Allspring Multi-Sector Income Fund (ERC) to Issue Monthly Dividend of $0.07 on June 1st

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, April 24th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.0726 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, May 11th.

Allspring Multi-Sector Income Fund Price Performance

Shares of NYSEAMERICAN ERC opened at $9.16 on Friday. The stock has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.29. Allspring Multi-Sector Income Fund has a 1-year low of $8.72 and a 1-year high of $9.77.

Hedge Funds Weigh In On Allspring Multi-Sector Income Fund

Large investors have recently made changes to their positions in the stock. Calamos Advisors LLC bought a new position in shares of Allspring Multi-Sector Income Fund in the first quarter worth $596,000. International Assets Investment Management LLC boosted its holdings in shares of Allspring Multi-Sector Income Fund by 8.2% in the first quarter. International Assets Investment Management LLC now owns 35,670 shares of the company’s stock worth $324,000 after acquiring an additional 2,700 shares during the period. Rareview Capital LLC boosted its holdings in shares of Allspring Multi-Sector Income Fund by 20.8% in the first quarter. Rareview Capital LLC now owns 183,467 shares of the company’s stock worth $1,734,000 after acquiring an additional 31,591 shares during the period. World Investment Advisors boosted its holdings in shares of Allspring Multi-Sector Income Fund by 26.3% in the fourth quarter. World Investment Advisors now owns 17,685 shares of the company’s stock worth $164,000 after acquiring an additional 3,682 shares during the period. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Allspring Multi-Sector Income Fund by 20.2% in the fourth quarter. Sit Investment Associates Inc. now owns 3,060,969 shares of the company’s stock worth $28,467,000 after acquiring an additional 514,147 shares during the period.

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.