Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC – Get Rating) declared a monthly dividend on Friday, May 27th, Wall Street Journal reports. Shareholders of record on Monday, June 13th will be given a dividend of 0.0926 per share on Friday, July 1st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.24%. […]
Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 34,000 shares, a growth of 900.0% from the April 30th total of 3,400 shares. Based on an average daily trading volume, […]
Wells Fargo Advantage Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Rating) announced a monthly dividend on Monday, March 28th, Wall Street Journal reports. Shareholders of record on Tuesday, April 12th will be paid a dividend of 0.0753 per share on Monday, May 2nd. This represents a $0.90 annualized dividend and a yield of 6.59%. […]
Wells Fargo Advantage Funds – Wells Fargo Global Dividend Opportunity Fund (NYSE:EOD – Get Rating) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 20,500 shares, a growth of 10,150.0% from the January 31st total of 200 shares. Based on an average daily […]
Additional Disclosures about the Wells Fargo Closed-End Funds
The fund makes distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 7.0%, based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.