Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Plans Monthly Dividend of $0.07

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) declared a monthly dividend on Friday, January 30th. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.0724 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Thursday, February 12th. This is a 0.1% increase from Allspring Multi-Sector Income Fund’s previous monthly dividend of $0.07.

Allspring Multi-Sector Income Fund Stock Performance

Allspring Multi-Sector Income Fund stock remained flat at $9.44 during trading hours on Friday. 90,438 shares of the company’s stock traded hands, compared to its average volume of 104,874. Allspring Multi-Sector Income Fund has a 1 year low of $8.44 and a 1 year high of $9.77. The company’s fifty day moving average is $9.36 and its two-hundred day moving average is $9.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its holdings in Allspring Multi-Sector Income Fund by 94.6% in the 2nd quarter. Guggenheim Capital LLC now owns 334,994 shares of the company’s stock worth $3,166,000 after purchasing an additional 162,810 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Allspring Multi-Sector Income Fund by 10.2% during the 2nd quarter. Raymond James Financial Inc. now owns 803,542 shares of the company’s stock worth $7,593,000 after buying an additional 74,593 shares during the period. Ameriprise Financial Inc. raised its holdings in Allspring Multi-Sector Income Fund by 31.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 253,620 shares of the company’s stock worth $2,430,000 after acquiring an additional 60,193 shares during the period. Shaker Financial Services LLC raised its holdings in Allspring Multi-Sector Income Fund by 16.2% in the 3rd quarter. Shaker Financial Services LLC now owns 366,566 shares of the company’s stock worth $3,540,000 after acquiring an additional 51,013 shares during the period. Finally, Royal Bank of Canada lifted its position in Allspring Multi-Sector Income Fund by 9.5% during the 1st quarter. Royal Bank of Canada now owns 555,704 shares of the company’s stock worth $5,124,000 after acquiring an additional 47,988 shares during the last quarter.

About Allspring Multi-Sector Income Fund

Allspring Multi-Sector Income Fund (NYSE American: ERC) is a closed-end management investment company that seeks to provide high current income and total return by investing in a diversified portfolio of fixed-income securities. The fund trades on the NYSE American exchange and employs an active, research-driven approach to credit selection across multiple sectors of the debt market.

The fund’s investment strategy spans a broad array of fixed-income instruments, including corporate bonds, bank loans, securitized products such as mortgage- and asset-backed securities, and sovereign debt.