Allspring Multi-Sector Income Fund Announces Monthly Dividend of $0.07 (NYSEAMERICAN:ERC)

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, April 24th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.0726 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Monday, May 11th.

Allspring Multi-Sector Income Fund Trading Up 0.2%

Shares of NYSEAMERICAN ERC traded up $0.02 during midday trading on Friday, hitting $9.19. The stock had a trading volume of 26,895 shares, compared to its average volume of 84,562. The business’s 50 day moving average is $9.15 and its 200-day moving average is $9.31. Allspring Multi-Sector Income Fund has a 52 week low of $8.72 and a 52 week high of $9.77.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

A number of hedge funds have recently added to or reduced their stakes in ERC. Wealth Enhancement Advisory Services LLC lifted its position in Allspring Multi-Sector Income Fund by 12.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,510 shares of the company’s stock valued at $238,000 after acquiring an additional 2,793 shares in the last quarter. World Investment Advisors increased its holdings in shares of Allspring Multi-Sector Income Fund by 26.3% in the 4th quarter. World Investment Advisors now owns 17,685 shares of the company’s stock worth $164,000 after purchasing an additional 3,682 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Allspring Multi-Sector Income Fund by 8.0% in the second quarter. Osaic Holdings Inc. now owns 75,808 shares of the company’s stock worth $716,000 after purchasing an additional 5,604 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Allspring Multi-Sector Income Fund by 28.6% in the third quarter. Concurrent Investment Advisors LLC now owns 28,979 shares of the company’s stock worth $278,000 after purchasing an additional 6,445 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the fourth quarter valued at $74,000.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.