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
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:
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:
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
The Wells Fargo Advantage Utilities and High Income Fund declared
the following monthly dividend:
The final determination of the source of all distributions is subject to
change and 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.
These closed-end funds are no longer offered as an initial public
offering, and shares are only offered through broker/dealers on the
secondary market. Unlike an open-end mutual fund, a closed-end fund
offers a fixed number of shares for sale. After the initial public
offering, shares are bought and sold in the secondary marketplace, and
the market price of the shares is determined by supply and demand, not
by net asset value (NAV), and is often lower than the NAV. A closed-end
fund is not required to buy its shares back from investors upon request.
High-yield, lower-rated bonds may contain more risk due to the increased
possibility of default. Foreign investments may contain more risk due to
the inherent risks associated with changing political climates, foreign
market instability, and foreign currency fluctuations. Risks of
international investing are magnified in emerging or developing markets.
Funds that concentrate their investments in a single industry or sector
may face increased risk of price fluctuation over more diversified funds
due to adverse developments within that industry or sector.
Nondiversified funds may face increased risk of price fluctuation over
more diversified funds due to adverse developments within certain
sectors. Small- and mid-cap securities may be subject to special risks
associated with narrower product lines and limited financial resources
compared with their large-cap counterparts. The use of leverage results
in certain risks including, among others, the likelihood of greater
volatility of net asset value and the market price of common shares.
Derivatives involve additional risks, including interest-rate risk,
credit risk, the risk of improper valuation, and the risk of
noncorrelation to the relevant instruments they are designed to hedge or
to closely track. There are numerous risks associated with transactions
in options on securities. Illiquid securities may be subject to wide
fluctuations in market value and may be difficult to sell.
Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells
Fargo & Company, provides investment advisory and administrative
services for Wells Fargo Advantage Funds®. Other
affiliates of Wells Fargo & Company provide subadvisory and other
services for the funds. This material is being prepared by Wells
Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of
Wells Fargo & Company.
Some of the information contained herein may include forward-looking
statements about the expected investment activities of the funds. These
statements provide no assurance as to the funds' actual investment
activities or results. The reader must make his/her own assessment of
the information contained herein and consider such other factors as
he/she may deem relevant to his/her individual circumstances.
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
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