STOCK TITAN

Allspring Multi-Sector Income Fund - $ERC STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allspring Multi-Sector Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allspring Multi-Sector Income Fund's position in the market.

Rhea-AI Summary

Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have announced monthly distributions. EAD increased by $0.00018 to $0.05192, ERC increased by $0.00024 to $0.06566, and ERH decreased by $0.00032 to $0.06246. The declaration date is April 26, 2024, with an ex-dividend date of May 10, 2024, a record date of May 13, 2024, and a payable date of June 3, 2024. The managed distribution plan ensures monthly distributions at fixed rates based on the fund's NAV, sourced from income, paid-in capital, and/or capital gains.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
-
Rhea-AI Summary
Allspring Income Opportunities Fund (EAD), along with other Allspring funds, announced distributions per share with changes from prior distributions. The funds follow a managed distribution plan with fixed rates based on NAV. Investors should be cautious of NAV decline due to excess distributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
Rhea-AI Summary
Allspring's portfolio manager Alex Perrin to retire from managing the Allspring Multi-Sector Income Fund (ERC) on March 1, 2024. The fund's investment philosophy and process remain unchanged, with Christopher Kauffman and other managers taking over.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
Rhea-AI Summary
Allspring Income Opportunities Fund (EAD), Allspring Multi-Sector Income Fund (ERC), and Allspring Utilities and High Income Fund (ERH) have announced their monthly distributions. EAD's distribution per share is $0.05170, ERC's is $0.06521, and ERH's is $0.06428. ERH's distribution decreased by $0.00079 from the prior distribution. The declaration date for each fund is January 26, 2024, with an ex-dividend date of February 12, 2024, and a payable date of March 1, 2024. The managed distribution plan ensures monthly distributions at a fixed rate based on the fund's average monthly net asset value over the prior 12 months, sourced from income, paid-in capital, and/or capital gains.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
none
-
Rhea-AI Summary
Allspring Income Opportunities Fund (EAD), Allspring Multi-Sector Income Fund (ERC), and Allspring Utilities and High Income Fund (ERH) have announced their monthly distributions. EAD's distribution per share is $0.05165, ERC's is $0.06504, and ERH's is $0.06507. The distribution frequency is monthly, with changes from prior distributions being -$0.00008 for EAD, +$0.00006 for ERC, and -$0.00077 for ERH. The declaration date is December 29, 2023, with an ex-dividend date of January 12, 2024, record date of January 16, 2024, and payable date of February 1, 2024. The funds operate under a managed distribution plan with fixed annual minimum rates based on the average monthly net asset value over the prior 12 months. Distributions are sourced from income, paid-in capital, and/or capital gains, and may not reflect the fund's performance or yield.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
none
-
Rhea-AI Summary
Allspring closed-end funds have announced monthly distributions. The Allspring Income Opportunities Fund will distribute $0.04738 per share (-$0.00006 change), the Allspring Multi-Sector Income Fund will distribute $0.06497 per share (+$0.00002 change), and the Allspring Utilities and High Income Fund will distribute $0.06655 per share (-$0.00110 change). The distribution dates are as follows: declaration date - October 27, 2023, ex-dividend date - November 13, 2023, record date - November 14, 2023, payable date - December 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
Allspring Multi-Sector Income Fund

NYSE:ERC

ERC Rankings

ERC Stock Data

256.81M
28.07M
29.83%
0.05%
International Trade Financing
Finance and Insurance
Link
United States of America
San Francisco

About ERC

wells fargo asset management offers a range of investment products and expert guidance for institutions, financial advisors, and individuals to help them succeed financially.