Form 4: Mario Gabelli Reduces Holdings in Ellsworth Growth & Income Fund
SEC Form 4 Filing
Mario Gabelli, a director and control person of the adviser for Ellsworth Growth & Income Fund, surrendered 100,000 Series B Cumulative Preferred Shares back to the fund on June 26, 2024.
Summary
- On June 26, 2024, Mario J. Gabelli surrendered 100,000 Series B Cumulative Preferred Shares of Ellsworth Growth & Income Fund.
- The shares were surrendered in accordance with the Right to Put to the Fund.
- The shares were surrendered at a price of $10 per share.
- Following the transaction, Mr. Gabelli directly owns 240,000 shares and indirectly owns 225,000 shares through GPJ Retirement Partners, LLC and Associated Capital Group, Inc.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the holdings of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, depending on the overall market perception of insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of transaction: Mario J. Gabelli surrendered 100,000 Series B Cumulative Preferred Shares. |
| 06/28/2024 | Date of Form 4 filing. |
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