Allspring Multi-Sector Income Fund spreads its bond investments across credit markets. Its allocation can change, so the income story depends on the borrowers it owns, the prices paid for bonds and the cost of financing them.
Business
Credit and multi-sector income funds
Listing
ERC · NYSE American
Reporting period
2026-04-30
Dividend schedule
Monthly
How the business works
Bond interest becomes net investment income after fund and borrowing costs. Realized credit results and bond-price changes sit outside that recurring income line and can move NAV while cash distributions continue.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.35
Nov 1, 2025 to Apr 30, 2026
$0.00$0.35
Distribution yield9.67%Sourced distributions divided by dated market priceReported annual income yield7.52%Reported net investment income $0.7100 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $9.4400. Excludes capital gains; historical, not a current yield or forecast.Annual dividend$0.87Current regular payment annualized per share
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Fund net investment income per common share; actual reporting period, not annualized$0.3500
$0.00$0.40
For the six months ended April 30, 2026, ERC reported $0.35 of net investment income per common share and $0.43 of distributions. NAV moved from $10.05 to $9.85. Income contributed most of the cash paid, but not all of it; inspect realized results and payment sources before treating the gap as a permanent shortfall or assuming gains filled it.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 30.19%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Allspring Multi-Sector Income Fund reported $0.3500 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in credit and multi-sector income investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
The next comparable report should show whether bond income, credit results and NAV strengthened relative to the cash payment. Check any change in leverage and portfolio mix as well.
Net asset value (NAV)
NAV per share$9.48Sep 29, 2026Market price$8.52Sep 29, 2026PREMIUM / DISCOUNT TO NAV10.13% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
The next comparable report should show whether bond income, credit results and NAV strengthened relative to the cash payment. Check any change in leverage and portfolio mix as well.
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U.S. federal
Dividend tax treatment
ERC’s distribution notices describe how individual payments appeared to be funded. The December notice includes a capital component, but these running estimates are not the final tax treatment of a full year of dividends. We can use them to ask better questions without presenting an unsupported annual split.
