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The Allspring Multi-Sector Income Fund (ERC) announced a change to its managed distribution plan effective August 2022. The fund will now declare monthly distributions to shareholders at a minimum annual rate of 8% based on the average monthly net asset value (NAV) over the past year. Distributions may come from income, capital gains, or paid-in capital, with possible reinvestment options. The plan will be subject to periodic reviews by the Board of Trustees, which may amend or terminate it at any time.
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Allspring Global Investments announced that Peter Wilson will retire as a portfolio manager for the Allspring Multi-Sector Income Fund (ERC) effective May 16, 2022. He has managed the fund's foreign debt securities alongside Alex Perrin and Lauren van Biljon, who will continue their roles after his departure. The investment philosophy and process will remain unchanged. Allspring manages over $575 billion in assets, focusing on providing investment solutions aimed at generating favorable outcomes for clients.
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