Wells Fargo Multi-Sector Income Fund

Allspring Multi-Sector Income Fund operates as a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The company was founded on April 10, 2003 and is headquartered in San Francisco, CA.

Allspring Multi-Sector Income Fund operates as a diversified, closed-end management investment company. Its investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The company was founded on April 10, 2003 and is headquartered in Charlotte, CA.

The Allspring Multi-Sector Income Fund offers a high level of current income with an 8.75% yield, surpassing U.S. Treasury securities and most junk bonds. The fund's yield is lower than its peers, which may deter investors seeking a very high level of income. The fund's past performance has been underwhelming, with a decline of 29.19% over the past three years, but this may not accurately reflect investor returns due to the fund's distribution policy.

ERC: This Global Debt CEF Is Unimpressive, But No Apparent Reason To Sell It

Wells Fargo Income Opportunities Fund

Wells Fargo Utilities and High Income Fund

CHARLOTTE, N.C. , April 26, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

Allspring Global Dividend Opportunity Fund

CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

CHARLOTTE, N.C. , Feb. 21, 2024 /PRNewswire/ -- Effective March 1, 2024, Alex Perrin is retiring from Allspring, and will be removed as a portfolio manager for the Allspring Multi-Sector Income Fund (NYSE American: ERC).

Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team

CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended and Restated By-Laws: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The By-Laws, among other things, contain modified procedural and informational requirements in connection with any advance notice of shareholder proposals or nominations, including certain information about the proponent and the proposal, or in the case of a Trustee nomination, the nominee.

Allspring Closed-End Funds Adopt Amended and Restated By-Laws

CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2024 and ending December 31, 2024.

Closed-end funds advised by Allspring Funds Management renew share repurchase programs

Barings Corporate Investors

Barings Participation Investors

We review CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had another down week as August has now erased all of the July rally. Most CEF returns have lagged their yields over the last several years - will the trend continue?

CEF Market Weekly Review: Will CEF Returns Lag Their Yields?

Allspring Multi-Sector Income Fund is a global bond closed end fund. The vehicle has posted the same total return as the much better known DoubleLine Income Solutions Fund in the past year.

ERC: Global Fixed Income CEF Plodding Along

Allspring Multi-Sector Income Fund (ERC) is a global fixed income closed end fund. We reviewed the fund in August and our analysis yielded a Sell rating based on the abnormal premium to NAV for this fixed income CEF.

ERC: Target Met, Moving From Sell To Being Neutral

Allspring Multi-Sector Income Fund (ERC) is a global fixed income closed end fund. The fund has three main investment buckets consisting of U.S. High Yield, International Sovereign Bonds and U.S. Investment Grade Securities (MBS, IG Bonds, Securitized IG).

ERC: Global Fixed Income CEF, 10.5% Yield

CHARLOTTE, N.C. , Aug. 17, 2022 /PRNewswire/ -- The Allspring Multi-Sector Income Fund (NYSE American: ERC), a closed-end fund, announced today that the fund's Board of Trustees has approved a change to the fund's managed distribution plan.

Allspring Multi-Sector Income Fund Announces Change to Managed Distribution Plan

Brookfield Real Assets Income Fund

Liberty All Star Equity Fund

I know this inflation-panicked market is frustrating, but despite the endless doomsaying from the pundits, there is good news.

Ride Out The Crash With These 11.8% Dividends

CHARLOTTE, N.C., Feb. 22, 2022 /PRNewswire/ -- Allspring Global Investments announced today that Peter Wilson will retire from the firm.

Allspring Announces Change to the Allspring Multi-Sector Income Fund Portfolio Management Team

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

BlackRock Virginia Municipal Bond Trust

MFS Intermediate High Income Fund

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Fiduciary / Claymore Mlp Opportunity Fund

Templeton Global Income Fund

Clough Global Opportunities Fund

Eagle Capital Growth Fund Inc

Highland Global Credit Allocation Fund.

abrdn Healthcare Investors 

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

BNY Mellon Strategic Municipals, Inc.  

BlackRock MuniYield California Quality Fund Inc

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags.

Weekly Closed-End Fund Roundup: November 7, 2021

CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

Wells Fargo Multi-Sector Income Fund, as the name implies, spreads its Fixed Income exposure over multiple sectors of the Global Fixed Income market. This article reviews ERC and compares its against to competitors: BlackRock Multi-Sector Income Trust and Virtus Global Multi-Sector Income Fund.

ERC Is Better Skipped

SAN FRANCISCO--(BUSINESS WIRE)--In connection with the proposed sale by Wells Fargo & Company of Wells Fargo Asset Management (WFAM) to a holding company affiliated with private funds of GTCR LLC and Reverence Capital Partners, L.P. announced on February 23, 2021, shareholders of the Wells Fargo closed-end funds identified below (each, a “Fund” and, collectively, the “Funds”) were asked to approve new investment advisory and sub-advisory agreements for the Funds at special meetings of share

Results of Special Shareholder Meetings of Wells Fargo Closed-End Funds

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that the Wells Fargo Income Opportunities Fund (NYSE American: EAD), Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD), (collectively, the “Funds”), announced a change of date of the previously announced Special Meeting of Shareholders (the “Meeting”) from July 15, 2021, to Augus

Wells Fargo Closed-End Funds Announce Change of Date of Special Meeting of Shareholders

SAN FRANCISCO--(BUSINESS WIRE)--Each fund listed below has announced that its Board of Trustees has approved a new investment advisory agreement and new sub-advisory agreement(s), and has announced record and meeting dates for a special meeting of shareholders: Wells Fargo Income Opportunities Fund (NYSE American: EAD) Wells Fargo Multi-Sector Income Fund (NYSE American: ERC) Wells Fargo Utilities and High Income Fund (NYSE American: ERH) Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD)

Wells Fargo Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

Barings Global Short Duration High Yield Fund

Blackrock Limited Duration Income Trust

Eaton Vance Limited Duration Income Fund

Franklin Limited Duration Income Trust

PCM Fund

Pimco High Income Fund

SPDR Bloomberg Short Term High Yield Bond ETF

We take a look at the Limited Duration CEF sector which offers one way for income investors to shorten up on their interest rate sensitivity. Investors seeking a higher income level as well as tactical investors on the lookout for cheaper discount valuations should consider BGH.

Limited Duration CEF Sector Update

Nuveen S&P 500 Buy-Write Income Fund

Nuveen Dow 30 Dynamic Overwrite Fund

Sprott Focus Trust

India Fund Inc

Nuveen Core Equity Alpha Fund

Nuveen Diversified Dividend And Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen Real Estate Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

MFS Charter Income Trust

MFS Special Value Trust

MFS Government Markets Income Trust

MFS Intermediate Income Trust

MFS Multimarket Income Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Royce Micro-Cap Trust

Royce Value Trust

Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has already caused some CEFs to lower their distributions as a result of the March drawdown, causing their discounts to widen relative to their sectors.

News for Wells Fargo Multi-Sector Income Fund ETF (ERC)