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.

The Allspring Utilities and High Income Fund is an underfollowed closed-end fund that invests in a 70/30 portfolio of utility equities and junk bonds. The fund has beaten the S&P 500 Index since March on a total return basis, which is impressive for a utility-focused fund. Utilities are probably better than junk bonds for investors due to junk bonds only having a very low after-tax yield in an environment of rising inflation.

ERH: This Fund Presents An Interesting Opportunity For Income Investors

Allspring Income Opportunities Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Multi-Sector Income Fund

CHARLOTTE, N.C. , Nov. 14, 2024 /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, 2025 and ending December 31, 2025.

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

CHARLOTTE, N.C. , Oct. 25, 2024 /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

Allspring Utilities and High Income Fund focuses on a portfolio of utilities and high-yield bonds, offering income-oriented investors a rather unique mix. The fund has seen a strong recovery from last October's market swoon, but with a double-digit discount remaining, there is potential for further upside. ERH's distribution policy adjusts monthly based on 7% of the fund's average NAV, with the potential for higher payouts as the fund recovers.

ERH: Utilities And High-Yield At A Discount

CHARLOTTE, N.C. , Aug. 14, 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.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

CHARLOTTE, N.C. , May 30, 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.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund

The Allspring Utilities and High Income Fund offers investors a high level of current income with exposure to the upside potential of common equity investments. The ERH closed-end fund's performance over the past three years has been disappointing, underperforming the global utilities index. The fund invests in a combination of utilities and junk bonds, with a focus on utility stocks. However, it has recently cut its distribution and has struggled to cover its distributions in the past.

ERH: Utilities Are Struggling, But This CEF May Work As A Fixed-Income Alternative

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

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

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

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'

John Hancock Financial Opportunities Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

SPDR Dow Jones Industrial Average ETF

John Hancock Tax-Advantaged Global Shareholder Yield Fund

Voya Global Advantage and Premium Opportunity Fund

SPDR S&P 500 ETF Trust

abrdn Life Sciences Investors 

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

Calamos Long/Short Equity & Dynamic Income Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

BNY Mellon Strategic Municipal Bond Fund, Inc.

Eaton Vance

Eaton Vance Short Duration Diversified Income Fund

Eaton Vance California Municipal Bond Fund

Fiduciary / Claymore Mlp Opportunity Fund

Templeton Global Income Fund

Clough Global Opportunities Fund

Eagle Capital Growth Fund Inc

Highland Global Credit Allocation Fund.

abrdn Healthcare Investors 

Nuveen Tax-Advantaged Dividend Growth Fund

Deutsche Municipal Income Trust

BNY Mellon 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

Apollo Senior Floating Rate Fund

Apollo Tactical Income Fund, Inc.

Center Coast Brookfield MLP & Energy Infrastructure Fund

MFS High Yield Municipal Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Floating-Rate 2022 Target Term Trust

Aberdeen Global Income Fund

First Trust Senior Floating Rate Income Fund II

Federated Premier Municipal Income Fund

Franklin Limited Duration Income Trust

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

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