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Stock impact report

ERC: Strong Long-Term Results For This Multi-Sector Bond Fund [Seeking Alpha]

Allspring Multi-Sector Income Fund (ERC) 
Company Research Source: Seeking Alpha
ERC currently trades at a 6.59% discount to NAV, near its long-term average, with a 9.33% distribution yield based on an 8.75% NAV payout policy. Easing short-term rates should benefit ERC by lowering borrowing costs, while its balanced portfolio and global reach add flexibility and diversification. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » kontekbrothers/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Allspring Multi-Sector Income Fund ( ERC ) provides investors with exposure to a well-rounded fixed-income portfolio in a closed-end fund wrapper. The fund provides exposure to both investment-grade More on my IG service At the CEF/ETF Income Laboratory , we manage closed-end fund ( CEF ) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about o Show less Read more
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