0000793040 2025-10-01 2026-03-31 0000793040 ecf:CumulativePreferredSharesMember 2026-03-31 2026-03-31 0000793040 us-gaap:CommonStockMember 2026-03-31 2026-03-31 0000793040 us-gaap:CommonStockMember 2026-03-31 0000793040 ecf:SeriesACumulativePreferredSharesMember 2026-03-31 0000793040 ecf:SeriesACumulativePreferredSharesMember 2025-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2024-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2023-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2022-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2021-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2025-10-01 2026-03-31 0000793040 ecf:SeriesACumulativePreferredSharesMember 2024-10-01 2025-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2023-10-01 2024-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2022-10-01 2023-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2021-10-01 2022-09-30 0000793040 ecf:SeriesACumulativePreferredSharesMember 2020-10-01 2021-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2026-03-31 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2025-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2024-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2023-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2022-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2021-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2025-10-01 2026-03-31 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2024-10-01 2025-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2023-10-01 2024-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2022-10-01 2023-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2021-10-01 2022-09-30 0000793040 ecf:SeriesBCumulativePreferredSharesMember 2020-10-01 2021-09-30 0000793040 ecf:CumulativePreferredStocksMember 2025-10-01 2026-03-31 0000793040 ecf:SeriesACumulativePreferredStockMember 2025-10-01 2026-03-31 0000793040 ecf:SeriesBCumulativePreferredStockMember 2025-10-01 2026-03-31 iso4217:USD shares iso4217:USD shares false 0000793040 N-CSRS

Ellsworth Growth and Income Fund Ltd. 2026-03-31 Investment Objective and Strategy (Unaudited) The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. The Fund invests primarily in convertible and equity securities. 1376002 13657903 13657903

12.51

13657903

12.51

27575000 27677000 28058000 29183000 29961000 30000000 1103000 1107000 1122000 1167000 1198000 1200000

25.00

21.70 22.30 22.39 23.04 24.82 26.10 165.93 172.12 120.93 98.32 82.61 188.94 2730000 2580000 8280000 13030000 25030000 273000 258000 828000 1303000 2503000

