Form 4: Saba Capital Management Increases Stake in Ellsworth Growth & Income Fund

Saba Capital Management, a 10% owner and director of Ellsworth Growth & Income Fund, reports acquiring additional shares of common stock.

Summary

• On May 5, 2025, Saba Capital Management, L.P. acquired 9,751 shares of common stock in Ellsworth Growth & Income Fund Ltd.
• The shares were purchased at a price of $9.23 per share.
• Following the transaction, Saba Capital Management's beneficial ownership in Ellsworth Growth & Income Fund increased to 1,608,789 shares.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock acquisition. The sentiment is neutral, with a slight positive leaning due to increased investment.

Positives

• Saba Capital Management's increased investment could be interpreted as a positive signal regarding their confidence in the future performance of Ellsworth Growth & Income Fund.

Industry Context

Hedge funds and investment firms frequently adjust their holdings in publicly traded companies. These changes are disclosed through SEC filings like Form 4, providing transparency to the market.

Stakeholder Impact

• The increased stake by Saba Capital Management could positively influence shareholder sentiment.

Key Dates

Keywords

Saba Capital Management, Ellsworth Growth & Income Fund, Beneficial Ownership, Form 4, Stock Acquisition