MILWAUKEE--(BUSINESS WIRE)--
The Eagle Capital Growth Fund, Inc. (“Fund”) (NYSE MKT: GRF) today finalized its year-end distribution of $1.19 per share.
The Fund offered shareholders the choice of receiving the distribution in newly-issued shares of the Fund’s Common Stock or receiving the distribution in cash. The Fund issued 325,663 shares of common stock at a price of $7.57 per share and paid approximately $1,418,565 in cash to shareholders.
On a preliminary basis, this distribution represents a combination of net investment income of $0.1022 per share and long-term capital gains of $1.0878 per share. This preliminary information is subject to change. Shareholders will receive definitive information with respect to U .S. Federal income tax treatment in the ordinary course. In addition, shareholders can access definitive tax information by going to the Fund’s website after year-end.
The Fund is a closed-end investment company that invests primarily in high quality growth companies. To learn more about the Fund, please go the Fund’s website: www.eaglecapitalgrowthfund.com
If you have a question about the year-end cash distribution or other Fund matter, please contact David C. Sims, the Fund’s Chief Financial Officer and Chief Compliance Officer, at (414) 765-1107, or by e-mail to: [email protected]
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