Allspring Utilities and High Income Fund Raises Monthly Distribution by $0.00090 to $0.08725
Allspring Utilities and High Income Fund declared a $0.08725 monthly distribution, up $0.00090 from the prior. Ex-dividend and record dates are set for June 11 with a July 1 payable date under its managed distribution plan guaranteeing an annual minimum 8% rate.
1. Distribution Details
On May 19, Allspring Utilities and High Income Fund declared a monthly distribution of $0.08725 per share, representing a $0.00090 increase from the prior period.
2. Managed Distribution Plan
The fund’s distribution is paid under a managed distribution plan guaranteeing an annual minimum fixed rate of 8% based on the average monthly net asset value over the prior 12 months, with distributions potentially sourced from income, paid-in capital, or capital gains.
3. Important Dates
The distribution carries an ex-dividend and record date of June 11, 2026, with the payable date scheduled for July 1, 2026.
4. NAV and Share Price Effects
Distributions in excess of fund returns reduce net asset value, so investors should monitor potential NAV declines and market price fluctuations relative to NAV for valuations.