Allspring Utilities and High Income Fund (ERH) CUSIP 94987E109 IMPORTANT NOTICE TO SHAREHOLDERS
Allspring Utilities and High Income Fund (ERH) has released its monthly distribution notice for March 2025. The fund distributed $0.07724 per share, with 75% from net investment income and 25% from paid-in capital. For the fiscal year-to-date, total distributions were $0.49113 per share, comprising 46.30% from net investment income and 53.70% from paid-in capital.
The fund operates under a managed distribution plan targeting an annual minimum fixed rate of 7.0% based on average monthly NAV. As of February 28, 2025, ERH reported a NAV of $12.40 with a 5-year annualized return of 7.72% and a fiscal year-to-date return of 6.82%. The fund's investment objective focuses on high current income and moderate capital growth, emphasizing tax-advantaged dividend income.
Allspring Utilities e High Income Fund (ERH) ha pubblicato il suo avviso di distribuzione mensile per marzo 2025. Il fondo ha distribuito $0.07724 per azione, con il 75% proveniente da reddito netto da investimenti e il 25% da capitale versato. Per l'anno fiscale fino ad oggi, le distribuzioni totali sono state $0.49113 per azione, di cui il 46,30% da reddito netto da investimenti e il 53,70% da capitale versato.
Il fondo opera sotto un piano di distribuzione gestita che mira a un tasso fisso minimo annuale del 7.0% basato sul NAV mensile medio. Al 28 febbraio 2025, ERH ha riportato un NAV di $12.40 con un rendimento annualizzato di 5 anni del 7,72% e un rendimento dell'anno fiscale fino ad oggi del 6,82%. L'obiettivo di investimento del fondo si concentra su un alto reddito corrente e una moderata crescita del capitale, enfatizzando il reddito da dividendi vantaggioso dal punto di vista fiscale.
Allspring Utilities y High Income Fund (ERH) ha publicado su aviso de distribución mensual para marzo de 2025. El fondo distribuyó $0.07724 por acción, con un 75% proveniente de ingresos netos por inversiones y un 25% de capital aportado. Para el año fiscal hasta la fecha, las distribuciones totales fueron $0.49113 por acción, de las cuales el 46,30% provino de ingresos netos por inversiones y el 53,70% de capital aportado.
El fondo opera bajo un plan de distribución gestionada que tiene como objetivo una tasa fija mínima anual del 7.0% basada en el NAV mensual promedio. Al 28 de febrero de 2025, ERH reportó un NAV de $12.40 con un rendimiento anualizado a 5 años del 7,72% y un rendimiento del año fiscal hasta la fecha del 6,82%. El objetivo de inversión del fondo se centra en altos ingresos actuales y un crecimiento moderado del capital, enfatizando los ingresos por dividendos con ventajas fiscales.
올스프링 유틸리티 및 하이 인컴 펀드 (ERH)가 2025년 3월 월 배당 공지를 발표했습니다. 이 펀드는 주당 $0.07724를 배당했으며, 75%는 순투자 소득에서, 25%는 납입 자본에서 나왔습니다. 회계 연도 기준으로 총 배당금은 주당 $0.49113으로, 46.30%는 순투자 소득에서, 53.70%는 납입 자본에서 발생했습니다.
이 펀드는 평균 월 NAV를 기준으로 7.0%의 연간 최소 고정 비율을 목표로 하는 관리 배당 계획 하에 운영됩니다. 2025년 2월 28일 기준으로 ERH는 $12.40의 NAV를 보고했으며, 5년 연평균 수익률은 7.72%, 회계 연도 기준 수익률은 6.82%입니다. 이 펀드의 투자 목표는 높은 현재 소득과 적당한 자본 성장에 중점을 두며, 세금 우대 배당 소득을 강조합니다.
Allspring Utilities et High Income Fund (ERH) a publié son avis de distribution mensuelle pour mars 2025. Le fonds a distribué 0,07724 $ par action, dont 75% proviennent des revenus nets d'investissement et 25% du capital versé. Pour l'exercice en cours, les distributions totales s'élevaient à 0,49113 $ par action, dont 46,30% proviennent des revenus nets d'investissement et 53,70% du capital versé.
Le fonds fonctionne selon un plan de distribution géré visant un taux fixe minimum annuel de 7,0% basé sur la NAV mensuelle moyenne. Au 28 février 2025, ERH a rapporté une NAV de 12,40 $ avec un rendement annualisé sur 5 ans de 7,72% et un rendement de l'exercice en cours de 6,82%. L'objectif d'investissement du fonds se concentre sur un revenu courant élevé et une croissance modérée du capital, en mettant l'accent sur les revenus de dividendes avantageux sur le plan fiscal.
