Allspring renews share repurchase programs for four closed-end funds

Four closed-end funds managed by Allspring Funds Management announced the renewal of their share repurchase programs for 2026. The funds include Allspring Global Dividend Opportunity Fund (NYSE: EOD), Allspring Income Opportunities Fund (NYSE American: EAD), Allspring Multi-Sector Income Fund (NYSE American: ERC), and Allspring Utilities and High Income Fund (NYSE American: ERH).

The funds' Board of Trustees authorized the repurchase of up to 5% of each fund's outstanding shares in open-market transactions during the period from January 1, 2026, through December 31, 2026. Allspring Funds Management will have discretion to determine the timing and amount of repurchases for each fund.

Under the current 2025 program, which runs through December 31, 2025, only ERH has conducted repurchases, buying back 104,579 shares representing 1.17% of outstanding shares through October 31, 2025. The other three funds did not repurchase any shares during this period.

The four funds focus on different investment strategies. The Income Opportunities Fund targets high-yield bonds, while the Multi-Sector Income Fund seeks current income while limiting domestic interest rate risk exposure. The Utilities and High Income Fund combines equity and high-yield bonds with emphasis on tax-advantaged dividend income. The Global Dividend Opportunity Fund invests in equity and high-yield bonds with current income as the primary objective and capital growth as secondary.

The information was disclosed in a company press release statement.

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