Wells Fargo Funds Management to Hold Closed-End Funds Market Update Conference Call
April 18 2017 - 4:12PM
Business Wire
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of
Wells Fargo & Company, announced today that it will hold a
conference call to discuss the current market environment as it
pertains to the following closed-end funds:
- Wells Fargo Income Opportunities Fund
(NYSE MKT: EAD)
- Wells Fargo Multi-Sector Income Fund
(NYSE MKT: ERC)
- Wells Fargo Utilities and High Income
Fund (NYSE MKT: ERH)
- Wells Fargo Global Dividend Opportunity
Fund (NYSE: EOD)
The call will feature David Germany, Ph.D., director of
fixed-income strategy for Wells Capital Management, Inc.,
subadvisor to the closed-end funds; Tim O’Brien, CFA,
managing partner at Crow Point Partners, LLC, and lead portfolio
manager of the Utilities and High Income Fund and the Global
Dividend Opportunity Fund; and Philip Susser, co-lead of the
Wells Capital Management U.S. High Yield team and senior portfolio
manager of the Income Opportunities Fund, the Multi-Sector Income
Fund, and the Utilities and High Income Fund. Hosting the call will
be Aldo Ceccarelli, CFA, head of investments for Wells Fargo
Funds Management.
Please refer to the following details about this public
call:
Call date: Monday,
April 24, 2017
Call time: 1:15 p.m. Pacific Time
Call
number: 1-877-212-9012
Call ID: 8902572
Replay
number: 1-800-585-8367
Replay ID: 8902572
Note: A replay of the call is expected to become available
within 24 to 48 hours of the call. Also, a transcript will be
published in the days following the call. Both will be made
available on the Wells Fargo Funds website:
wellsfargofunds.com.
Participants wishing to submit questions in advance of the call
may do so by using the following email address:
ClosedEndFundInquiries@wellsfargo.com.
For more information on Wells Fargo’s closed-end funds, please
visit our website.
These closed-end funds are no longer engaged in initial
public offerings, and shares are only available 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
through broker/dealers 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. 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. When interest rates rise, the
value of debt securities tends to fall. When interest rates
decline, interest that a fund is able to earn on its investments in
debt securities may also decline, but the value of those securities
may increase. Changes in market conditions and government policies
may lead to periods of heightened volatility in the debt securities
market and reduced liquidity for certain fund investments.
Interest-rate changes and their impact on the funds and their NAVs
can be sudden and unpredictable.
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 Asset Management (WFAM) is a trade name used by the
asset management businesses of Wells Fargo & Company. Wells
Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and
administrative services for Wells Fargo Funds. Other affiliates of
Wells Fargo & Company provide subadvisory and other services
for the funds. This material is prepared by Wells Fargo Funds
Distributor, LLC, Member FINRA, an affiliate of Wells Fargo
& Company. Neither Wells Fargo Funds Management nor Wells Fargo
Funds Distributor has fund customer accounts/assets, and neither
provides investment advice/recommendations or acts as an investment
advice fiduciary to any investor.
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.
303119 04-17
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE
VALUE
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version on businesswire.com: http://www.businesswire.com/news/home/20170418006545/en/
Wells Fargo & CompanyShareholder inquiries,
1-800-730-6001Financial advisor inquiries, 1-888-877-9275orMedia
contact:John Roehm, 415-222-5338john.o.roehm@wellsfargo.com
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