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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Tuesday, May 19th. Investors of record on Thursday, June 11th will be given a dividend of 0.0534 per share by the closed-end fund on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Thursday, June 11th. This is a 0.1% increase from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Down 0.8%

NYSEAMERICAN EAD opened at $6.40 on Wednesday. The firm has a 50-day simple moving average of $6.56 and a 200 day simple moving average of $6.73. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a twelve month low of $6.24 and a twelve month high of $7.18.

Institutional Investors Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Hedge funds have recently made changes to their positions in the stock. Peak Planning Group LLC bought a new position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the fourth quarter worth about $8,062,000. Sit Investment Associates Inc. increased its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 23.8% in the fourth quarter. Sit Investment Associates Inc. now owns 1,619,702 shares of the closed-end fund’s stock valued at $10,982,000 after purchasing an additional 311,355 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at approximately $832,000. Corient Private Wealth LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the fourth quarter valued at approximately $819,000. Finally, Adapt Wealth Advisors LLC acquired a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the third quarter valued at approximately $759,000.

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.