Allspring Multi-Sector Income Fund (ERC) To Go Ex-Dividend on December 11th

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Wednesday, November 12th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.0722 per share on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, December 11th. This is a 0.0% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Trading Down 1.5%

Shares of ERC opened at $9.38 on Friday. Allspring Multi-Sector Income Fund has a 52 week low of $8.44 and a 52 week high of $9.77. The stock has a fifty day moving average of $9.52 and a 200-day moving average of $9.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ERC. Allworth Financial LP acquired a new stake in Allspring Multi-Sector Income Fund during the 2nd quarter worth approximately $105,000. Perigon Wealth Management LLC bought a new stake in shares of Allspring Multi-Sector Income Fund in the third quarter worth $118,000. Integris Wealth Management LLC acquired a new stake in Allspring Multi-Sector Income Fund in the third quarter valued at $120,000. World Investment Advisors bought a new position in Allspring Multi-Sector Income Fund during the 3rd quarter worth $134,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Allspring Multi-Sector Income Fund during the 2nd quarter worth about $207,000.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds.