The Board of Trustees of Ellsworth Growth and Income Fund Ltd. reaffirmed its 5% distribution policy and declared a $0.11 per share cash distribution payable on February 21, 2018 to common shareholders of record on February 13, 2018. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. Under the Fund’s current distribution policy, the Fund intends to pay a minimum annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies.