EAD: This CEF Should Be A Good Source Of Income If The Bond Market Holds Up [Seeking Alpha]
Allspring Income Opportunities Fund Common Shares (EAD)
NASDAQ:AMEX Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: Seeking Alpha
The fund's shares have increased while the bond market and the fund's NAV have declined, but it still trades at a discount. EAD has a high percentage of assets invested in CCC or lower junk debt, which carries a higher risk of default. The Federal Reserve might not be able to cut interest rates despite its current messaging, and this fund is highly exposed to interest-rate risk. The fund failed to cover its distribution for two years in a row, but it is probably okay right now as long as the bond market holds up. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Allspring Income Opportunities Fund NYSE: EAD ) is a closed-end fund that investors can employ in order to earn a very high level of income from the assets in their portfolios. This fund is not exactly the most well-known junk bond fund on the market right now, but it does compare reasonably well with many of it
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EAD
News
- Allspring Closed-End Funds Declare Monthly DistributionsPR Newswire
- Allspring Closed-End Funds Declare Monthly DistributionsPR Newswire
- Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Allspring Announces Change to Investment Strategy Guidelines for two Closed-End FundsPR Newswire
EAD
Sec Filings
- 4/19/24 - Form 8-K
- 3/28/24 - Form NPORT-P
- EAD's page on the SEC website