Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) to Issue $0.05 Monthly Dividend

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Friday, December 26th. Investors of record on Monday, January 12th will be paid a dividend of 0.0535 per share by the closed-end fund on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Monday, January 12th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund stock traded up $0.03 during trading hours on Friday, reaching $6.82. The stock had a trading volume of 133,617 shares, compared to its average volume of 172,222. The business’s 50 day moving average price is $6.84 and its 200-day moving average price is $6.96. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a 52 week low of $5.89 and a 52 week high of $7.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Strategic Advocates LLC acquired a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter valued at approximately $32,000. Wolverine Asset Management LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter valued at $67,000. Oppenheimer & Co. Inc. acquired a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 3rd quarter valued at $101,000. Northwestern Mutual Wealth Management Co. raised its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 285.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 14,847 shares of the closed-end fund’s stock worth $102,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 549.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 15,103 shares of the closed-end fund’s stock worth $103,000 after acquiring an additional 12,779 shares during the period.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

The Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSE American: EAD) is a diversified, closed-end management investment company that seeks current income by investing primarily in a broad array of income-producing debt instruments. Originally launched as part of the Wells Fargo Advantage Funds family, the fund is now managed by Allspring Global Investments. It trades on the NYSE American exchange under the ticker symbol EAD and aims to deliver attractive risk-adjusted returns through a disciplined fixed-income strategy.

The fund’s investment portfolio typically includes corporate bonds spanning investment-grade and high-yield issues, U.S.