Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends
September 26 2014 - 4:00PM
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) have each announced a dividend declaration.
Change from Ticker Fund
Name Dividend/share
prior dividend EAD Wells Fargo Advantage Income
Opportunities Fund $0.068/share – ERC Wells Fargo Advantage
Multi-Sector Income Fund $0.100/share – ERH Wells Fargo Advantage
Utilities and High Income Fund $0.075/share –
The following dates apply to today's dividend declaration for
each fund:
Declaration date September 26, 2014
Ex-dividend date October 14, 2014 Record date October 16, 2014
Payable date November 3, 2014
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 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 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 final determination of the source of all distributions is
subject to change and is made after year-end. 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 the NAV 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. 228035 09-14
NOT FDIC INSURED • NO BANK GUARANTEE •
MAY LOSE VALUE
Wells Fargo & CompanyShareholder
inquiries:1-800-730-6001orFinancial advisor
inquiries:1-888-877-9275orMedia contact:John Roehm,
415-222-5338john.o.roehm@wellsfargo.com
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