Allspring Funds Management Renews Share Repurchase Programs for Four Closed-End Funds
Allspring Funds Management has announced that the Board of Trustees for four of its closed-end funds has authorized the renewal of open-market share repurchase programs. The program allows for the repurchase of up to 5% of each fund's outstanding shares during the 2027 calendar year, running from January 1 to December 31. The participating funds include the Allspring Global Dividend Opportunity Fund (EOD), Allspring Income Opportunities Fund (EAD), Allspring Multi-Sector Income Fund (ERC), and Allspring Utilities and High Income Fund (ERH). While a similar program was authorized for 2026, the funds reportedly did not execute any repurchases through September 30, 2026. These repurchase programs are intended to provide flexibility in managing share supply and can impact the market price of the funds relative to their net asset value. The Board maintains oversight and discretion over the timing and amount of these transactions based on the best interests of the funds.
Topics: closed-end funds fund management share buyback
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