Saba Capital Management Buys 8031 Shares in Ellsworth Growth & Income Fund

The Ellsworth Growth & Income Fund Limited [ECF] has announced that Saba Capital Management, L.P., a 10% owner, has recently acquired 8,031 shares at a price of $10.69 per share on August 19, 2025.

Ellsworth Growth & Income Fund Ltd (ECF) has disclosed that Saba Capital Management, L.P., a 10% owner, recently acquired 8,031 shares at $10.69 per share on August 19, 2025. The purchase was reported in a Form 4 filing, which was signed and dated on August 21, 2025 [1].

The transaction, which was indirect, increased the total beneficial ownership reported by Saba to 1,635,252 shares. The Form 4 filing provides detailed information about the purchase, including the transaction date, the number of shares acquired, the price per share, and the post-transaction beneficial ownership. The filing also includes the names and addresses of the reporting persons, their relationship to the issuer, and the transaction code.

The purchase appears to be a routine incremental buy rather than a block acquisition or a change in control. For investors, the filing confirms continued insider/affiliate accumulation but does not, by itself, provide evidence of a material strategic shift or significant corporate event. The Form 4 meets Section 16 reporting standards and provides transparency on insider trading activity without revealing any change in board composition or control.

References:
[1] https://www.stocktitan.net/sec-filings/ECF/form-4-ellsworth-growth-and-income-fund-ltd-insider-trading-activity-a2cbb54d5527.html