Distribution<\/b><\/td>\n
Capital<\/b><\/td>\n
Distribution<\/b><\/td>\n
Capital<\/b><\/td>\n
Capital<\/b><\/td>\n<\/tr>\n
\nERH (FYE 8\/31)\n<\/p>\n<\/td>\n
\n0.07067\n<\/p>\n<\/td>\n
\n0.04488\n<\/p>\n<\/td>\n
\n0\n<\/p>\n<\/td>\n
\n0\n<\/p>\n<\/td>\n
\n0.02579\n<\/p>\n<\/td>\n
\n0.49971\n<\/p>\n<\/td>\n
\n0.26898\n<\/p>\n<\/td>\n
\n0\n<\/p>\n<\/td>\n
\n0\n<\/p>\n<\/td>\n
\n0.23073\n<\/p>\n<\/td>\n
\n63.50%\n<\/p>\n<\/td>\n
\n0.00%\n<\/p>\n<\/td>\n
\n0.00%\n<\/p>\n<\/td>\n
\n36.50%\n<\/p>\n<\/td>\n<\/tr>\n
\nThe following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions.\n<\/p>\n
| \n Data as of | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | |||||||||||||||||||||||||||||||
| \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Annualized<\/b><\/p>\n<\/td>\n | \n Cumulative<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 5-Year<\/b><\/p>\n<\/td>\n Fiscal YTD<\/b><\/p>\n<\/td>\n Fiscal YTD<\/b><\/p>\n<\/td>\n Fiscal YTD<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Fiscal NAV<\/b><\/p>\n<\/td>\n Return on Dist Rate Return on Dist Rate \n\u00a0\n<\/p>\n<\/td>\n \nERH (FYE 8\/31)\n<\/p>\n<\/td>\n \n0.42904\n<\/p>\n<\/td>\n \n11.73\n<\/p>\n<\/td>\n \n6.77%\n<\/p>\n<\/td>\n \n7.38%\n<\/p>\n<\/td>\n \n1.21%\n<\/p>\n<\/td>\n \n3.66%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 1 <\/sup>As a percentage of 2\/28 NAV<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n Additional Disclosures about the Wells Fargo Closed-End Funds<\/b><\/p>\n \nThe fund makes distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 7.0%, based on the fund\u2019s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and\/or capital gains. The fund\u2019s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund\u2019s NAV to decline. Investors should not draw any conclusions about the fund\u2019s investment performance from the amount of its distribution or from the terms of its managed distribution plan.\n<\/p>\n \nThe quoted distribution rate is a figure that uses the fund\u2019s previous distribution to calculate an annualized figure. The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation.\n<\/p>\n \nThe Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund\u2019s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.\n<\/p>\n \nThe final determination of the source of all dividend distributions in the current year will be made after year-end. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon a fund\u2019s investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.\n<\/p>\n \nFor more information on Wells Fargo\u2019s closed-end funds, please visit our website<\/a>.\n<\/p>\n This closed-end fund is no longer available as an initial public offering and is only offered through broker-dealers on the secondary market.<\/b> A closed-end fund is not required to buy its shares back from investors upon request. Shares of the fund may trade at either a premium or discount relative to the fund\u2019s net asset value, and there can be no assurance that any discount will decrease. The values of, and\/or the income generated by, securities held by the fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. The fund is also subject to risks associated with any concentration of its investments in the utility sector. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation due to adverse developments within that industry or sector. The fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future. The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of net asset value and the market price of common shares. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track.\n<\/p>\n \nWells Fargo Asset Management (WFAM) is the trade name for certain investment advisory\/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).\n<\/p>\n \nThis material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind\u2014including a recommendation for any specific investment, strategy, or plan.\n<\/p>\n Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds\u2019 actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances<\/i>. PAR-0321-00889\n<\/p>\n INVESTMENT PRODUCTS: NOT FDIC INSURED \u25cf NO BANK GUARANTEE \u25cf MAY LOSE VALUE<\/b><\/p>\n \nWF-CF\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210401005919\/en\/<\/a><\/span><\/p>\n |