Core Points - The Allspring Income Opportunities Fund, Allspring Multi-Sector Income Fund, and Allspring Utilities and High Income Fund have announced their monthly distributions [1][3] - Andrew Reed, CFA, will join as a portfolio manager for the Allspring Multi-Sector Income Fund, effective August 1, 2025, while Noah Wise, CFA, will be removed [2] - The funds operate under a managed distribution plan with fixed annual minimum rates of 8.00% for the Allspring Utilities and High Income Fund, and 8.75% for both the Allspring Income Opportunities Fund and the Allspring Multi-Sector Income Fund [5] Fund Distribution Details - Allspring Income Opportunities Fund: $0.05352 per share, monthly distribution, an increase of $0.00004 from the prior distribution [3] - Allspring Multi-Sector Income Fund: $0.07221 per share, monthly distribution, an increase of $0.00002 from the prior distribution [3] - Allspring Utilities and High Income Fund: $0.08135 per share, monthly distribution, an increase of $0.00073 from the prior distribution [3] - Declaration date for distributions is July 25, 2025, with an ex-dividend and record date of August 11, 2025, and a payable date of September 2, 2025 [3] Fund Objectives - The Allspring Income Opportunities Fund aims for a high level of current income and may seek capital appreciation [6] - The Allspring Multi-Sector Income Fund seeks a high level of current income while limiting exposure to domestic interest rate risk [6] - The Allspring Utilities and High Income Fund aims for a high level of current income and moderate capital growth, focusing on tax-advantaged dividend income [7][8]
Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change
Prnewswireยท2025-07-25 14:43