Wells Fargo Asset Management’s closed-end funds will change their names to include the name Allspring. The name change, which was approved the board of trustees of the Wells Fargo Funds, is expected to go into effect on Oct. 11.
The new closed-end fund names will be:
- Allspring Income Opportunities Fund (NYSE American: EAD)
- Allspring Multi-Sector Income Fund (NYSE American: ERC)
- Allspring Utilities and High Income Fund (NYSE American: ERH)
- Allspring Global Dividend Opportunity Fund (NYSE: EOD)
Wells Fargo Asset Management will also change its name to Allspring Global Investments upon the closing of the previously announced sale transaction of Wells Fargo Asset Management by Wells Fargo to GTCR and Reverence Capital Partners. The new corporate name is expected to go into effect on the closing date of the transaction, which is anticipated to occur in the second half of 2021, subject to customary closing conditions.