CHARLOTTE, N.C., Feb. 21,
2024 /PRNewswire/ -- Effective March 1, 2024, Alex
Perrin is retiring from Allspring, and will be removed as a
portfolio manager for the Allspring Multi-Sector Income Fund (NYSE
American: ERC). There will be no changes to the investment
philosophy or process as a result of this change.
The fund will continue to be managed by Christopher Kauffman, CFA, Michael Lee, Michael
Schueller, CFA, Lauren van
Biljon, CFA, Noah Wise, CFA,
and Chris Lee, CFA.
About Allspring
Allspring Global Investments™ is an independent asset management
firm with more than $580 billion in
assets under advisement*, over 20 offices globally, and investment
teams supported by more than 440 investment professionals.
Allspring is committed to thoughtful investing, purposeful
planning, and inspiring a new era of investing that pursues both
financial returns and positive outcomes. For more information,
please visit www.allspringglobal.com.
For more information on Allspring's closed-end funds, please
visit www.allspringglobal.com.
*As of December 31, 2023. Figures
include discretionary and non-discretionary assets.
CFA® and Chartered Financial Analyst® are trademarks owned by
CFA Institute.
This closed-end fund is no longer available as an initial
public offering and is only offered through broker-dealers on the
secondary market. A closed-end fund is not required to buy its
shares back from investors upon request. Shares of the fund may
trade at either a premium or discount relative to the fund's net
asset value, and there can be no assurance that any discount will
decrease. The values of, and/or the income generated by, securities
held by the fund may decline due to general market conditions or
other factors, including those directly involving the issuers of
such securities. Debt securities are subject to credit risk and
interest rate risk, and high-yield securities and unrated
securities of similar credit quality have a much greater risk of
default and their values tend to be more volatile than higher-rated
securities with similar maturities. 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 foreign investing are magnified in
emerging or developing markets. The fund is exposed to mortgage-
and asset-backed securities risk. The fund is leveraged through a
revolving credit facility and also may incur leverage by issuing
preferred shares in the future. The use of leverage results in
certain risks, including, among others, the likelihood of greater
volatility of the net asset value and the market value 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 that they are
designed to hedge or closely track.
Allspring Global Investments™ is the trade name for the asset
management firms of Allspring Global Investments Holdings, LLC, a
holding company indirectly owned by certain private funds of GTCR
LLC and Reverence Capital Partners, L.P. These firms include but
are not limited to Allspring Global Investments, LLC, and Allspring
Funds Management, LLC. Certain products managed by Allspring
entities are distributed by Allspring Funds Distributor, LLC (a
broker-dealer and Member FINRA/SIPC).
This material is for general informational and educational
purposes only and is NOT intended to provide investment advice or a
recommendation of any kind—including a recommendation for any
specific investment, strategy, or plan.
ALL-02202024-yrdni3ww
© 2024 Allspring Global Investments Holdings, LLC. All rights
reserved.
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SOURCE Allspring Global Investments
