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Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends

The Wells Fargo Advantage Income Opportunities Fund (NYSE MKT: EAD), the Wells Fargo Advantage Multi-Sector Income Fund (NYSE MKT: ERC), and the Wells Fargo Advantage Utilities and High Income Fund (NYSE MKT: ERH) each announced today its dividend declaration.

The Wells Fargo Advantage Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective.

The Wells Fargo Advantage Income Opportunities Fund declared the following monthly dividend:

Declaration date   Ex-dividend date   Record date   Payable date   Dividend/share
March 28, 2013 April 12, 2013 April 16, 2013 May 1, 2013 $0.068/share
 

The Wells Fargo Advantage Multi-Sector Income Fund is a closed-end bond fund. The fund’s primary investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest-rate risk.

The Wells Fargo Advantage Multi-Sector Income Fund declared the following monthly dividend:

Declaration date   Ex-dividend date   Record date   Payable date   Dividend/share
March 28, 2013 April 12, 2013 April 16, 2013 May 1, 2013 $0.10/share
 

The Wells Fargo Advantage Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s primary 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 Wells Fargo Advantage Utilities and High Income Fund declared the following monthly dividend:

Declaration date   Ex-dividend date   Record date   Payable date   Dividend/share
March 28, 2013 April 12, 2013 April 16, 2013 May 1, 2013 $0.075/share
 

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.

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