Allspring Funds Declare Monthly Distributions, Announce Portfolio Manager Change

Allspring Income Opportunities, Multi-Sector Income, and Utilities & High Income funds declared monthly distributions. EAD: $0.05352, ERC: $0.07221, ERH: $0.08135. Andrew Reed, CFA, joins Allspring Multi-Sector Income Fund as a portfolio manager, replacing Noah Wise. The fund's investment strategy remains unchanged.

Allspring Global Investments has recently announced monthly distributions and a portfolio manager change for several of its closed-end funds. The Allspring Income Opportunities Fund (EAD), Allspring Multi-Sector Income Fund (ERC), and Allspring Utilities and High Income Fund (ERH) each declared distributions for the month of July 2025.

The Allspring Income Opportunities Fund (EAD) declared a distribution of $0.05352 per share, while the Allspring Multi-Sector Income Fund (ERC) and Allspring Utilities and High Income Fund (ERH) declared distributions of $0.07221 and $0.08135 per share, respectively. These distributions are part of the funds' managed distribution plans, which provide for monthly distributions at an annual minimum fixed rate of 8.00% for the Allspring Utilities and High Income Fund, 8.75% for the Allspring Income Opportunities Fund, and 8.75% for the Allspring Multi-Sector Income Fund [2].

Additionally, Andrew Reed, CFA, has been added as a portfolio manager to the Allspring Multi-Sector Income Fund, replacing Noah Wise, effective August 1, 2025. The investment strategy of the fund remains unchanged, with Christopher Kauffman, CFA, Chris Lee, CFA, Michael Schueller, CFA, Lauren van Biljon, CFA, and Adam Hicks continuing to manage the fund [2].

These funds are closed-end, meaning they are not required to buy back shares from investors upon request. They can trade at either a premium or discount relative to the fund's net asset value, and the values of the securities held by the funds may decline due to general market conditions or other factors [2].

Investors should be aware of the risks associated with these funds, including credit risk, interest rate risk, foreign market instability, and the use of leverage. Each fund is leveraged through a revolving credit facility and may incur additional risks from derivatives and options transactions [2].

For more information on Allspring's closed-end funds, please visit [www.allspringglobal.com](http://www.allspringglobal.com).

References:
[1] Allspring Global Investments. (n.d.). Income Opportunities Fund. Retrieved from https://www.allspringglobal.com/investments/fixed-income/mutual-funds/income-opportunities/
[2] PR Newswire. (2025, July 25). Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change. Retrieved from https://www.prnewswire.com/news-releases/allspring-closed-end-funds-declare-monthly-distributions-and-announce-a-portfolio-manager-change-302514007.html