Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund (EAD) to Issue Monthly Dividend of $0.06 on February 1st

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Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund (NYSEAMERICAN:EAD) announced a monthly dividend on Monday, December 21st, Wall Street Journal reports. Shareholders of record on Wednesday, January 13th will be given a dividend of 0.0558 per share by the closed-end fund on Monday, February 1st. This represents a $0.67 annualized dividend and a yield of 8.21%. The ex-dividend date is Tuesday, January 12th.

Shares of Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund stock opened at $8.15 on Friday. Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund has a 12-month low of $4.76 and a 12-month high of $8.69.

In other news, Portfolio Manager Christopher M. Lee purchased 10,000 shares of Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund stock in a transaction that occurred on Monday, December 21st. The shares were bought at an average cost of $8.07 per share, with a total value of $80,700.00. Following the completion of the purchase, the portfolio manager now directly owns 10,000 shares in the company, valued at $80,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund

Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody’s Investors Service, Inc or BB or lower by Standard & Poor’s Ratings Group.

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