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Allspring Utilities and High Income Fund - ERH STOCK NEWS

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

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 Utilities and High 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 Utilities and High Income Fund's position in the market.

News
Allspring Closed-End Funds Declare Monthly Distributions
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%
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none
-
News
Allspring Closed-End Funds Declare Monthly Distributions
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%
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none
-
News
Allspring Announces Change to Utilities and High Income Fund Portfolio Management Team
Rhea-AI Summary
Effective immediately, Andy Smith, CFA, has been added as a portfolio manager of the Allspring Utilities and High Income Fund (NYSE American: ERH). The investment philosophy and process will remain unchanged. The fund's objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
none
News
Allspring Closed-End Funds Declare Monthly Distributions
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
-
News
Allspring Closed-End Funds Declare Monthly Distributions
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
-
News
Allspring Closed-End Funds Declare Monthly Distributions
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
News
Allspring Utilities and High Income Fund (ERH) CUSIP 94987E109
Rhea-AI Summary
Allspring Utilities and High Income Fund (ERH) provides information about its monthly distributions and sources. The Fund estimates that it has distributed more than its income and net realized capital gains, potentially resulting in a return of capital. The actual amounts and sources of distributions will depend on the Fund's investment experience and may be subject to changes based on tax regulations. The Fund's current distribution sources include net investment income (NII), long-term capital gains (LT), and paid-in capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
-
News
Allspring Closed-End Funds Declare Monthly Distributions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
none
-
News
Allspring Closed-End Funds Declare Monthly Distributions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
News
Allspring Closed-End Funds Declare Monthly Distributions
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
none
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Allspring Utilities and High Income Fund

NYSE:ERH

ERH Rankings

#4389 Ranked by Market Cap
#3726 Ranked by Stock Gains
N/A Ranked by Dividends

ERH Stock Data

83.44M
0.04%
16.04%
0.03%
International Trade Financing
Finance and Insurance
US
San Francisco

About ERH

wells fargo & company employee benefit trust is an investment banking company based out of 333 market st, san francisco, california, united states.