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Allspring Income Opportunities Fund - EAD STOCK NEWS

Welcome to our dedicated page for Allspring Income Opportunities Fund news (Ticker: EAD), a resource for investors and traders seeking the latest updates and insights on Allspring Income Opportunities Fund stock.

The Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified closed-end management investment company managed by Allspring Global Investments™. The fund’s primary objective is to provide a high level of current income, with a secondary aim of capital appreciation whenever it aligns with its main goal.

Allspring Income Opportunities Fund invests in a broad portfolio that includes sectors such as oil, gas, and consumable fuels, chemicals, distributors, diversified consumer services, hotels, restaurants and leisure, household durables, media, specialty retail, pharmaceuticals, airlines, construction, and engineering. This diverse allocation helps manage risk while seeking to optimize returns.

One of the latest developments for the fund is the approval of a change to its managed distribution plan by the Board of Trustees. Effective November 2023, the plan outlines monthly distributions to common shareholders at an annual minimum fixed rate of 8.75%, based on the fund's average monthly net asset value (NAV) per share over the prior 12 months. These distributions can be sourced from income, paid-in capital, and/or capital gains. This managed distribution plan aims to provide consistent income to shareholders, although it may result in the distribution of capital gains and returns of capital beyond just net investment income.

Allspring Income Opportunities Fund is not available as an initial public offering and can only be acquired through broker-dealers on the secondary market. Shares may trade at a premium or discount to the fund's NAV, and there is no guarantee that any discount will decrease over time. The fund employs leverage through a revolving credit facility and may issue preferred shares in the future, which brings additional risks such as increased volatility of the NAV and market value of common shares.

Investors should be aware that the fund's investments in debt securities carry credit and interest rate risks, with high-yield and unrated securities posing a higher risk of default and value volatility compared to higher-rated securities. Additionally, the fund's use of derivatives introduces further risks including interest rate risk, credit risk, valuation risk, and non-correlation risk.

The experienced management of Allspring Global Investments provides expert guidance and a broad range of investment products including mutual funds, closed-end funds, managed account services, and variable trust funds, all aimed at helping investors achieve their financial goals.

Rhea-AI Summary
The Allspring Income Opportunities Fund, Allspring Multi-Sector Income Fund, and Allspring Utilities and High Income Fund have announced distributions. The distributions for each fund have decreased slightly compared to the prior distribution. The funds make monthly distributions to common shareholders at an annual minimum fixed rate of 7% for the Allspring Utilities and High Income Fund, 8% for the Allspring Income Opportunities Fund, and 8% for the Allspring Multi-Sector Income Fund. These distributions are sourced from income, paid-in capital, and/or capital gains. Investors should not use the amount of distribution as a measure of performance. The funds have different investment objectives, including seeking current income and capital appreciation. The final determination of the source of dividend distributions will be made after year-end.
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The Allspring Income Opportunities Fund (EAD), Allspring Multi-Sector Income Fund (ERC), Allspring Utilities and High Income Fund (ERH), and Allspring Global Dividend Opportunity Fund (EOD) announced distributions on November 16, 2022. EAD will distribute $0.05357 monthly, ERC $0.07243 monthly, ERH $0.07496 monthly, and EOD $0.12017 quarterly. Each fund aims to provide a high level of current income, with EOD targeting long-term capital growth. The fixed annual distribution rates are 8% for EAD, ERC, and 7% for ERH, and 9% for EOD, based on average monthly NAV.

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FAQ

What is the current stock price of Allspring Income Opportunities Fund (EAD)?

The current stock price of Allspring Income Opportunities Fund (EAD) is $7.035 as of December 9, 2024.

What is the market cap of Allspring Income Opportunities Fund (EAD)?

The market cap of Allspring Income Opportunities Fund (EAD) is approximately 416.9M.

What is the primary objective of the Allspring Income Opportunities Fund?

The primary objective is to provide a high level of current income, with a secondary objective of capital appreciation whenever it aligns with the main goal.

What sectors does the Allspring Income Opportunities Fund invest in?

The fund invests in sectors such as oil, gas, consumable fuels, chemicals, distributors, diversified consumer services, hotels, restaurants, leisure, household durables, media, specialty retail, pharmaceuticals, airlines, construction, and engineering.

How does the managed distribution plan work?

The managed distribution plan provides for monthly distributions to shareholders at an annual minimum fixed rate of 8.75% based on the fund's average monthly NAV per share over the prior 12 months. Distributions can come from income, paid-in capital, and/or capital gains.

Can I purchase shares of the Allspring Income Opportunities Fund in an initial public offering?

No, the fund is no longer available as an initial public offering and can only be purchased through broker-dealers on the secondary market.

What are the risks associated with investing in the Allspring Income Opportunities Fund?

The fund's investments carry credit and interest rate risks, with high-yield and unrated securities posing higher default and value volatility risks. Leverage and derivatives use introduce additional risks including increased NAV volatility, valuation risks, and non-correlation risks.

What does the managed distribution plan mean for shareholders?

Shareholders can expect consistent monthly income distributions that may exceed net investment income, potentially including capital gains and returns of capital.

Who manages the Allspring Income Opportunities Fund?

The fund is managed by Allspring Global Investments™.

How does leverage affect the Allspring Income Opportunities Fund?

Leverage can increase the volatility of the fund's NAV and market value of common shares, introducing additional risks.

Where can I find more information about the Allspring Income Opportunities Fund?

For more information, you can visit Allspring Global Investments' website or contact your broker-dealer.

What other investment products are offered by Allspring Global Investments?

Allspring Global Investments offers a range of products including mutual funds, closed-end funds, managed account services, and variable trust funds.

Allspring Income Opportunities Fund

NYSE:EAD

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EAD Stock Data

416.90M
59.09M
36.4%
0.04%
Asset Management
Financial Services
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United States of America
Charlotte