10.00

10.00 10.00 10.00 10.00 10.00 66.37 68.85 48.37 39.33 33.04 7. Capital. The Fund is authorized to issue an unlimited number of common shares of beneficial interest (par value $0.01). The Board has authorized the repurchase of the Fund’s common shares on the open market when the shares are trading at a discount of 7.5% or more (or such other percentage as the Board may determine from time to time) from the NAV of the shares. During the six months ended March 31, 2026 and the fiscal year ended September 30, 2025, the Fund repurchased and retired 88,241 and 88,191 of its common shares at investments of $1,060,915 and $835,128, respectively, at average discounts of approximately 10.05% and 11.86% from NAV. Transactions in shares of common shares of beneficial interest for the six months ended March 31, 2026 and the fiscal year ended September 30, 2025 were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; padding-bottom: 1pt; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Six Months Ended March 31, 2026 (Unaudited)</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Year Ended September 30, 2025</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: left"> </td> <td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Shares</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Amount</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Shares</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Amount</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 52%; text-align: left">Increase in net assets from common shares issued upon reinvestment of distributions</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">130,882</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">1,528,694</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">62,041</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">607,379</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; padding-bottom: 1pt; text-align: left">Decrease in net assets from repurchase of common shares</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(88,241</td> <td style="padding-bottom: 0.5pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,060,915</td> <td style="padding-bottom: 0.5pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(88,191</td> <td style="padding-bottom: 0.5pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(835,128</td> <td style="padding-bottom: 0.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.25in; vertical-align: top; text-align: left; padding-bottom: 2.5pt">Net increase/(decrease)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">42,641</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">467,779</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">(26,150</td> <td style="padding-bottom: 1.5pt; text-align: left">)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">(227,749</td> <td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> </table> As of March 31, 2026, the Fund had an effective shelf registration, available through January 16, 2027, authorizing the issuance of $100 million in common or preferred shares. The liquidation value of the Series A Cumulative Preferred Shares (Series A Preferred) is $25 per share. The Series A Preferred has an annual dividend rate of 5.250% and is callable at the Fund’s option. The Board has authorized the repurchase of the Series A Preferred in the open market at prices less than the $25 liquidation value per share. During the six months ended March 31, 2026 and the fiscal year ended September 30, 2025, the Fund repurchased and retired 4,095 and 15,214 Series A Preferred, at investments of $88,608 and $330,935 at average discounts of approximately 13.53% and 12.99%, from its liquidation value. On July 1, 2022, the Fund issued 2,503,000 shares of Series B Cumulative Preferred Shares (Series B Preferred) receiving $24,887,500 million after the deduction of offering expenses of $124,517, and issued 120,000 shares of Series B Preferred on May 4, 2023, receiving $1,190,000 after deducting offering expenses. The Series B Preferred shares have a liquidation value of $10 per share, and were issued with an annual dividend rate of 4.40%. On June 26, 2025, June 27, 2024, and June 26, 2023, 570,000 shares, 475,000 shares, and 1,320,000 shares, respectively, of Series B Preferred were put back to the Fund at the liquidation preference of $10 per share. The Series B Preferred are callable at the Fund’s option. Distributions are paid semiannually at an annual rate of 5.20%. At March 31, 2026, 273,000 shares of Series B Preferred were outstanding and accrued dividends amounted to $35,490. <p id="xdx_84E_ecef--PreferredStockRestrictionsOtherTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_z9ebNTo1W5Xd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Fund’s Declaration of Trust, as amended, authorizes the issuance of an unlimited number of preferred shares, par value $0.01. The Preferred Shares are senior to the common shares and result in the financial leveraging of the common shares. Such leveraging tends to magnify both the risks and opportunities to common shareholders. Dividends on Preferred Shares are cumulative. The Fund is required by the 1940 Act and by the Fund’s Statement of Preferences to meet certain asset coverage tests with respect to the Preferred Shares. If the Fund fails to meet these requirements and does not correct such failure, the Fund may be required to redeem, in part or in full, the Preferred Shares at their respective liquidation values plus an amount equal to the accumulated and unpaid dividends whether or not declared on such shares in order to meet these requirements. Additionally, failure to meet the foregoing asset coverage requirements could restrict the Fund’s ability to pay dividends to common shareholders and could lead to sales of portfolio securities at inopportune times. The income received on the Fund’s assets may vary in a manner unrelated to the fixed rates, which could have either a beneficial or detrimental impact on net investment income and gains available to common shareholders. <p id="xdx_84F_ecef--OutstandingSecuritiesTableTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zoF3rAv8IREc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The following table summarizes Cumulative Preferred Shares information: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Series</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Issue Date</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Authorized</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Number of Shares Outstanding at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Net Proceeds</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2026 Dividend Rate Range</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Dividend Rate at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Accrued Dividends at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 14%; text-align: left">A 5.250%</td> <td style="width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: center">September 18, 2017</td> <td style="width: 2%"> </td> <td style="vertical-align: top; width: 10%; text-align: center">unlimited</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">1,103,002</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">28,855,381</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 10%; text-align: center">Fixed Rate</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">5.250</td> <td style="width: 1%; text-align: