Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends

The Ex-dividend date listed three times in the release dated September 27, 2013 should be October 10, 2013 (sted October 11, 2013).

The corrected release reads:

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
September 27, 2013

October 10, 2013
October 15, 2013 November 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
September 27, 2013

October 10, 2013
October 15, 2013 November 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
September 27, 2013

October 10, 2013
October 15, 2013 November 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.

If you liked this article you might like

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: ERH, DHF, EAD

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: JCE, EAD, WWE

3 Stocks With Upcoming Ex-Dividend Dates: ERH, EAD, VGM

3 Stocks Going Ex-Dividend Tomorrow: JCE, EAD, SJR

3 Stocks With Upcoming Ex-Dividend Dates: KSM, AIF, EAD