Allspring Utilities und High Income Fund (ERH) hat seine monatliche Ausschüttungsmitteilung für März 2025 veröffentlicht. Der Fonds hat 0,07724 $ pro Aktie ausgeschüttet, wobei 75% aus Nettoanlageerträgen und 25% aus eingezahltem Kapital stammen. Für das laufende Geschäftsjahr betrugen die Gesamtausschüttungen 0,49113 $ pro Aktie, bestehend aus 46,30% aus Nettoanlageerträgen und 53,70% aus eingezahltem Kapital.
Der Fonds operiert unter einem verwalteten Ausschüttungsplan, der eine jährliche Mindestfestverzinsung von 7,0% basierend auf dem durchschnittlichen monatlichen NAV anstrebt. Zum 28. Februar 2025 meldete ERH einen NAV von 12,40 $ mit einer annualisierten Rendite von 7,72% über 5 Jahre und einer Rendite für das laufende Geschäftsjahr von 6,82%. Das Anlageziel des Fonds konzentriert sich auf hohe laufende Einkünfte und moderates Kapitalwachstum und betont steuerbegünstigte Dividendenzahlungen.
- 5-year annualized return of 7.72% demonstrates solid long-term performance
- Strong fiscal year-to-date return of 6.82%
- 75% of current monthly distribution comes from net investment income
- 53.70% of fiscal year-to-date distributions sourced from paid-in capital, indicating insufficient earnings to cover distributions
- Fund estimates it has distributed more than its income and realized capital gains
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
The following table provides an estimate of the Fund's distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.
DATA AS OF 3/31/2025 | ESTIMATED SOURCES OF DISTRIBUTION | |||||
PER SHARE DISTRIBUTION | NII | LT GAINS | ST GAINS | PAID IN CAPITAL | ||
ERH (FYE 8/31) | Current Month ($) | 0.07724 | 0.05792 | 0.00000 | 0.00000 | 0.01932 |
Current Month (%) | 100.00 % | 75.00 % | 0.00 % | 0.00 % | 25.00 % | |
Fiscal Year to Date ($) | 0.49113 | 0.22761 | 0.00000 | 0.00000 | 0.26352 | |
Fiscal Year to Date (%) | 100.00 % | 46.30 % | 0.00 % | 0.00 % | 53.70 % | |
The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions.
DATA AS OF 2/28/2025 | ANNUALIZED | CUMULATIVE | ||||
5-YEAR | FISCAL YTD | FISCAL YTD | FISCAL YTD | |||
FISCAL YTD DIST | NAV | RETURN ON NAV | DIST RATE ON NAV1 | RETURN ON NAV | DIST RATE ON NAV1 | |
ERH (FYE 8/31) | 0.41389 | 12.40 | 7.72 % | 6.73 % | 6.82 % | 3.34 % |
1 As a percentage of 2/28 NAV | ||||||
Additional Disclosures about the Allspring Closed-End Funds
The fund makes distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of
The quoted distribution rate is a figure that uses the fund's previous distribution to calculate an annualized figure. The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation.
The Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund's investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.
The final determination of the source of all dividend distributions in the current year will be made after year-end. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon a fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.
For more information on Allspring's closed-end funds, please visit our website.
This closed-end fund is no longer available as an initial public offering and is only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of the fund may trade at either a premium or discount relative to the fund's net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by the fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. The fund is also subject to risks associated with any concentration of its investments in the utility sector. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation due to adverse developments within that industry or sector. The fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future. The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of net asset value and the market price of common shares. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track.
This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.
Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds' actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances.
Allspring Global Investments™ is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC). ALL-03272025-fjrunq6u
© 2025 Allspring Global Investments Holdings, LLC. All rights reserved.
View original content to download multimedia:https://www.prnewswire.com/news-releases/allspring-utilities-and-high-income-fund-erh-cusip-94987e109-important-notice-to-shareholders-302415835.html
SOURCE Allspring Global Investments
FAQ
What is ERH's current monthly distribution per share for March 2025?
What is ERH's fiscal year-to-date distribution and its sources?
What is ERH's current NAV and 5-year return as of February 2025?
What is ERH's managed distribution plan rate?
How has ERH performed in the fiscal year-to-date as of February 2025?
