EAD: Multiple Factors Should Support This High-Yield Fund [Seeking Alpha]
Allspring Income Opportunities Fund Common Shares (EAD)
NASDAQ:AMEX Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: Seeking Alpha
Summary The current CEF environment remains tricky to navigate due to low yields and tight discounts. We continue to like EAD - a high-yield fund that looks attractive on a number of fronts. Relatively low fee, attractive discount, and strong absolute and risk-adjusted returns should support the fund in the near term. Current overdistribution could lead to future cuts, though this is not our base case scenario. This article was originally published a month ago. The discount valuation of the fund has become somewhat less attractive since then, though value still remains in our view. Lower yields, distribution cuts and tight discounts make for a difficult CEF investing environment. In this article, we take a look at the Wells Fargo Advantage Income Opportunities Fund ( service Risks include the fund's relatively low-quality allocation as well as a managed distribution policy which, together with current overdistribution, could put the fund at risk of future distribution cuts. However, w
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EAD
Sec Filings
- 6/25/24 - Form NPORT-P
- 6/25/24 - Form DEF
- 4/19/24 - Form 8-K
- EAD's page on the SEC website