AMEX : ERC

Allspring Multi-Sector Income Fund

$9.11 USD

$0.07 (0.77%)

Volume
46.05K
Average Volume
66.73K
Market Capitalization
$255.57M
P/E Ratio
9.49
Dividend Yield
9.54%
Price Target
Year High
$9.78
Year Low
$8.72
Day High
—
Day Low
—
Payout Ratio
$0.90
Current Ratio
$0.00
Company Overview

AMEX

Peter Malcolm Wilson

Asset Management - Income

Financial Services

ERC

N/A

US

USD

https://www.allspringglobal.com/investments/performance/fixed-income/closed-end-funds/multi-sector-income

415-396-8000

94987D101

0001227073

Liquidity Metrics

0.43

0.00

0.00

0.00

0.90

Sales & Valuation

$26.31M

9.20

0.93

11.08

0.82

Profitability

$0.97

$27.08M

97.03%

97.03%

9.66%

6.73%

P/E Metrics

9.49

0.09

0.09

Analyst Price Target & Rating

Neutral

3/5

0 Analysts

%

Financial Health Scores

1.58

6/9

$14.12M

$400.7M

$124.44M

$59.96M

Key Metrics (TTM)

$374.43M

13.48

11.47

0.00

9.66%

8.12%

10.54%

9.03%

$14.59

87 days

Company Executives
Name Title
Anthony John Norris Chief Investment Officer, Managing Director, Senior Portfolio Manager and Director
Jonathan Alexander Geoffrey Perrin Director of Research and Senior Portfolio Manager
Michael William Lee Director of Trading and Senior Portfolio Manager
Noah Wise Portfolio Manager & Research Analyst
Peter Malcolm Wilson Chief Operating Officer, Managing Director, Senior Portfolio Manager and Director
Adam Hicks Portfolio Manager
Christopher Y. Kauffman Portfolio Manager
Christopher A. Wightman Portfolio Manager
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About Allspring Multi-Sector Income Fund (AMEX:ERC) Stock

The Allspring Multi-Sector Income Fund operates as a closed-end mutual fund, concentrating its investments in fixed-income assets. It was initiated and is primarily overseen by Wells Fargo Funds Management, LLC, with First International Advisors, Inc. and Wells Capital Management Incorporated providing joint management expertise. The fund's strategy involves allocating capital across a diverse range of global debt instruments. Its portfolio is predominantly comprised of a variety of higher-yielding, lower-rated corporate debt, including bank loans, sovereign and corporate debt from international and developing economies, adjustable and fixed-rate mortgage-backed securities, and select investment-grade corporate bonds. This fund was established on June 25, 2003, and maintains its legal domi ... cile in the United States.

Allspring Closed-End Funds Declare Monthly Distributions

2026-07-31 08:30:00

CHARLOTTE, N.C., July 31, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC) Share Price Passes Below 50-Day Moving Average – Should You Sell?

2026-07-28 03:23:56

Allspring Multi-Sector Income Fund (NYSEAMERICAN:ERC - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $9.08 and traded as low as $9.03. Allspring Multi-Sector Income Fund shares last traded at $9.04, with a volume of 37,805 shares. Allspring Multi-Sector Income

Allspring Closed-End Funds Declare Monthly Distributions

2026-06-26 08:31:00

CHARLOTTE, N.C., June 26, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Precipio Stock Slips Post Q1 Earnings Despite Revenue Growth

2026-05-22 11:31:20

PRPO's first-quarter 2026 sales are driven by pathology momentum, but CMS reimbursement cuts and higher spending squeeze margins and widen losses.

Allspring Closed-End Funds Declare Monthly and Quarterly Distributions

2026-05-19 18:30:00

CHARLOTTE, N.C., May 19, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

ERC: Improved NAV Health But Not A Buy Yet

2026-05-02 22:26:00

Allspring Multi-Sector Income Fund maintains a 9.4% yield, trading at a 6.9% discount to NAV, with improved but still imperfect dividend coverage. ERC's earnings now outpace distributions, yet reliance on net realized gains introduces NAV and payout vulnerability during market downturns. ERC's portfolio is globally diversified, heavily weighted toward below-investment-grade debt, and remains highly sensitive to interest rate movements.

Frequently Asked Questions

What is the current Allspring Multi-Sector Income Fund (ERC) stock price?

Allspring Multi-Sector Income Fund(AMEX:ERC) stock price is $9.11 in the last trading session. During the trading session, ERC stock reached the peak price of $9.78 while $8.72 was the lowest point it dropped to. The percentage change in ERC stock occurred in the recent session was 0.77% while the dollar amount for the price change in ERC stock was $0.07.

ERC's industry and sector of operation?

The AMEX listed ERC is part of Asset Management - Income industry that operates in the broader Financial Services sector.

Who are the executives of ERC?

Anthony John Norris | Chief Investment Officer, Managing Director, Senior Portfolio Manager and Director
Jonathan Alexander Geoffrey Perrin | Director of Research and Senior Portfolio Manager
Michael William Lee | Director of Trading and Senior Portfolio Manager
Noah Wise | Portfolio Manager & Research Analyst
Peter Malcolm Wilson | Chief Operating Officer, Managing Director, Senior Portfolio Manager and Director

How many employees does ERC have?

Number of ERC employees currently stands at None. ERC operates from 525 Market Street, Charlotte, NC 94105, US.

Link for ERC official website?

Official Website of ERC is: https://www.allspringglobal.com/investments/performance/fixed-income/closed-end-funds/multi-sector-income

How do I contact ERC?

ERC could be contacted at phone #415-396-8000 and can also be accessed through its website. ERC operates from 525 Market Street, Charlotte, NC 94105, US.

How many shares of ERC are traded daily?

The average number of ERC shares traded daily for last 3 months was 66.73K.

What is the market cap of ERC currently?

The market value of ERC currently stands at $255.57M with its latest stock price at $9.11