Allspring Utilities and High Income Fund Issues Distribution Notice
The Allspring Utilities and High Income Fund (ERH) has issued a notice to shareholders regarding its monthly distribution sources as of July 31, 2026. The fund estimates that the current month's $0.08764 per share distribution is entirely sourced from net investment income (NII), while year-to-date distributions include NII and paid-in capital. Shareholders are cautioned not to interpret these figures as indicative of performance or yield, especially since a portion may represent a return of capital. The fund operates under a managed distribution plan that guarantees an annual minimum fixed rate of 8% based on the average net asset value (NAV) per share over the prior year. Distributions can come from income and potentially paid-in capital or gains if necessary, which could lead to NAV declines when distributions exceed returns. The fund will provide a Form 1099-DIV for tax reporting purposes at year-end.
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