Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends
September 27 2013 - 4:03PM
Business Wire
The Wells Fargo Advantage Income Opportunities Fund (NYSE MKT:
EAD), the Wells Fargo Advantage Multi-Sector Income Fund (NYSE MKT:
ERC), and the Wells Fargo Advantage Utilities and High Income Fund
(NYSE MKT: ERH) each announced today its dividend declaration.
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:
Declaration date Ex-dividend
date Record date
Payable date
Dividend/share September 27, 2013 October 11, 2013 October
15, 2013 November 1, 2013 $0.068/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:
Declaration date Ex-dividend
date Record date
Payable date
Dividend/share September 27, 2013 October 11, 2013 October
15, 2013 November 1, 2013 $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:
Declaration date Ex-dividend
date Record date
Payable date
Dividend/share September 27, 2013 October 11, 2013 October
15, 2013 November 1, 2013 $0.075/share
The final determination of the source of all dividend
distributions in the current year will be made after year-end. The
actual amounts and sources of the amounts for tax reporting
purposes will depend upon a fund’s investment experience during the
remainder of the fiscal year and may be subject to change based on
tax regulations. Each fund will send shareholders a Form 1099-DIV
for the calendar year that will tell shareholders how to report
these distributions for federal income tax purposes.
These closed-end funds are no longer offered as an initial
public offering, and shares 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), and
is often lower than the NAV. A closed-end fund is not required to
buy its shares back from investors upon request.
High-yield, lower-rated bonds may contain more risk due to the
increased possibility of default. Foreign investments may contain
more risk due to the inherent risks associated with changing
political climates, foreign market instability, and foreign
currency fluctuations. Risks of international investing are
magnified in emerging or developing markets. Funds that concentrate
their investments in a single industry or sector may face increased
risk of price fluctuation over more diversified funds due to
adverse developments within that industry or sector. Nondiversified
funds may face increased risk of price fluctuation over more
diversified funds due to adverse developments within certain
sectors. Small- and mid-cap securities may be subject to special
risks associated with narrower product lines and limited financial
resources compared with their large-cap counterparts. The use of
leverage results in certain risks including, among others, the
likelihood of greater volatility of net asset value and the market
price of common shares. Derivatives involve additional risks,
including interest-rate risk, credit risk, the risk of improper
valuation, and the risk of noncorrelation to the relevant
instruments they are designed to hedge or to closely track. There
are numerous risks associated with transactions in options on
securities. Illiquid securities may be subject to wide fluctuations
in market value and may be difficult to sell.
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. This material is being prepared by
Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an
affiliate of Wells Fargo & Company.
Some of the information contained herein may include
forward-looking statements about the expected investment activities
of the funds. These statements provide no assurance as to the
funds’ actual investment activities or results. The reader must
make his/her own assessment of the information contained herein and
consider such other factors as he/she may deem relevant to his/her
individual circumstances.
219666 09-13
NOT FDIC INSURED • NO BANK GUARANTEE • MAY
LOSE VALUE
Wells Fargo Funds Management, LLCShareholder inquiries,
1-800-730-6001Financial advisor inquiries, 1-888-877-9275John
Roehm, 415-222-5338 (Media)john.o.roehm@wellsfargo.com
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