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Allspring Investment Funds Revitalize Management Teams for Better Performance

Allspring Global Investments has announced significant updates concerning their portfolio management teams for several of their closed-end funds, marking a strategic shift aimed at improving overall performance. The funds affected include the Allspring Income Opportunities Fund (NYSE America: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and others, with notable personnel changes that could influence investors’ strategies and outlooks.

Changes in the Management Team

On October 8, 2025, Allspring revealed that Chris Lee, CFA, a senior portfolio manager on the Plus Fixed Income team, would be stepping down from his portfolio management role at the end of the year. His departure coincides with the appointment of Brian Keller, CFA, as a new portfolio manager for the Income Opportunities Fund. Keller has been with Allspring for 14 years and brings a wealth of experience in managing high-yield strategies, which could lend a fresh perspective to the fund’s investment approach.

Brian Keller’s Background

Brian Keller's extensive background in finance positions him well for his new responsibilities. He previously worked as a senior research analyst on the Global Fixed Income Research team, where he developed a deep understanding of the market dynamics that can impact income-generating assets. Keller began his career in 2010 after earning bachelor’s degrees in finance and accounting from the University of Wisconsin, Milwaukee. His achievement of the CFA designation underscores his commitment to upholding investment excellence and strategic insight.

Portfolio Manager Overview

A detailed look at current portfolio managers reveals seasoned professionals leading these funds:

• - Global Dividend Opportunity Fund: Justin Carr, CFA; Vince Fioramonti, CFA; Megan Miller, CFA; Michael J. Schueller, CFA; and Steven Zhao.
• - Income Opportunities Fund: Michael J. Schueller, CFA, and the newly appointed Brian Keller, CFA.
• - Multi-Sector Income Fund: Managed by Adam Hicks, Chris Kauffman, CFA, Andrew Reed, CFA, Michael J. Schueller, CFA, Lauren van Biljon, CFA, and Chris Lee, CFA (current, until year-end).
• - Utilities and High Income Fund: Kent Newcomb, CFA; Michael J. Schueller, CFA; and Andy Smith, CFA, with Chris Lee stepping down.

The combined experience of these managers ranges from 16 years to a remarkable 39 years, showcasing the extensive expertise within Allspring’s investment teams.

Forward-Looking Statements

Allspring’s proactive adjustments come at a time when investors seek stability and growth amid fluctuating market conditions. The firm's strategy emphasizes thoughtful investing and purposeful planning to enhance shareholder value. The team remains committed to navigating challenges and capturing potential opportunities that arise in the market.

The Importance of Effective Management

Effective management of investment funds plays a critical role in ensuring positive outcomes for investors. The transition to new leadership with Brian Keller’s appointment highlights Allspring’s dedication to enhancing its operational strategies to better serve its clients. The benefits of such changes can lead to optimized performance and increased investor confidence, a crucial element in today’s competitive fund landscape.

Conclusion

As Allspring continues to evolve, it remains focused on its mission to pursue financial returns while fostering positive investment outcomes for its clients. The changes in the portfolio management teams represent an essential step towards revitalizing its strategy and positioning the funds for future success. With experienced professionals at the helm, Allspring looks forward to navigating the complexities of today’s financial markets and delivering value to investors.

For further information on Allspring Global Investments and its closed-end funds, visit www.allspringglobal.com.