Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Ticker

Fund name

Distribution per share

 

Frequency

 

Change from

prior distribution

EAD

Wells Fargo Income Opportunities Fund

$0.05594

 

Monthly

 

-$0.00026

ERC

Wells Fargo Multi-Sector Income Fund

$0.09215

 

Monthly

 

-$0.00060

ERH

Wells Fargo Utilities and High Income Fund

$0.07101

 

Monthly

 

-$0.00042

EOD

Wells Fargo Global Dividend Opportunity Fund

$0.13024

 

Quarterly

 

-$0.00440

The following dates apply to today’s distribution announcement for each fund:

Declaration date			November 20, 2020
Ex-dividend date			December 11, 2020
Record date			December 14, 2020
Payable date			January 4, 2021

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.