ERH: Utilities And High-Yield At A Discount [Seeking Alpha]
Allspring Utilities and High Income Fund Common Shares (ERH)
NASDAQ:AMEX Investor Relations:
wellsfargofunds.com/ip/products/closed-end-funds/overview.html?accountingid=2lqc&shareclass=closed-end
Company Research
Source: Seeking Alpha
Follow Summary Allspring Utilities and High Income Fund focuses on a portfolio of utilities and high-yield bonds, offering income-oriented investors a rather unique mix. The fund has seen a strong recovery from last October's market swoon, but with a double-digit discount remaining, there is potential for further upside. ERH's distribution policy adjusts monthly based on 7% of the fund's average NAV, with the potential for higher payouts as the fund recovers. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » PM Images Written by Nick Ackerman, co-produced by Stanford Chemist We last covered Allspring Utilities and High Income Fund ( NYSE: ERH ) roughly a year ago. This is a closed-end fund that is focused on exactly what its name would imply: investing in utilities and high-yield bonds. This is a rather unique mix, but there are several CEFs that offer a similar approach. After all, it does ki
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Sec Filings
- 10/30/24 - Form N-CSR
- 10/30/24 - Form N-CEN/A
- 10/29/24 - Form N-CEN/A
- ERH's page on the SEC website