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Home>Wells Fargo Closed-End Funds Declare Monthly Distributions

Wells Fargo Closed-End Funds Declare Monthly Distributions

Wells Fargo Closed-End Funds Declare Monthly Distributions

09/30/2017

Wells Fargo Closed-End Funds Declare Monthly Distributions

The Wells Fargo Income Opportunities Fund (NYSE MKT: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE MKT: ERC), and the Wells Fargo Utilities and High Income Fund (NYSE MKT: ERH) have each announced a distribution declaration.

               
Ticker     Fund name    

Distribution
per share

    Frequency    

Change from
prior
distribution

EAD Wells Fargo Income Opportunities Fund $0.05641 Monthly
ERC* Wells Fargo Multi-Sector Income Fund $0.10759 Monthly $0.00009
ERH Wells Fargo Utilities and High Income Fund $0.07500 Monthly
 

The following dates apply to today’s distribution declaration for each fund:

Declaration date       September 29, 2017
Ex-dividend date October 13, 2017
Record date October 16, 2017
Payable date November 1, 2017
 

*This fund makes distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 9% based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, monthly distributions may be sourced from income, paid-in capital, and/or capital gains, if any. 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.

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