Allspring Global Dividend Opportunity Fund

Allspring Global Dividend Opportunity Fund operates as a closed-end investment fund. Its primary investment objective is to seek a high level of current income, and secondary objective is long-term growth of capital. The company was founded on March 28, 2007 and is headquartered in San Francisco, CA.

Allspring Global Dividend Opportunity Fund operates as a closed-end investment fund. Its primary investment objective is to seek a high level of current income, and secondary objective is long-term growth of capital. The company was founded in 2006 and is headquartered in Charlotte, NC.

Blackrock Income Trust

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Carlyle Credit Income Fund

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Dreyfus High Yield Strategies Fund

First Trust MLP & Energy Income Fund

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

First Trust New Opportunities Mlp & Energy Fund

Western Asset High Income Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

Deutsche Municipal Income Trust

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

MFS Municipal Income Trust

MFS Government Markets Income Trust

BlackRock Municipal Income Fund

Nuveen California Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund

Nuveen New York Quality Muni Income Fund

Nuveen AMT-Free Quality Municipal Income Fund

Virtus Dividend Interest & Premium Strategy Fund

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

ArrowMark Financial

BlackRock Resources & Commodities Strategy Trust

Central Securities

Eaton Vance Tax-Managed Diversified Equity Income Fund

Barings Participation Investors

ONEOK

Oxford Lane Capital

LMP Capital and Income Fund

Liberty All Star Equity Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Plus Yield (February 2024)

Wells Fargo Income Opportunities Fund

Wells Fargo Multi-Sector Income Fund

Wells Fargo Utilities and High Income Fund

CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End Funds

CHARLOTTE, N.C. , Dec. 21, 2023 /PRNewswire/ -- The following Allspring closed-end funds announced today that the Board of Trustees for each Fund has approved the adoption of their respective Amended and Restated By-Laws: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The By-Laws, among other things, contain modified procedural and informational requirements in connection with any advance notice of shareholder proposals or nominations, including certain information about the proponent and the proposal, or in the case of a Trustee nomination, the nominee.

Allspring Closed-End Funds Adopt Amended and Restated By-Laws

CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , Nov. 15, 2023 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2024 and ending December 31, 2024.

Closed-end funds advised by Allspring Funds Management renew share repurchase programs

The EOD Fund is an income-focused closed-end fund, with an 80/20 allocation to global dividend stocks and high yield bonds. The EOD fund has underperformed a simple 80/20 portfolio of URTH/JNK. 'Return of principal' funds like EOD can lead to a decline in both principal and income over time, making them detrimental to investors' portfolios.

EOD: 'Return Of Principal', Avoid This Amortizing Trap

Barings Corporate Investors

We review CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had another down week as August has now erased all of the July rally. Most CEF returns have lagged their yields over the last several years - will the trend continue?

CEF Market Weekly Review: Will CEF Returns Lag Their Yields?

Blackrock Health Sciences Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Strategic Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Nuveen Core Equity Alpha Fund

Putnam High Income Securities Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs that have solid track records, pay high distributions, and are offering "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs To Buy This Month (June 2023)

Blackstone/GSO Senior Floating Rate Term Fund

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Western Asset Mortgage Opportunity Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Invesco High Income 2023 Target Term Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income 2022 Term Fund

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

CEF Weekly Review: Term CEFs Continue To Be Misunderstood

Despite successfully achieving its primary objective of generating high current income, $20 invested in Wells Fargo Advantage Global Dividend Opportunity Fund during 2007 currently has a value of less than $5. Erosion of net assets value and availing an annual return of 2.4 percent in 2007's investment value is not something any investor would wish for.

EOD: Double-Digit Yield Of This Globally Diversified CEF Seems Unsustainable

The EOD Fund is an income-focused closed-end fund. It invests 80% of assets in equities and 20% in fixed income.

EOD: Yield May Not Be Sustainable

CHARLOTTE, N.C., March 15, 2022 /PRNewswire/ -- Dennis Bein, CFA, a portfolio manager of the Allspring Global Dividend Opportunity Fund (NYSE: EOD), has announced his intention to retire from the Systematic Edge team at Allspring Global Investments (Allspring) and the investment industry on September 30, 2022.

Allspring Announces Changes to Global Dividend Opportunity Fund Portfolio Management Team

CHARLOTTE, N.C., Nov. 12, 2021 /PRNewswire/ -- The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

SAN FRANCISCO--(BUSINESS WIRE)--The Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD), a closed-end fund, announced today that the fund's Board of Trustees has approved a change to the fund's managed distribution plan. Effective with the distribution to be declared in August 2021, the plan will provide for the declaration of quarterly distributions to common shareholders of the fund at an annual minimum fixed rate of 9% based on the fund's average monthly net asset value (NAV) per share

Wells Fargo Global Dividend Opportunity Fund Announces Change to Managed Distribution Plan

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

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

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) announced today that Harindra de Silva, Ph.D., CFA, and Dennis Bein, CFA, will be added as portfolio managers to the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) effective immediately. They will join Megan Miller, CFA, in managing the fund's options strategy. Michael Schueller, CFA, Justin Carr, CFA, Vince Fioramonti, CFA, and Chris Lee, CFA, remain as portfolio managers of the fund's fixed-income and equity sleeves

Wells Fargo Asset Management Announces Change to the Wells Fargo Global Dividend Opportunity Fund Portfolio Management Team

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 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 Charter Income Trust

MFS Special Value 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

Banco BBVA Argentina SA

EuroDry Ltd

Gen Digital Inc

ZIOPHARM Oncology

This month's collection of penny stocks has little in common beyond rock-bottom prices and promising technical chart patterns.

Penny Stocks to Buy Using Technical Analysis for October 2020

SAN FRANCISCO--(BUSINESS WIRE)--Effective Aug. 6, 2020, Senior Portfolio Manager Niklas Nordenfelt and Portfolio Manager Philip Susser are no longer portfolio managers of the Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD).

Wells Fargo Asset Management Announces Changes to Closed-End Funds Portfolio Management Teams

Ellsworth Growth and Income Fund

John Hancock Preferred Income Fund

iShares Gold Trust

iShares Global Clean Energy ETF

iShares 5-10 Year Investment Grade Corporate Bond ETF

iShares Global Utilities ETF

Invesco Global Water ETF

ProShares DJ Brookfield Global Infrastructure ETF

Funds are selected based on Risk, Risk Adjusted Returns, Momentum, Income, and Quality Factors.

Funds That Do Well When The Dollar Is Falling And Inflation Rising

News for Allspring Global Dividend Opportunity Fund ETF (EOD)