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Wells Fargo Advantage Multi-Sector Income Fund (ERC)

NYSE - NYSE Delayed price. Currency in USD
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13.29+0.08 (+0.61%)
At close: 04:00PM EST
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  • d
    dave169
    $EOD conversation
    I called Allspring today and asked about the funds and the dividends.
    I was told that it's a rebranding and the dividends will be paid as they have been.
    $EAD, $EOD, $ERH, $ERC
  • d
    dave169
    So WF told Allspring funds to renew the repurchase agreement for 2022.
    Only one of the four funds $EOD actually did a repurchase but not all 10%.
    $EAD, $ERC, and $ERH did not repurchase any shares during this period.
    That is not acceptable! call Allspring and tell them as an investor you want them to repurchase and do their jobs better!
  • d
    dave169
    ERC Managers did a great job with the repurchase this year, lets hope for the same next year!

    The funds’ Board of Trustees has authorized the repurchase of an aggregate of up to 10% of each fund’s outstanding shares in open-market transactions during the period beginning January 1, 2021, and ending December 31, 2021. The Board has again delegated to Wells Fargo Funds Management, LLC, discretion to determine the amount and timing of repurchases of shares of each fund in accordance with the best interests of the fund and subject to applicable legal limitations. The Board will continue to receive periodic reports on repurchase activity as part of its ongoing oversight of the programs, which includes deciding whether to renew or discontinue the programs at the end of their terms.

    The Board previously authorized the repurchase during the period from January 1, 2020, through December 31, 2020, of an aggregate of up to 10% of the outstanding shares of each fund. Through October 31, 2020, EOD repurchased 313,229 shares (or 0.71% of outstanding shares), EAD repurchased 86,116 shares (or 0.14% of outstanding shares), ERC repurchased 2,185,121 shares (or 7.15% of outstanding shares), and ERH repurchased 4,700 shares (or 0.05% of outstanding shares).
  • A
    Anonymous
    One of the best CEF's out there.
    8.00% yield steady gains,
  • A
    Anonymous
    good scotch yes very good day not much activity here
    25% return plus 8% div unbelievabe
  • D
    David Tung
    ROC!!!!!
  • G
    Goodscotch
    ERC is up 3.7% today with almost 3 times the volume. I don't see any special news.
  • d
    dave169
    Dividend is going up :)
    Price still at a reasonable level.
    Good time to buy!
  • D
    David Tung
    ALIVE ????????????? LONG TIME NO-SEE with a 2% green !!!!!!!
  • A
    Anonymous
    This puppy only goes up by the looks of it. Loving that Dividend as well
  • J
    JW
    Is there any way to get these trolls such a awesomstocks off these boards. Apparently not.
  • U
    USA=Depression is Here
    pe here is Way Too High
  • J
    Judith
    Does ERC give return of capital.
  • Y
    Yahoo Finance Insights
    ERC is down 6.26% to 10.04
  • Y
    Yahoo Finance Insights
    ERC is down 5.63% to 11.90
  • Y
    Yahoo Finance Insights
    ERC is down 6.26% to 10.04
  • Y
    Yahoo Finance Insights
    ERC is down 5.67% to 11.31
  • Y
    Yahoo Finance Insights
    ERC is down 5.67% to 11.31
  • A
    Anonymous
    Wrong PRICE
  • Y
    Yahoo Finance Insights
    ERC is down 14.98% to 8.57