;</div>
    <div style="text-align: justify;">The Funds are managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">About GAMCO Investors, Inc.</div>
    <div>&#160;</div>
    <div style="text-align: justify;">GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC). As of March 31, 2020, GAMCO Investors had $27.5
      billion in assets under management.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Investor Contact</div>
    <div>&#160;</div>
    <div>John Ball at (914) 921-7728 or jball@gabelli.com</div>
    <div> <br>
    </div>
    <div> <br>
    </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>
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