Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund
EOD
prnewswire.comMay 30, 2024
CHARLOTTE, N.C. , May 30, 2024 /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.
EOD: 'Return Of Principal', Avoid This Amortizing Trap
EOD
Seeking AlphaSeptember 29, 2023
The EOD Fund is an income-focused closed-end fund, with an 80/20 allocation to global dividend stocks and high yield bonds. The EOD fund has underperformed a simple 80/20 portfolio of URTH/JNK. 'Return of principal' funds like EOD can lead to a decline in both principal and income over time, making them detrimental to investors' portfolios.