Wells Fargo Utilities and High Income Fund

Allspring Utilities & High Income Fund is a diversified closed-end management investment company. It seeks a level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The company was founded on February 4, 2004 and is headquartered in San Francisco, CA.

Wells Fargo Income Opportunities Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Multi-Sector Income Fund

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

CHARLOTTE, N.C. , Oct. 27, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Closed-End Funds Declare Monthly Distributions

ERH is a closed-end fund that invests in utility and high-yield bonds and offers investors a monthly distribution based on a managed policy. The fund's discount has widened, making it a more attractive option for investors. ERH's distribution policy varies monthly but is predictable, and it rewards shareholders when things are going well.

ERH: A Decent Discount Opens Up For Utility And High Yield Exposure

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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

Reaves Utility Income Fund

Reaves Utility Income Trust yields 8.27% and Allspring Utilities and High Income Fund yields 8.49%, and both closed-end funds pay monthly. Both funds hold Utilities as their main sector exposure.

UTG Vs. ERH: Two 8% Yielding Monthly Pay CEFs

ERH provides exposure to utilities and high-yield bonds. The ERH fund pays an attractive 8.7% distribution yield but has only delivered 5.2% average annual returns over 5 years.

ERH: Underperforms A Simple XLU/JNK Portfolio

Utilities have long been a favorite asset class of conservative investors due to their financial stability and high yields. Allspring Utilities and High Income Fund invests in a portfolio of both utilities and high-yield bonds, which works pretty well for both high income and a degree of safety.

ERH: Some Concerns About The Distribution But Otherwise A Good CEF

ERH takes a fairly unique approach to invest in both utility equities and high-yield bonds. While this is a fairly odd combination, it isn't the only fund to focus on this type of allocation.

ERH: An Interesting Play, But Not Cheap Enough For A 'Buy'

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Cornerstone Total Return Fund Inc

SPDR Dow Jones Industrial Average ETF

John Hancock Tax-Advantaged Global Shareholder Yield Fund

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Tekla Healthcare Opportunities

During a week in which Microsoft, Alphabet, Meta Platforms and Amazon dropped an average -12.1% after their earnings, one would think the Nasdaq-100 would be close to its YTD low. But instead, the Nasdaq-100 soared +3.1% on Friday as investors disregarded those disappointing tech company earnings earlier in the week and instead focused on Apple's earnings.

Equity CEF Performances: Updated Through Oct. 28, 2022

ERH is an interesting closed-end fund with an unusual focus on utility exposure and high yield. This investment focus means they are more focused on regular dividends and interest payments, which can help provide regular cash coming into the fund.

ERH: Utilities And High Yield, Getting To A Better Valuation

ERH is a closed-end fund with a 70/30 utilities and high yield bonds bucketing. The fund has enviable long-term returns (the 10-year annualized return clocks in at 11.2%) and risk/reward analytics that compare favorably with the more popular DNP fund.

ERH: Buy This Vaunted Utilities Fund, An Alternative To DNP

CHARLOTTE, N.C. , April 1, 2022 /PRNewswire/ -- The Allspring Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today's distribution in a Notice provided to shareholders.

Allspring Utilities and High Income Fund Announces Sources of Distribution

CHARLOTTE, N.C., Dec. 1, 2021 /PRNewswire/ -- The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today's distribution in a Notice provided to shareholders.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Liberty All-Star Growth Fund

BlackRock 2022 Global Income Opportunity Trust

BlackRock Virginia Municipal Bond Trust

MFS Intermediate High Income Fund

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Dreyfus Municipal Bond Infrastructure Fund

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Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Fiduciary / Claymore Mlp Opportunity Fund

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Clough Global Opportunities Fund

Eagle Capital Growth Fund Inc

Highland Global Credit Allocation Fund.

Tekla Healthcare Investors

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

Dreyfus Strategic Municipals Inc

BlackRock MuniYield California Quality Fund Inc

21 out of 24 CEF sectors positive on price and 22 out of 24 sectors positive on NAV last week. US equity leads while emerging market income lags.

Weekly Closed-End Fund Roundup: November 7, 2021

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

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Center Coast Brookfield MLP & Energy Infrastructure Fund

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Federated Premier Municipal Income Fund

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GGM Macro Alignment ETF

Gabelli Go Awhr Registered Shs

Guggenheim Strategic Opportunities Fund

Guggenheim Enhanced Equity Income Fund

Gabelli Utility Trust

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

Weekly Closed-End Fund Roundup: Sept. 26, 2021

ERH is getting more expensive since we last covered the fund for seemingly no reason.

ERH: Utilities And High Yield, But Looking Expensive

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

ERH takes a different approach to investing in utilities by also investing in high yield. This is a bit similar to ZTR; however, ZTR doesn't limit itself to high yield fixed-income securities.

ERH: Unique Portfolio Of Utilities And High Yield

Atmos Energy

BlackRock Utilities Infrastructure & Power Opportunities Trust

DNP Select Income Fund Inc

Duff & Phelps Global Utility Income Fund Inc

Direxion Flight to Safety Strategy ETF

Fidelity MSCI Utilities Index ETF

Gabelli Global Utility & Income Trust

iShares U.S. Utilities ETF

John Hancock Dynamic Municipal Bond ETF

iShares Global Utilities ETF

NextEra Energy

VanEck Vectors Uranium+Nuclear Energy ETF

Invesco S&P SmallCap Utilities & Communication Services ETF

Invesco DWA Utilities Momentum ETF

Invesco S&P 500 Equal Weight Utilities ETF

ProShares UltraShort Utilities

Reaves Utilities ETF

Vanguard Utilities ETF

Energy Select Sector SPDR Fund

Utilities Select Sector SPDR Fund

Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Utilities names through every type of investing environment.

Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett (Podcast Transcript)

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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

MFS Charter Income Trust

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

Pimco California Municipal Income Fund

The Coronavirus And Closed-End Funds

News for Wells Fargo Utilities and High Income Fund ETF (ERH)