Allspring Multi-Sector Income Fund Declares Monthly Dividend for December

The Allspring Multi-Sector Income Fund (NYSEAMERICAN: ERC) has announced a monthly dividend of $0.0722 per share, set to be paid on December 1, 2023. This decision was disclosed on October 31, 2023, marking a significant return for shareholders. Stockholders on record by November 13, 2023 will qualify for this dividend, which translates to an annualized dividend yield of 9.2%.

As of the announcement, shares of Allspring Multi-Sector Income Fund opened at $9.44. The fund’s performance has shown resilience, with its 50-day moving average at $9.53 and a 200-day moving average at $9.39. Over the past year, the stock has fluctuated between a low of $8.44 and a high of $9.77.

Institutional Investor Activity

Institutional investors have recently adjusted their positions in the Allspring Multi-Sector Income Fund. Notably, Sit Investment Associates Inc. increased its holdings by 84.1% during the first quarter, bringing its total to 2,232,680 shares, valued at approximately $20.6 million. This surge included an acquisition of an additional 1,020,228 shares in the previous quarter.

Similarly, Raymond James Financial Inc. raised its stake by 10.2% in the second quarter, now holding 803,542 shares worth around $7.6 million. The Royal Bank of Canada also increased its holdings by 9.5% in the first quarter, owning 555,704 shares valued at roughly $5.1 million after purchasing an additional 47,988 shares.

Other notable changes include Invesco Ltd., which increased its holdings by 3.8% during the second quarter with 522,545 shares valued at $4.9 million, and Shaker Financial Services LLC, which raised its position by 16.2% in the third quarter. They now own 366,566 shares valued at approximately $3.5 million.

About Allspring Multi-Sector Income Fund

The Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund managed by Wells Fargo Funds Management, LLC, with co-management by First International Advisors, Inc. and Wells Capital Management Incorporated. The fund invests in a diverse range of fixed income markets globally, primarily focusing on non-investment-grade corporate debt securities, bank loans, foreign and emerging market debts, as well as both adjustable and fixed-rate mortgages, and investment-grade corporate bonds.

With this recent dividend announcement, the Allspring Multi-Sector Income Fund continues to demonstrate its commitment to providing value to its shareholders through consistent income distribution, reinforcing its position in the investment community.