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.
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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).
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
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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!
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ROC!!!!!
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Under $10!! Time to buy! Get it while you can! I added more today :)
r
With Allspring buying shares, this will keep shares very strong !
Bullish
A
One of the best CEF's out there. 8.00% yield steady gains,
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).
I was told that it's a rebranding and the dividends will be paid as they have been.
$EAD, $EOD, $ERH, $ERC
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!
Get it while you can!
I added more today :)
8.00% yield steady gains,
$BKCC, $EAD, $EOD, $ERH, $ERC, $PFD and $PDT
GLTA! and have a great 2022!
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
Price still at a reasonable level.
Good time to buy!
$MPW, $ERC, $HPI, $SDIV, $OUT
They may or may not fit your style.
GLTA
25% return plus 8% div unbelievabe