Allspring Multi-Sector Income Fund (ERC)
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Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.
NEWS
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
prnewswire.com
2026-02-24 18:01:00CHARLOTTE, N.C., Feb. 24, 2026 /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.
Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Shares Pass Below 50-Day Moving Average – Should You Sell?
defenseworld.net
2026-02-07 04:38:47Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.37 and traded as low as $9.36. Allspring Multi-Sector Income Fund shares last traded at $9.42, with a volume of 113,203 shares traded.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2026-01-30 08:30:00CHARLOTTE, N.C., Jan. 30, 2026 /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.
Takeda Announces U.S. Availability of GAMMAGARD LIQUID ERC, the Only Ready-to-Use Liquid Immunoglobulin Therapy with Low Immunoglobulin A (IgA) Content1
businesswire.com
2026-01-22 07:45:00CAMBRIDGE, Mass.--(BUSINESS WIRE)--Takeda (TSE:4502/NYSE:TAK) today announced the U.S. availability of GAMMAGARD LIQUID™ ERC [immune globulin infusion (human)] with less than or equal to 2 µg/mL IgA in a 10% solution, by prescription, approved as replacement therapy for people two years of age and older with primary immunodeficiency (PI). GAMMAGARD LIQUID ERC is a liquid immunoglobulin therapy that does not require reconstitution and has a low immunoglobulin A (IgA) content less than or equal t.
ERC: Strong Long-Term Results For This Multi-Sector Bond Fund
seekingalpha.com
2026-01-16 12:42:54Allspring Multi-Sector Income Fund offers diversified fixed-income exposure with both investment-grade and high-yield allocations, leveraging for enhanced returns. ERC currently trades at a 6.59% discount to NAV, near its long-term average, with a 9.33% distribution yield based on an 8.75% NAV payout policy. Easing short-term rates should benefit ERC by lowering borrowing costs, while its balanced portfolio and global reach add flexibility and diversification.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-12-26 08:30:00CHARLOTTE, N.C. , Dec. 26, 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.
ERC: The Foreign Currency Exposure Is Very Nice Here
seekingalpha.com
2025-11-26 13:34:59The Allspring Multi-Sector Income Fund (ERC) offers a 9.34% yield, blending domestic and foreign bonds, and aims to limit U.S. interest rate risk. ERC has outperformed major bond indices and most peers on total return over the past decade, despite not having the highest yield among multisector CEFs. The fund's managed distribution plan leads to variable monthly payouts, and while recent coverage was tight, NAV has remained stable over the longer term.
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
prnewswire.com
2025-11-13 08:30:00CHARLOTTE, 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.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Funds Board of Trustees Announces New Trustees
prnewswire.com
2025-11-12 16:15:00CHARLOTTE, 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.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-10-31 08:31:00CHARLOTTE, 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.
Allspring Closed-End Funds Announce Changes to their Portfolio Management Teams
prnewswire.com
2025-10-08 08:30:00CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: 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 Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-09-26 08:30:00CHARLOTTE, N.C. , Sept. 26, 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.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
prnewswire.com
2025-08-19 08:30:00CHARLOTTE, 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.
ERC: Paying Out More Than It Earns
seekingalpha.com
2025-08-07 07:29:42I maintain my hold rating on ERC due to its questionable dividend coverage and ongoing risks from the high interest rate environment. ERC offers an attractive 9.3% yield and trades at a wider-than-average discount to NAV, but struggles with dividend sustainability and earnings coverage. The fund's aggressive leverage and high exposure to below-investment-grade debt increase risk, especially if interest rates remain elevated or defaults rise.
Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change
prnewswire.com
2025-07-25 10:43:00CHARLOTTE, 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.
Takeda Announces U.S. FDA Approval of GAMMAGARD LIQUID ERC, the Only Ready-to-Use Liquid Immunoglobulin Therapy with Low Immunoglobulin A (IgA) Content1
businesswire.com
2025-06-30 08:00:00OSAKA, Japan & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Takeda (TSE:4502/NYSE:TAK) today announced that the U.S. Food and Drug Administration (FDA) has approved GAMMAGARD LIQUID ERC [immune globulin infusion (human)] with less than or equal to 2 µg/mL IgA in a 10% solution, the only ready-to-use liquid immunoglobulin (IG) therapy with low immunoglobulin A (IgA) content, as replacement therapy for people two years of age and older with primary immunodeficiency (PI). As a ready-to-use liquid, GAMMAGARD.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
prnewswire.com
2026-02-24 18:01:00CHARLOTTE, N.C., Feb. 24, 2026 /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.
Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Shares Pass Below 50-Day Moving Average – Should You Sell?
defenseworld.net
2026-02-07 04:38:47Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $9.37 and traded as low as $9.36. Allspring Multi-Sector Income Fund shares last traded at $9.42, with a volume of 113,203 shares traded.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2026-01-30 08:30:00CHARLOTTE, N.C., Jan. 30, 2026 /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.
Takeda Announces U.S. Availability of GAMMAGARD LIQUID ERC, the Only Ready-to-Use Liquid Immunoglobulin Therapy with Low Immunoglobulin A (IgA) Content1
businesswire.com
2026-01-22 07:45:00CAMBRIDGE, Mass.--(BUSINESS WIRE)--Takeda (TSE:4502/NYSE:TAK) today announced the U.S. availability of GAMMAGARD LIQUID™ ERC [immune globulin infusion (human)] with less than or equal to 2 µg/mL IgA in a 10% solution, by prescription, approved as replacement therapy for people two years of age and older with primary immunodeficiency (PI). GAMMAGARD LIQUID ERC is a liquid immunoglobulin therapy that does not require reconstitution and has a low immunoglobulin A (IgA) content less than or equal t.
ERC: Strong Long-Term Results For This Multi-Sector Bond Fund
seekingalpha.com
2026-01-16 12:42:54Allspring Multi-Sector Income Fund offers diversified fixed-income exposure with both investment-grade and high-yield allocations, leveraging for enhanced returns. ERC currently trades at a 6.59% discount to NAV, near its long-term average, with a 9.33% distribution yield based on an 8.75% NAV payout policy. Easing short-term rates should benefit ERC by lowering borrowing costs, while its balanced portfolio and global reach add flexibility and diversification.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-12-26 08:30:00CHARLOTTE, N.C. , Dec. 26, 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.
ERC: The Foreign Currency Exposure Is Very Nice Here
seekingalpha.com
2025-11-26 13:34:59The Allspring Multi-Sector Income Fund (ERC) offers a 9.34% yield, blending domestic and foreign bonds, and aims to limit U.S. interest rate risk. ERC has outperformed major bond indices and most peers on total return over the past decade, despite not having the highest yield among multisector CEFs. The fund's managed distribution plan leads to variable monthly payouts, and while recent coverage was tight, NAV has remained stable over the longer term.
Closed-end funds advised by Allspring Funds Management renew share repurchase programs
prnewswire.com
2025-11-13 08:30:00CHARLOTTE, 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.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Funds Board of Trustees Announces New Trustees
prnewswire.com
2025-11-12 16:15:00CHARLOTTE, 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.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-10-31 08:31:00CHARLOTTE, 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.
Allspring Closed-End Funds Announce Changes to their Portfolio Management Teams
prnewswire.com
2025-10-08 08:30:00CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: 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 Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.
Allspring Closed-End Funds Declare Monthly Distributions
prnewswire.com
2025-09-26 08:30:00CHARLOTTE, N.C. , Sept. 26, 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.
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions
prnewswire.com
2025-08-19 08:30:00CHARLOTTE, 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.
ERC: Paying Out More Than It Earns
seekingalpha.com
2025-08-07 07:29:42I maintain my hold rating on ERC due to its questionable dividend coverage and ongoing risks from the high interest rate environment. ERC offers an attractive 9.3% yield and trades at a wider-than-average discount to NAV, but struggles with dividend sustainability and earnings coverage. The fund's aggressive leverage and high exposure to below-investment-grade debt increase risk, especially if interest rates remain elevated or defaults rise.
Allspring Closed-End Funds Declare Monthly Distributions and Announce a Portfolio Manager Change
prnewswire.com
2025-07-25 10:43:00CHARLOTTE, 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.
Takeda Announces U.S. FDA Approval of GAMMAGARD LIQUID ERC, the Only Ready-to-Use Liquid Immunoglobulin Therapy with Low Immunoglobulin A (IgA) Content1
businesswire.com
2025-06-30 08:00:00OSAKA, Japan & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Takeda (TSE:4502/NYSE:TAK) today announced that the U.S. Food and Drug Administration (FDA) has approved GAMMAGARD LIQUID ERC [immune globulin infusion (human)] with less than or equal to 2 µg/mL IgA in a 10% solution, the only ready-to-use liquid immunoglobulin (IG) therapy with low immunoglobulin A (IgA) content, as replacement therapy for people two years of age and older with primary immunodeficiency (PI). As a ready-to-use liquid, GAMMAGARD.