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Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends

Stocks in this article: EAD ERC ERH WFC

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
April 25, 2014 May 12, 2014 May 14, 2014 June 2, 2014 $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
April 25, 2014 May 12, 2014 May 14, 2014 June 2, 2014 $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
April 25, 2014 May 12, 2014 May 14, 2014 June 2, 2014 $0.075/share

The final determination of the source of all distributions is subject to change and is made after year-end. 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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