Allspring Multi-Sector Income Fund

ERC

Market cap $263M

The Allspring Multi-Sector Income Fund (ERC) offers a 9.34% yield, blending domestic and foreign bonds, and aims to limit U.S. interest rate risk. ERC has outperformed major bond indices and most peers on total return over the past decade, despite not having the highest yield among multisector CEFs. The fund's managed distribution plan leads to variable monthly payouts, and while recent coverage was tight, NAV has remained stable over the longer term.

CHARLOTTE, N.C. , Nov. 13, 2025 /PRNewswire/ -- The following four Allspring closed-end funds announced today that they will renew their open-market share repurchase programs: Allspring Global Dividend Opportunity Fund (NYSE: EOD) Allspring Income Opportunities Fund (NYSE American: EAD) Allspring Multi-Sector Income Fund (NYSE American: ERC) Allspring Utilities and High Income Fund (NYSE American: ERH) The funds' Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund's outstanding shares in open-market transactions during the period beginning January 1, 2026 and ending December 31, 2026.

CHARLOTTE, N.C. , Nov. 12, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution, as shown in the table below.

CHARLOTTE, N.C. , Oct. 31, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C. , Oct. 8, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE America: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunities Fund (NYSE: EOD) announced today that Chris Lee, CFA, senior portfolio manager on Allspring Global Investments' Plus Fixed Income team will be removed as a portfolio manager from the funds as detailed in the table below.

CHARLOTTE, N.C. , Sept. 26, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C. , Aug. 19, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

I maintain my hold rating on ERC due to its questionable dividend coverage and ongoing risks from the high interest rate environment. ERC offers an attractive 9.3% yield and trades at a wider-than-average discount to NAV, but struggles with dividend sustainability and earnings coverage. The fund's aggressive leverage and high exposure to below-investment-grade debt increase risk, especially if interest rates remain elevated or defaults rise.

CHARLOTTE, N.C. , July 25, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

CHARLOTTE, N.C. , June 27, 2025 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.