Wells Fargo Asset Management Announces Changes to Closed-End Funds Portfolio Management Teams

SAN FRANCISCO--(BUSINESS WIRE)--Effective Aug. 6, 2020, Senior Portfolio Manager Niklas Nordenfelt and Portfolio Manager Philip Susser are no longer portfolio managers of the Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), the Wells Fargo Utilities and High Income Fund (NYSE American: ERH), and the Wells Fargo Global Dividend Opportunity Fund (NYSE: EOD). In addition, effective Aug. 6, 2020, Mike Schueller, Chartered Financial Analyst (CFA), and Chris Lee, CFA, will be added as portfolio managers of the above-mentioned funds and will manage each fund’s high-yield bond investments or investment sleeve. There are no changes to the investment philosophy or process of any of these funds as a result of this transition.