|Bid||8.25 x 1400|
|Ask||8.26 x 800|
|Day's Range||8.21 - 8.27|
|52 Week Range||6.91 - 8.31|
|Beta (3Y Monthly)||-0.08|
|PE Ratio (TTM)||14.13|
|Forward Dividend & Yield||0.71 (8.66%)|
|1y Target Est||N/A|
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.
The Wells Fargo Income Opportunities Fund , the Wells Fargo Multi-Sector Income Fund , the Wells Fargo Utilities and High Income Fund , and the Wells Fargo Global Dividend Opportunity Fund have each announced a distribution.
The funds’ Board of Trustees has authorized the repurchase of an aggregate of up to 10% of each fund’s outstanding shares in open-market transactions during the period beginning January 1, 2019, and ending December 31, 2019. The Board has again delegated to Wells Fargo Funds Management, LLC, discretion to determine the amount and timing of repurchases of shares of each fund in accordance with the best interests of the fund and subject to applicable legal limitations. The Board previously authorized the repurchase during the period from January 1, 2018, through December 31, 2018, of an aggregate of up to 10% of the outstanding shares of each fund.
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), a closed-end fund, announced today that the fund’s Board of Trustees has approved the commencement of a managed distribution plan. The managed distribution plan will go into effect beginning with the monthly distribution to be declared in September 2018. The plan provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months.