Allspring Multi-Sector Income Fund (ERC) To Go Ex-Dividend on June 11th

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Tuesday, May 19th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.0728 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Thursday, June 11th. This is a 0.2% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Price Performance

Allspring Multi-Sector Income Fund stock opened at $8.96 on Thursday. The firm has a fifty day simple moving average of $9.07 and a two-hundred day simple moving average of $9.27. Allspring Multi-Sector Income Fund has a twelve month low of $8.72 and a twelve month high of $9.77.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of ERC. Sit Investment Associates Inc. raised its stake in shares of Allspring Multi-Sector Income Fund by 20.2% during the fourth quarter. Sit Investment Associates Inc. now owns 3,060,969 shares of the company’s stock valued at $28,467,000 after acquiring an additional 514,147 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Allspring Multi-Sector Income Fund by 29.0% during the fourth quarter. Guggenheim Capital LLC now owns 711,529 shares of the company’s stock valued at $6,617,000 after acquiring an additional 160,109 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Allspring Multi-Sector Income Fund during the fourth quarter valued at about $832,000. Independent Financial Group LLC bought a new position in shares of Allspring Multi-Sector Income Fund during the first quarter valued at about $690,000. Finally, Raymond James Financial Inc. raised its stake in shares of Allspring Multi-Sector Income Fund by 10.2% during the second quarter. Raymond James Financial Inc. now owns 803,542 shares of the company’s stock valued at $7,593,000 after acquiring an additional 74,593 shares during the last quarter.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.