Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) to Issue Monthly Dividend of $0.07

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) announced a monthly dividend on Friday, January 30th. Shareholders of record on Thursday, February 12th will be given a dividend of 0.0724 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, February 12th. This is a 0.1% 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 $9.44 on Friday. The stock has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $9.43. Allspring Multi-Sector Income Fund has a 12 month low of $8.44 and a 12 month high of $9.77.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Several institutional investors have recently added to or reduced their stakes in ERC. International Assets Investment Management LLC raised its stake in shares of Allspring Multi-Sector Income Fund by 6.2% during the 2nd quarter. International Assets Investment Management LLC now owns 34,402 shares of the company’s stock worth $325,000 after buying an additional 2,000 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of Allspring Multi-Sector Income Fund by 6.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 44,717 shares of the company’s stock valued at $423,000 after purchasing an additional 2,740 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Allspring Multi-Sector Income Fund by 12.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,510 shares of the company’s stock valued at $238,000 after purchasing an additional 2,793 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Allspring Multi-Sector Income Fund by 8.0% in the 2nd quarter. Osaic Holdings Inc. now owns 75,808 shares of the company’s stock valued at $716,000 after purchasing an additional 5,604 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Allspring Multi-Sector Income Fund by 23.4% during the second quarter. Envestnet Asset Management Inc. now owns 31,028 shares of the company’s stock worth $293,000 after buying an additional 5,877 shares in 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.