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

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) declared a monthly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.0535 per share by the closed-end fund on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Thursday, March 12th.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Up 0.4%

EAD stock traded up $0.03 during trading on Wednesday, reaching $6.83. 83,590 shares of the stock were exchanged, compared to its average volume of 163,467. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund has a twelve month low of $5.89 and a twelve month high of $7.18. The firm’s 50 day moving average is $6.82 and its 200 day moving average is $6.91.

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

Several large investors have recently added to or reduced their stakes in EAD. Envestnet Asset Management Inc. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 300,980 shares of the closed-end fund’s stock valued at $2,125,000 after acquiring an additional 8,548 shares during the period. Shaker Financial Services LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 4.3% during the 2nd quarter. Shaker Financial Services LLC now owns 587,142 shares of the closed-end fund’s stock worth $4,177,000 after purchasing an additional 24,002 shares during the period. Allworth Financial LP bought a new position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 2nd quarter worth $116,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 151.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 37,312 shares of the closed-end fund’s stock valued at $263,000 after buying an additional 22,465 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 10.8% in the second quarter. Invesco Ltd. now owns 897,364 shares of the closed-end fund’s stock valued at $6,335,000 after acquiring an additional 87,577 shares in the last quarter.

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.