Closed-end funds advised by Allspring Funds Management renew share repurchase programs

CHARLOTTE, N.C. , Nov. 13, 2025 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2026 and ending December 31, 2026.

PRNewsWire • Nov 13, 2025

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Funds Board of Trustees Announces New Trustees

CHARLOTTE, N.C. , Nov. 12, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

PRNewsWire • Nov 12, 2025

Allspring Closed-End Funds Declare Monthly Distributions

CHARLOTTE, N.C. , Oct. 31, 2025 /PRNewswire/ -- The 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 each announced a distribution.

PRNewsWire • Oct 31, 2025

EAD: Solid Income Fund But Needs To Improve Dividend Coverage

Allspring Income Opportunities Fund (EAD) offers a high 9% yield through a diversified portfolio of below investment grade debt, appealing to income-focused investors. EAD's performance is sensitive to interest rates, with potential upside from anticipated rate cuts, but faces risks from aggressive leverage and credit quality. Dividend coverage has been inconsistent, with payouts not always fully supported by earnings, raising concerns for investors seeking stable income.

Seeking Alpha • Sep 18, 2025

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Aug. 19, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

PRNewsWire • Aug 19, 2025

Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change

CHARLOTTE, N.C. , July 25, 2025 /PRNewswire/ -- The 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 each announced a distribution.

PRNewsWire • Jul 25, 2025

EAD: Good Recent Performance, But Hard To Justify The Current Price

The Allspring Income Opportunities Fund offers a high 9% yield, outperforming major bond indices, but faces inflation and currency devaluation risks. Despite strong recent share price performance, the fund's underlying portfolio returns and distribution coverage are weak, raising sustainability concerns. The fund has only limited exposure to short-term rates, which is very nice given the Federal Reserve's plan to lower rates.

Seeking Alpha • Jul 7, 2025

EAD: 10% Yield, 8.6% Discount On Corporate Bonds, 11 Straight Hikes

With the Fed likely to lower rates, bonds could perform well in 2025, making the Allspring Income Opportunities Fund (EAD) a compelling option. EAD aims for high current income and potential capital appreciation, investing 80% in below investment grade bonds and other securities. As of March 2025, EAD managed $416M in assets, utilized 31.24% leverage, and had an expense ratio of 3.74%, including interest expenses.

Seeking Alpha • Apr 20, 2025

Wall Street Missed The Memo On These Bond Yields Up To 13%

It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.

Forbes • Nov 10, 2024

EAD: Amortizing Junk Bond Fund, Look Elsewhere For High-Yield

Allspring Income Opportunities Fund is a junk-bond focused CEF with a 9.1% yield. However, the EAD fund has historically delivered only modest returns with above-average volatilities, resulting in poor risk-adjusted returns compared to peers. Investors seeking junk bond exposure should consider alternatives like the PGIM High Yield Bond Fund, the BlackRock Limited Duration Income Fund, or the Credit Suisse High Yield Bond Fund.

Seeking Alpha • Jun 26, 2024