left">%</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">12,064</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">B 5.200%</td> <td> </td> <td style="vertical-align: top; text-align: center">July 1, 2022</td> <td> </td> <td style="vertical-align: top; text-align: center">unlimited</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">273,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">24,887,500</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: center">Fixed Rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5.200</td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">35,490</td> <td style="text-align: left"> </td></tr> </table> <p id="xdx_84F_ecef--SecurityVotingRightsTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_znESspQpd3ge" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The holders of preferred shares generally are entitled to one vote per share held on each matter submitted to a vote of shareholders of the Fund and will vote together with holders of common shares as a single class. The holders of Preferred Shares voting together as a single class also have the right currently to elect two Trustees and, under certain circumstances, are entitled to elect a majority of the Board. In addition, the affirmative vote of a majority of the votes entitled to be cast by holders of all outstanding shares of the preferred shares, voting as a single class, will be required to approve any plan of reorganization adversely affecting the preferred shares, and the approval of two-thirds of each class, voting separately, of the Fund’s outstanding voting stock must approve the conversion of the Fund from a closed-end to an open-end investment company. The approval of a majority (as defined in the 1940 Act) of the outstanding preferred shares and a majority (as defined in the 1940 Act) of the Fund’s outstanding voting securities are required to approve certain other actions, including changes in the Fund’s investment objectives or fundamental investment policies. <p id="xdx_84E_ecef--PreferredStockRestrictionsOtherTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_z9ebNTo1W5Xd" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Fund’s Declaration of Trust, as amended, authorizes the issuance of an unlimited number of preferred shares, par value $0.01. The Preferred Shares are senior to the common shares and result in the financial leveraging of the common shares. Such leveraging tends to magnify both the risks and opportunities to common shareholders. Dividends on Preferred Shares are cumulative. The Fund is required by the 1940 Act and by the Fund’s Statement of Preferences to meet certain asset coverage tests with respect to the Preferred Shares. If the Fund fails to meet these requirements and does not correct such failure, the Fund may be required to redeem, in part or in full, the Preferred Shares at their respective liquidation values plus an amount equal to the accumulated and unpaid dividends whether or not declared on such shares in order to meet these requirements. Additionally, failure to meet the foregoing asset coverage requirements could restrict the Fund’s ability to pay dividends to common shareholders and could lead to sales of portfolio securities at inopportune times. The income received on the Fund’s assets may vary in a manner unrelated to the fixed rates, which could have either a beneficial or detrimental impact on net investment income and gains available to common shareholders. <p id="xdx_84F_ecef--OutstandingSecuritiesTableTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_zoF3rAv8IREc" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The following table summarizes Cumulative Preferred Shares information: <table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: left">Series</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Issue Date</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Authorized</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Number of Shares Outstanding at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt; font-weight: bold"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Net Proceeds</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">2026 Dividend Rate Range</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Dividend Rate at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center">Accrued Dividends at 3/31/2026</td> <td style="vertical-align: bottom; text-align: center; padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 14%; text-align: left">A 5.250%</td> <td style="width: 1%"> </td> <td style="vertical-align: top; width: 12%; text-align: center">September 18, 2017</td> <td style="width: 2%"> </td> <td style="vertical-align: top; width: 10%; text-align: center">unlimited</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">1,103,002</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">28,855,381</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 10%; text-align: center">Fixed Rate</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">5.250</td> <td style="width: 1%; text-align: left">%</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">12,064</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">B 5.200%</td> <td> </td> <td style="vertical-align: top; text-align: center">July 1, 2022</td> <td> </td> <td style="vertical-align: top; text-align: center">unlimited</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">273,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">24,887,500</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: center">Fixed Rate</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5.200</td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">35,490</td> <td style="text-align: left"> </td></tr> </table> A 5.250% 1103002 B 5.200% 273000 <p id="xdx_84F_ecef--SecurityVotingRightsTextBlock_hcef--RiskAxis__custom--CumulativePreferredStocksMember_znESspQpd3ge" style="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The holders of preferred shares generally are entitled to one vote per share held on each matter submitted to a vote of shareholders of the Fund and will vote together with holders of common shares as a single class. The holders of Preferred Shares voting together as a single class also have the right currently to elect two Trustees and, under certain circumstances, are entitled to elect a majority of the Board. In addition, the affirmative vote of a majority of the votes entitled to be cast by holders of all outstanding shares of the preferred shares, voting as a single class, will be required to approve any plan of reorganization adversely affecting the preferred shares, and the approval of two-thirds of each class, voting separately, of the Fund’s outstanding voting stock must approve the conversion of the Fund from a closed-end to an open-end investment company. The approval of a majority (as defined in the 1940 Act) of the outstanding preferred shares and a majority (as defined in the 1940 Act) of the Fund’s outstanding voting securities are required to approve certain other actions, including changes in the Fund’s investment objectives or fundamental investment policies. Based on weekly prices. The Series B Preferred is a private placement and is not listed on an exchange, nor does the Fund expect a secondary market to develop. The average market price shown is the $10 liquidation preference of the Series B Preferred. Asset coverage per share is calculated by combining all series of Preferred stock.