Saba Capital Management, L.P. - identified in regulatory filings as holding about 10% of Ellsworth Growth & Income Fund Ltd (NYSE: ECF) - announced the sale of 34,042 shares of the fund's common stock in two separate transactions conducted on February 5 and February 6, 2026. The combined proceeds from those trades were $407,349, with execution prices spanning $11.95 to $12.02 per share.
On February 5, Saba Capital sold 7,824 shares at $12.02 per share. After that trade, the firm's reported stake fell to 1,672,796 shares. The following day, February 6, the firm completed an additional sale of 26,218 shares at $11.95 per share, which reduced its holdings to 1,646,578 shares.
The filings do not provide commentary on the motivation for the transactions or whether they reflect a broader shift in Saba Capital's position. The paperwork shows only the quantities, dates, prices, and the resulting change in post-transaction holdings.
Ellsworth Growth & Income Fund retains attributes that commonly attract income-focused investors. The fund currently offers a 13.9% dividend yield and has a record of paying dividends for 40 consecutive years. Additional metrics included in the filing highlight a price-to-earnings ratio of 3.51 and a financial health assessment rated as "GREAT." The filing notes these characteristics alongside the reporting of Saba's sales.
In aggregate, the two trades generated $407,349 for Saba Capital and left it with 1,646,578 shares. The numerical details in the disclosure are specific: 7,824 shares sold on February 5 at $12.02, followed by 26,218 shares on February 6 at $11.95, for a total of 34,042 shares sold. Prices on the two days ranged from $11.95 to $12.02.
Beyond the transaction totals and share counts, the filing does not supply information about any subsequent actions by Saba Capital or by other large holders. The document also does not state whether the fund plans any change to its dividend policy or capital structure in response to the reported trades.
Context note: The facts above are taken from the regulatory report on the sales and from the fund's reported metrics. Where the filing is silent - for example on the reasons for the sale or future intentions - that absence of information is reflected here rather than inferred.