Business Description
Allspring Utilities and High Income Fund is a US-based closed-end fund jointly overseen by Wells Fargo Funds Management LLC, Crow Point Partners LLC, and Wells Capital Management Incorporated. The fund spreads its investments across both stocks and bonds, focusing on American utility companies of all sizes ? including those in water, gas, electricity, and telecommunications ? while also pursuing higher returns through below-investment-grade fixed income securities. It has been operating since April 2004.
