Ellsworth Fund Ltd. (the Fund) is a diversified, closed-end management investment company. The Fund invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation. The Fund invests in various industries, including aerospace and defense, automotive, computer hardware, computer software, construction material, consumer goods, data processing, energy, financial services, foods, healthcare, machinery, media and entertainment, metals and mining, pharmaceuticals, real estate and semiconductors. Dinsmore Capital Management Co. is the Fund�s investment adviser.