Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends
March 16 2012 - 4:04PM
Business Wire
Wells Fargo Funds Management, LLC, announced today the dividend
declaration for the Wells Fargo Advantage Income Opportunities Fund
(NYSE Amex:EAD), the Wells Fargo Advantage Multi-Sector Income Fund
(NYSE Amex:ERC), and the Wells Fargo Advantage Utilities and High
Income Fund (NYSE Amex:ERH).
The Wells Fargo Advantage Income Opportunities Fund is a
closed-end high-yield bond fund. The fund’s investment objective is
to seek a high level of current income. The fund may, as a
secondary objective, seek capital appreciation to the extent it is
consistent with its investment objective.
The Wells Fargo Advantage Income Opportunities Fund declared the
following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share March 16, 2012 April 12,
2012 April 16, 2012 May 1, 2012 $0.085/share
The Wells Fargo Advantage Multi-Sector Income Fund is a
closed-end bond fund. The fund’s primary investment objective is to
seek a high level of current income consistent with limiting its
overall exposure to domestic interest-rate risk.
The Wells Fargo Advantage Multi-Sector Income Fund declared the
following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share March 16, 2012 April 12,
2012 April 16, 2012 May 1, 2012 $0.10/share
The Wells Fargo Advantage Utilities and High Income Fund is a
closed-end equity and high-yield bond fund. The fund’s primary
investment objective is to seek a high level of current income and
moderate capital growth, with an emphasis on providing
tax-advantaged dividend income.
The Wells Fargo Advantage Utilities and High Income Fund
declared the following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share March 16, 2012 April 12,
2012 April 16, 2012 May 1, 2012 $0.075/share
These closed-end funds are no longer offered as an initial
public offering and are only offered through broker/dealers on the
secondary market. Unlike an open-end mutual fund, a closed-end
fund offers a fixed number of shares for sale. After the initial
public offering, shares are bought and sold in the secondary
marketplace, and the market price of the shares is determined by
supply and demand, not by net asset value (NAV), often at a lower
price than the NAV. A closed-end fund is not required to buy its
shares back from investors upon request.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of
Wells Fargo & Company, provides investment advisory and
administrative services for Wells Fargo Advantage Funds®. Other
affiliates of Wells Fargo & Company provide subadvisory and
other services for the funds. The open-end funds are distributed by
Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an
affiliate of Wells Fargo & Company. For more information on
Wells Fargo Advantage Funds, please visit
wellsfargoadvantagefunds.com. 208744 3-12
NOT FDIC INSURED • NO BANK GUARANTEE • MAY
LOSE VALUE
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