The Fund announced today that will renew open-market share repurchase program.
he funds’ Board of Trustees has authorized the repurchase of an aggregate of up to 5% of each fund’s outstanding shares in open-market transactions during the period beginning January 1, 2025 and ending December 31, 2025. The Board has again delegated to Allspring Funds Management, LLC, discretion to determine the amount and timing of repurchases of shares of each fund in accordance with the best interests of the fund and subject to applicable legal limitations. The Board will continue to receive periodic reports on repurchase activity as part of its ongoing oversight of the programs, which includes deciding whether to renew or discontinue the programs at the end of their terms.
The Board previously authorized the repurchase during the period from January 1, 2024, through December 31, 2024, of an aggregate of up to 5% of the outstanding shares of each fund. Through October 31, 2024, EOD repurchased 122,856 shares (or 0.28% of outstanding shares), ERC repurchased 12,490 shares (or 0.04% of outstanding shares), and ERH repurchased 269,380 shares (or 2.92% of outstanding shares). EAD did not repurchase any shares during this period.