Wells Fargo Advantage Closed-End Funds Declare Monthly and Quarterly Dividends
August 15 2012 - 4:05PM
Business Wire
Wells Fargo Funds Management, LLC, announced today the dividend
declaration for the Wells Fargo Advantage Income Opportunities Fund
(NYSE MKT: EAD), the Wells Fargo Advantage Multi-Sector Income Fund
(NYSE MKT: ERC), the Wells Fargo Advantage Utilities and High
Income Fund (NYSE MKT: ERH), and the Wells Fargo Advantage Global
Dividend Opportunity Fund (NYSE: EOD).
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 Income Opportunities Fund declared the
following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share August 15, 2012 September
14, 2012 September 18, 2012 October 1, 2012 $0.077/share
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 Multi-Sector Income Fund declared the
following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share August 15, 2012 September
14, 2012 September 18, 2012 October 1, 2012 $0.10/share
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 Wells Fargo Advantage Utilities and High Income Fund
declared the following monthly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share August 15, 2012 September
14, 2012 September 18, 2012 October 1, 2012 $0.075/share
The Wells Fargo Advantage Global Dividend Opportunity Fund is a
closed-end fund investing primarily in a diversified portfolio of
common stocks of U.S. and non-U.S. companies. The fund’s investment
objective is to seek a high level of current income. The fund’s
secondary objective is long-term growth of capital.
The Wells Fargo Advantage Global Dividend Opportunity Fund
declared the following quarterly dividend from ordinary income:
Declaration date Ex-dividend date
Record date Payable date
Dividend rate/share August 15, 2012 September
14, 2012 September 18, 2012 October 1, 2012 $0.280/share
These closed-end funds are no longer offered as an initial
public offering and 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), often at a lower
price than the NAV. A closed-end fund is not required to buy its
shares back from investors upon request.
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. The open-end funds are distributed by
Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an
affiliate of Wells Fargo & Company. For more information on
Wells Fargo Advantage Funds, please visit
wellsfargoadvantagefunds.com. 211601 08-12
NOT FDIC INSURED • NO BANK GUARANTEE • MAY
LOSE VALUE
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