Ellsworth Growth & Income (ECF) 10% Owner Saba Capital Buys Shares

What Happened
Saba Capital Management, L.P., reported as a 10% owner of Ellsworth Growth & Income Fund (ECF), made a purchase of 3,900 shares on 2026-08-27 at $12.49 per share, for a total transaction value of $48,711. The filing records the trade as a purchase (transaction code "P"), which is a buy rather than a sale.

Key Details

• Transaction date and price: 2026-08-27 — 3,900 shares at $12.49 each.
• Total value: $48,711.
• Transaction type/code: P = Purchase (open market or private purchase as reported).
• Filing date: 2026-08-28 (filed the next day; within normal Form 4 timing).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes/plan details: the filing does not list any 10b5-1 plan, tax withholding, or special footnotes.

Context
This purchase was made by an institutional 10% owner (Saba Capital), not by a company executive—such trades can reflect portfolio adjustments by the firm rather than direct management insight into the company. Purchases are often watched by investors as potentially more informative than routine insider sales, but the filing provides no explanation of intent.