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 Ltd (ECF), acquired 1,200 shares on August 28, 2026 at $12.47 per share for a total cost of $14,964. The filing (Form 4) shows this as a purchase (transaction code P), i.e., an outright acquisition rather than a sale.

Key Details

• Transaction date: 2026-08-28; Price: $12.47 per share; Shares acquired: 1,200; Total value: $14,964.
• Transaction type: Open-market or private purchase (code P).
• Filing date: 2026-09-01 (Form 4). Given the Aug 28 trade date and the weekend between, the Sep 1 filing appears to be within the two business-day reporting window for Section 16 filers.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• No footnotes (e.g., 10b5-1 plan, tax withholding, or gift) were indicated in the summary data provided.

Context
This was an institutional purchase by a reported 10% owner, not an executive or director trade. Purchases by large holders can signal accumulation, but the dollar amount here (~$15k) is relatively small compared with typical institutional positions, so interpret accordingly. As always, filings state actions taken but do not provide the purchaser’s rationale.