Allspring Income Opportunities Fund

Allspring Income Opportunities Fund is a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA.

Allspring Income Opportunities Fund operates as a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA.

Allspring Global Dividend Opportunity Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

CHARLOTTE, N.C. , Nov. 14, 2024 /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, 2025 and ending December 31, 2025.

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

BlackRock Credit Allocation Income Trust

Western Asset High Income Fund

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

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.

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

CHARLOTTE, N.C. , Oct. 25, 2024 /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 Distributions

CHARLOTTE, N.C. , Aug. 14, 2024 /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 Closed-End Funds Declare Monthly and Quarterly Distributions

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.

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

CHARLOTTE, N.C. , May 30, 2024 /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 Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

Allspring Income Opportunities Fund offers a 9.35% yield, comparable to other junk bond funds. The fund's shares have increased while the bond market and the fund's NAV have declined, but it still trades at a discount. EAD has a high percentage of assets invested in CCC or lower junk debt, which carries a higher risk of default.

EAD: This CEF Should Be A Good Source Of Income If The Bond Market Holds Up

CHARLOTTE, N.C. , Feb. 22, 2024 /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 and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

The Allspring Income Opportunities Fund is a junk bond fund that provides a very respectable 9.52% yield to its shareholders. The EAD closed-end fund has been performing quite well over the past few months, as investors have become very optimistic about the Federal Reserve cutting interest rates. The market is almost certainly wrong about the degree of 2024 rate cuts, which could result in short-term pain for anyone who buys the fund at today's levels.

EAD: A Great Junk Bond Fund That Could Experience Some Short-Term Pain

CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended and Restated By-Laws: 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 By-Laws, among other things, contain modified procedural and informational requirements in connection with any advance notice of shareholder proposals or nominations, including certain information about the proponent and the proposal, or in the case of a Trustee nomination, the nominee.

Allspring Closed-End Funds Adopt Amended and Restated By-Laws

Carlyle Credit Income Fund

MFS High Yield Municipal Trust

Nuveen Quality Municipal Income Fund

We review CEF market valuation and performance through the fourth week of November and highlight recent market action. CEFs had a good week, with November coming in as the second-best month in the last several years. We discuss the impact on net income of a deleveraging across several BlackRock Muni CEFs.

CEF Weekly Review: Deleveraging Is Less Damaging For Net Income These Days

CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), a closed-end fund, announced today that the fund's Board of Trustees has approved a change to the fund's managed distribution plan.

Allspring Income Opportunities Fund Announces Change to Managed Distribution Plan

This bond has been paying an 8.25% income stream to EAD ever since the fund's managers bought nearly $4 million worth of these bonds.

An Inside Look At How Corporate-Bond CEFs Pay 9%+ Yields

Barings Corporate Investors

Barings Participation Investors

We review CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had another down week as August has now erased all of the July rally. Most CEF returns have lagged their yields over the last several years - will the trend continue?

CEF Market Weekly Review: Will CEF Returns Lag Their Yields?

Barings Global Short Duration High Yield Fund

First Trust High Income Long/Short Fund

PGIM Global High Yield Fund

Western Asset High Income Opportunity Fund Inc

Western Asset High Yield Defined Opportunity Fund Inc

BlackRock Corporate High Yield Fund

PGIM High Yield Bond Fund

KKR Income Opportunities Fund

Too many folks are letting so-called “safe” yields on Treasuries distract them from the real action these days: 10 “stealth” bond plays yielding way more!

10 Big 9%+ Dividends 'Basic' Investors Have Missed

Blackstone/GSO Senior Floating Rate Term Fund

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Western Asset Mortgage Opportunity Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Invesco High Income 2023 Target Term Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income 2022 Term Fund

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

CEF Weekly Review: Term CEFs Continue To Be Misunderstood

EAD is a leveraged loan/high yield bond CEF. The fund benchmarks favorably with the golden standards in the space, namely VVR and AIF.

EAD: Continuing To Perform, 9% Yield

ClearBridge Energy MLP Fund Inc

MFS Intermediate High Income Fund

ClearBridge Energy MLP Total Return Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

MFS Special Value Trust

Tortoise Energy Independence Fund, Inc.

Neuberger Berman High Yield Strategies Fund Inc

Adams Natural Resources Fund Inc

Invesco High Income Trust II

For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 11% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: October 2022

Allspring Income Opportunities Fund (EAD) is a fixed income closed-end fund. The vehicle focuses on leveraged loans and high-yield bonds and runs a modest duration of 3.8 years.

EAD: A Classic Leveraged Loans / High Yield Bonds CEF

iShares iBonds 2026 Term High Yield and Income ETF

SPDR Bloomberg Short Term High Yield Bond ETF

Western Asset Diversified Income Fund

High-yield corporate bond yields have nearly doubled this year on the back of the rise in Treasury yields and a back-up in credit spreads. At current yields, we find corporate bonds attractive in an environment of low default rates, strong macro indicators and decent corporate fundamentals.

Why We Are Buying 7-10% Yielding Corporate Credit

DoubleLine Income Solutions Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

We review CEF market valuation and performance over the third week of November and highlight recent market events. The CEF market had an off-week with nearly all sectors delivering lower NAVs and wider discounts.

CEF Weekly Market Review: Mind Your CEF Expenses

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

BlackRock Virginia Municipal Bond Trust

Calamos Long/Short Equity & Dynamic Income Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Fiduciary / Claymore Mlp Opportunity Fund

Templeton Global Income Fund

Clough Global Opportunities Fund

Eagle Capital Growth Fund Inc

Highland Global Credit Allocation Fund.

abrdn Healthcare Investors 

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

BNY Mellon Strategic Municipals, Inc.  

BlackRock MuniYield California Quality Fund Inc

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags.

Weekly Closed-End Fund Roundup: November 7, 2021

CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- 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.

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

The longstanding policies of the Federal Reserve have made it incredibly difficult for investors to generate any significant amount of income off of the assets in their portfolios. EAD invests in a diversified portfolio of junk bonds in order to achieve a higher yield than most other things in the market.

EAD: A High-Yield Play To Overcome Fed Policy

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that the closed-end funds' names are expected to change from “Wells Fargo” to “Allspring” on December 6, 2021. This date replaces the previously announced date of October 11, 2021. The Board of Trustees of the Wells Fargo Funds approved the closed-end fund name changes to include the name Allspring on July 15, 2021. The new closed-end fund names will be: Allspring Income Opportunities Fund (NYSE American: EAD) A

News for Allspring Income Opportunities Fund ETF (EAD)