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Allspring Multi-Sector Income Fund (ERC)

NYSE American - NYSE American Delayed Price. Currency in USD
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9.53+0.03 (+0.32%)
At close: 04:00PM EDT
9.52 +0.02 (+0.17%)
After hours: 04:06PM EDT
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  • S
    Steven
    I started a small position last week. I've got a nice cash cow going and adding pieces to it as I go. I'm collecting divvies every week now. ERC looks like it will be a great addition.
  • d
    dave169
    ERC Managers did a great job with the repurchase this year, lets hope for the same next year!

    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, 2021, and ending December 31, 2021. 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 will continue to receive periodic reports on repurchase activity as part of its ongoing oversight of the programs, which includes deciding whether to renew or discontinue the programs at the end of their terms.

    The Board previously authorized the repurchase during the period from January 1, 2020, through December 31, 2020, of an aggregate of up to 10% of the outstanding shares of each fund. Through October 31, 2020, EOD repurchased 313,229 shares (or 0.71% of outstanding shares), EAD repurchased 86,116 shares (or 0.14% of outstanding shares), ERC repurchased 2,185,121 shares (or 7.15% of outstanding shares), and ERH repurchased 4,700 shares (or 0.05% of outstanding shares).
  • d
    dave169
    $EOD conversation
    I called Allspring today and asked about the funds and the dividends.
    I was told that it's a rebranding and the dividends will be paid as they have been.
    $EAD, $EOD, $ERH, $ERC
  • d
    dave169
    So WF told Allspring funds to renew the repurchase agreement for 2022.
    Only one of the four funds $EOD actually did a repurchase but not all 10%.
    $EAD, $ERC, and $ERH did not repurchase any shares during this period.
    That is not acceptable! call Allspring and tell them as an investor you want them to repurchase and do their jobs better!
  • D
    David Tung
    ROC!!!!!
  • d
    dave169
    Under $10!! Time to buy!
    Get it while you can!
    I added more today :)
  • r
    richard 32
    With Allspring buying shares, this will keep shares very strong !
    Bullish
  • A
    Anonymous
    One of the best CEF's out there.
    8.00% yield steady gains,
    Bullish
  • d
    dave169
    $SDIV conversation
    If you want to expand your dividend paying funds check out:
    $BKCC, $EAD, $EOD, $ERH, $ERC, $PFD and $PDT

    GLTA! and have a great 2022!
  • B
    BullishBear
    For new investors; not sure if you ever ran a business but business 101 is delegate positions so you can focus on running a company.

    Heres few hats that Andrew wears, floating his income right along, you tell me if this is manageable;

    CFO and director of the following, including a mix of the same names throughout each company which also get paid by $RHC - this is a massive red flag!

    $EFF
    $KAP
    $WTR
    $ERC
    $OMM
    $MAS
    $FNR
    $SMP

    Ceo of
    $RHC
  • A
    Anonymous
    This fund has seem to go on down when all spring has taken over or is it the fact that the market is going down both kind of happened at the same time
  • d
    dave169
    Dividend is going up :)
    Price still at a reasonable level.
    Good time to buy!
  • D
    David Tung
    ALIVE ????????????? LONG TIME NO-SEE with a 2% green !!!!!!!
  • B
    Bob L.
    Buy QYLD....monthly pay, they write covered calls against best stocks....APPL AMZN GOOG TSLA MSFT...forget the rest.
  • j
    jack
    What’s NAV of the ERC?
  • d
    dave169
    $MO conversation
    For my dividend hungry friends, check these out:

    $MPW, $ERC, $HPI, $SDIV, $OUT

    They may or may not fit your style.
    GLTA
    Bullish
  • S
    Saint Preferred
    25% of dividend is ROC. So real yield is 25% less than stated yield.
  • A
    Anonymous
    This puppy only goes up by the looks of it. Loving that Dividend as well
  • A
    Anonymous
    good scotch yes very good day not much activity here
    25% return plus 8% div unbelievabe
  • r
    richard 32
    Nothing about Mar. div. yet !
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