The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.
Ticker | Fund name | Distribution per | Frequency | Change from | |||||||
EAD | Wells Fargo Income Opportunities Fund | $0.05578 | Monthly | +$0.00001 | |||||||
ERC | Wells Fargo Multi-Sector Income Fund | $0.09142 | Monthly | -$0.00019 | |||||||
ERH | Wells Fargo Utilities and High Income Fund | $0.07067 | Monthly | -$0.00037 | |||||||
EOD | Wells Fargo Global Dividend Opportunity Fund | $0.12683 | Quarterly | -$0.00341 | |||||||
The following dates apply to today’s distribution
declaration for each fund:
Declaration date | February 26, 2021 | ||
Ex-dividend date | March 11, 2021 | ||
Record date | March 12, 2021 | ||
Payable date | April 1, 2021 |
These funds make distributions in accordance with a managed
distribution plan that provides for the declaration of monthly distributions
(in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo
Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or
quarterly distributions (in the case of the Wells Fargo Global Dividend
Opportunity Fund) to common shareholders of the fund at an annual minimum fixed
rate of 7% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells
Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income
Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the
fund’s average monthly net asset value (NAV) per share over the prior 12
months. Under the managed distribution plan, distributions are sourced from
income and also may be sourced from paid-in capital and/or capital gains.
The fund’s distributions in any period may be more or less
than the net return earned by the fund on its investments and therefore should
not be used as a measure of performance or confused with yield or income.
Distributions in excess of fund returns will cause the fund’s NAV to decline.
Investors should not draw any conclusions about the fund’s investment
performance from the amount of its distribution or from the terms of its
managed distribution plan.
The Wells Fargo Income Opportunities Fund is a closed-end
high-yield bond fund. The fund’s investment objective is to seek a high level
of current income. The fund may, as a secondary objective, seek capital
appreciation to the extent it is consistent with its investment objective.
The Wells Fargo Multi-Sector Income Fund is a closed-end
income fund. The fund’s investment objective is to seek a high level of current
income consistent with limiting its overall exposure to domestic interest rate
risk.
The Wells Fargo Utilities and High Income Fund is a
closed-end equity and high-yield bond fund. The fund’s investment objective is
to seek a high level of current income and moderate capital growth with an
emphasis on providing tax-advantaged dividend income.
The Wells Fargo Global Dividend Opportunity Fund is a
closed-end equity and high-yield bond fund. The fund’s investment objective is
to seek a high level of current income. The fund’s secondary objective is
long-term growth of capital.
The final determination of the source of all distributions
is subject to change and is made after year-end. Each fund will send
shareholders a Form 1099-DIV for the calendar year that will tell shareholders
how to report these distributions for federal income tax purposes.
For more information on Wells Fargo’s closed-end funds, please visit our website.
0 comments:
Post a Comment