Allspring closed-end funds declare monthly and quarterly distributions

CHARLOTTE, North Carolina, February 24, 2022 /PRNewswire/ — Allspring Income Opportunities Fund (NYSE American: EAD), Allspring Multi-Sector Income Fund (NYSE American: ERC), Allspring Utilities and High Income Fund (NYSE American: ERH) and Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

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Fund name

Distribution
per share

Frequency

Change

prior distribution

EAD

Allspring Income Opportunities Fund

$0.06088

Monthly

-$0.00005

ERC

Allspring Multi-Sector Income Fund

$0.09550

Monthly

-$0.00051

HRE

Allspring Utilities and High Income Funds

$0.07512

Monthly

+$0.00035

NMS

Allspring Global Dividend Opportunities Fund

$0.13428

Quarterly

+$0.00333






The following dates apply to today’s declaration of distribution for each fund:

Declaration date

February 24, 2022

Ex-dividend date

March 11, 2022

Registration Date

March 14, 2022

Payment date

April 1, 2022

These funds make distributions pursuant to a managed distribution plan which provides for the declaration of monthly distributions (in the case of Allspring Income Opportunities Fund, Allspring Multi-Sector Income Fund and Allspring Utilities and High Income Fund) or quarterly distributions ( in the case of the Allspring Global Dividend Opportunity Fund) to ordinary shareholders of the fund at a minimum fixed annual rate of 7% for the Allspring Utilities and High Income Fund, 8% for the Allspring Income Opportunities Fund, 9% for the Allspring Multi-Sector Income Fund, and 9% for the Allspring Global Dividend Opportunity Fund based on the average monthly net asset value (NAV) per share of the fund over the previous 12 months. Under the managed distribution plan, distributions are derived from income and may also be derived from paid-up capital and/or capital gains. The fund’s distributions during a period may be more or less than the net return realized by the fund on its investments and should therefore not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the net asset value of the fund to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or the terms of its managed distribution plan.

The Allspring Income Opportunities Fund is a closed-end high yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation insofar as this is compatible with its investment objective.

The Allspring Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income while limiting its overall exposure to domestic interest rate risk.

The Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on obtaining tax-efficient dividend income.

The Allspring Global Dividend Opportunity Fund is a closed-end high yield equity and bond fund. The fund’s investment objective is to seek a high level of current income. The fund’s secondary objective is long-term capital growth.

For more information about Allspring closed-end funds, please visit www.allspringglobal.com.

About Allspring Global Investments
Allspring Global Investments is a leading independent asset management firm with $587 billion in assets under management,1 18 offices worldwide and specialist investment teams supported by over 480 investment professionals worldwide. Allspring and its investment teams offer a wide range of differentiated investment products and solutions to help its diverse range of clients achieve their investment goals. For more information, visit www.allspringglobal.com.

  1. From December 31, 2021. Assets under management include $91.6 billion of Galliard Capital Management, an investment adviser which is not part of the Allspring / GIPS company trading name.

These closed-end funds are no longer available through public offerings and are only offered through brokers on the secondary market. A closed-end fund is not required to redeem its shares from investors on demand. Shares of a fund may trade at a premium or discount to the net asset value of the fund, and there can be no assurance that any discount will diminish. The values ​​and/or income generated by the securities held by a fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities.

Equity securities fluctuate in value in response to factors unique to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high yield securities and unrated securities of similar credit quality are at much higher risk of default and their values ​​tend to be more volatile than higher rated securities with similar maturities. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, instability of foreign markets and fluctuations in foreign currencies. The risks associated with international investments are amplified in emerging or developing markets. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuations compared to more diversified funds due to adverse developments within that industry or sector. Small and mid capitalization securities may be subject to particular risks associated with narrower product lines and limited financial resources compared to their large capitalization counterparts. Each fund is leveraged through a revolving credit facility and may also incur leverage by issuing preferred shares in the future.

The use of leverage involves certain risks, including, among other things, the likelihood of greater volatility in the net asset value and market price of the Common Shares. Derivatives involve additional risks, including interest rate risk, credit risk, risk of incorrect valuation and risk of mismatch with the relevant instruments they are intended to hedge or closely track. There are many risks associated with securities options trading.

Allspring Global Investments™ is the trade name for the asset management companies of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, LP These companies include, but are not limited thereto, Allspring Global Investments, LLC and Allspring Funds Management, LLC. Certain products managed by Allspring Entities are distributed by Allspring Funds Distributor, LLC (a dealer and Member FINRA/SIPC). Galliard Capital Management, LLC (an investment adviser not part of the Allspring / GIPS company trade name) is associated with Allspring.

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind, including a recommendation for any investment, strategy or specific plan.

Some of the information contained herein may include forward-looking statements about the planned investment activities of the funds. These statements do not provide any assurance as to the actual investment activities or results of the funds. Readers should make their own assessment of the information contained herein and consider any other factors they deem relevant to their personal circumstances.

TKTK

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© 2022 Allspring Global Investments Holdings, LLC. All rights reserved.”

SOURCEAllspring Global Investments

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