Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Plans Dividend Increase – $0.07 Per Share

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, June 26th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.0728 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Friday, July 10th. This is a 0.0% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Trading Up 0.4%

Shares of ERC opened at $9.10 on Friday. Allspring Multi-Sector Income Fund has a fifty-two week low of $8.72 and a fifty-two week high of $9.77. The stock has a fifty day moving average of $9.07 and a two-hundred day moving average of $9.20.

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.