Allspring Income Opportunities Fund

Allspring Income Opportunities Fund is a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA.

Allspring Income Opportunities Fund operates as a closed-end management investment company. It seeks current income and capital appreciation through investment in below investment grade debt securities, loans, and preferred stocks. The company was founded on December 3, 2002 and is headquartered in San Francisco, CA.

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PCM Fund

Principal Real Estate Income Fund

Western Asset Diversified Income Fund

Stocks finished the week up nicely with the S&P 500 up nearly 1% and the Nasdaq up just over 1%, for all new record highs.

YH Weekly Commentary Peak

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Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

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Blackstone Long-Short Credit Income Fund

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Doubleline Opportunistic Credit Fund

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Blackrock Debt Strategies Fund Inc

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Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

First Trust MLP & Energy Income Fund

First Trust New Opportunities Mlp & Energy Fund

PGIM Global High Yield Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

John Hancock Preferred Income Fund

PGIM High Yield Bond Fund

Pioneer Floating Rate Trust

Pioneer High Income Trust

Only funds with yields over 6.50%, coverage higher than 80% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, July 2021

Allspring Global Dividend Opportunity Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

SAN FRANCISCO--(BUSINESS WIRE)--In connection with the proposed sale by Wells Fargo & Company of Wells Fargo Asset Management (WFAM) to a holding company affiliated with private funds of GTCR LLC and Reverence Capital Partners, L.P. announced on February 23, 2021, shareholders of the Wells Fargo closed-end funds identified below (each, a “Fund” and, collectively, the “Funds”) were asked to approve new investment advisory and sub-advisory agreements for the Funds at special meetings of share

Results of Special Shareholder Meetings of Wells Fargo Closed-End Funds

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

Credit Suisse High Yield Bond Fund

First Trust Preferred Securities & Income ETF

iShares International Preferred Stock ETF

Nuveen Preferred & Income Term Fund

KKR Income Opportunities Fund

Virtus InfraCap U.S. Preferred Stock ETF

We review CEF market valuation and performance over the last week of July and highlight recent market events. July CEF returns were wrapped around zero in aggregate as higher NAVs were offset by wider discounts.

CEF Weekly Market Review: Market Takes July Off

PIMCO Strategic Income Fund Inc

Let's shrug off today's “dividend desert” and do something most folks think is impossible.

3 Big Dividends That Could Pay You $3,410 A Month

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that following approval by the Board of Trustees of the Wells Fargo Funds on July 15, 2021, the WFAM closed-end funds will change their names to include the name Allspring. The name change is expected to go into effect on October 11, 2021. The new closed-end fund names will be: Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and

Wells Fargo Closed-End Funds Announce Change of Name

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that the Wells Fargo Income Opportunities Fund (NYSE American: EAD), Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD), (collectively, the “Funds”), announced a change of date of the previously announced Special Meeting of Shareholders (the “Meeting”) from July 15, 2021, to Augus

Wells Fargo Closed-End Funds Announce Change of Date of Special Meeting of Shareholders

SAN FRANCISCO--(BUSINESS WIRE)--Each fund listed below has announced that its Board of Trustees has approved a new investment advisory agreement and new sub-advisory agreement(s), and has announced record and meeting dates for a special meeting of shareholders: Wells Fargo Income Opportunities Fund (NYSE American: EAD) Wells Fargo Multi-Sector Income Fund (NYSE American: ERC) Wells Fargo Utilities and High Income Fund (NYSE American: ERH) Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD)

Wells Fargo Closed-End Funds Announce Board Approval of New Investment Advisory and Sub-Advisory Agreements

MFS Municipal Income Trust

Invesco Municipal Income Opportunities Trust

Invesco Bond Fund

In a low-yield environment, alpha is the new beta. We take a look at how to source cheap alpha in CEFs by pinpointing funds with a history of consistent alpha and trading at attractive valuations.

Sourcing Cheap Alpha In CEFs

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Western Asset Mortgage Opportunity Fund

Nuveen Preferred & Income Opportunities Fund

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Pimco Global Stockplus & Income Fund

Expensive valuations, low underlying yields and increased issuer calls have generated concerns about CEF distribution cuts. We take a look at ways investors can mitigate the risk of CEF distribution cuts.

How To Lower The Risk Of CEF Distribution Cuts

Here we go again! Wells Fargo recently announced the sale of its asset management business to GTCR and Reverence Capital.

EAD And EOD: Wells Fargo Sells Asset Management Business - The Opportunities?

AllianceBernstein Global High Income Fund Inc

iShares Fallen Angels USD Bond ETF

Western Asset High Income Opportunity Fund Inc

New American High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

BlackRock Corporate High Yield Fund

Nuveen Credit Opportunities 2022 Target Term Fund

MFS Charter Income Trust

Neuberger Berman High Yield Strategies Fund Inc

Brookfield Real Assets Income Fund

Invesco High Income Trust II

The high-yield CEF sector has done well though not as well as other sectors in terms of discount returns in the last month (+1.3%). The sector as a whole is near its long-term fair value with a discount of -5%. But with spreads near the pre-COVID tightest levels, there isn't much upside for NAVs.

CEF Analysis: High-Yield Sector Update

We take a look at the high-yield CEF sector which enjoys an above average yield across the CEF space and a still reasonable discount valuation.

High Yield CEF Sector Update

Blackstone/GSO Senior Floating Rate Term Fund

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Eaton Vance

The CEF market has seen very strong performance to finish out the year. With valuations tightening and a number of risks on the radar, it makes sense to take a margin-of-safety approach to income portfolios.

CEF Margin Of Safety Opportunities Update

Voya Prime Rate Trust

Reaves Utility Income Fund

Utilities Select Sector SPDR Fund

"Quality" is a term much bandied about in the CEF space without a clear definition as to what qualifies as a "quality fund" We suggest two dimensions of quality: CEF outperformance relative to its sector and open-end fund alternatives as well as good governance features.

What Makes A 'Quality' CEF?

We take a look at EAD - a high-yield corporate CEF trading at an 8.77% yield and 11.4% discount. EAD is on the more defensive side of the HY CEF sector, due to its stronger credit rating profile, lower leverage and volatility.

EAD: A More Defensive High-Yield Fund With Tailwinds

Nuveen S&P 500 Buy-Write Income Fund

MFS Intermediate High Income Fund

Nuveen Dow 30 Dynamic Overwrite Fund

Sprott Focus Trust

India Fund Inc

Nuveen Core Equity Alpha Fund

Nuveen Diversified Dividend And Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen Real Estate Income Fund

Nuveen Tax-Advantaged Total Return Strategy Fund

Nuveen Tax-Advantaged Dividend Growth Fund

MFS Special Value Trust

MFS Government Markets Income Trust

MFS Intermediate Income Trust

MFS Multimarket Income Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Royce Micro-Cap Trust

Royce Value Trust

Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has already caused some CEFs to lower their distributions as a result of the March drawdown, causing their discounts to widen relative to their sectors.

Preparing For Distribution Changes For CEFs With MDPs

BlackRock Multi-Sector Income Trust

Highland Income Fund

If your dividend portfolio is like that of most investors I know, you’re probably getting paid quarterly.

News for Allspring Income Opportunities Fund ETF (EAD)