EX-99.C 5 d33438dex99c.htm IMPORTANT NOTICE TO SHAREHOLDERS Important Notice to Shareholders

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

March 2, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 1/31/2020  
   

Current Month

            Fiscal Year to Date            Current Month  
        Estimated Sources of Distribution                  Estimated Sources of Distribution            Estimated Percentages of Distribution  
    Per Share         LT     ST     Paid in            Per Share           LT     ST     Paid in                  LT     ST     Paid in  
    Distribution   NII     Gains     Gains     Capital            Distribution     NII     Gains     Gains     Capital            NII     Gains     Gains     Capital  

ERH

   0.07988     0.06190       0.01798       0.00000       0.00000          0.47058       0.19525       0.09746       0.00000       0.17787          77.5 %      22.5 %      0.0 %      0.0 % 

The 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.

 

Data as of 1/31/2020  
            Fiscal             Annualized     Cumulative  
     Quarterly      YTD             5-Year
Return on		     Fiscal YTD
Dist Rate		     Fiscal YTD
Return on		     Fiscal YTD
Dist Rate		  
     Dist      Dist      NAV      NAV     on NAV1     NAV     on NAV1  

ERH

      0.07988        0.47058        13.67        7.41 %      6.85 %      5.65 %      2.53 % 

1   As a percentage of 1/31/2020 NAV

   

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE  

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

April 1, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 2/29/2020  
    Current Month            Fiscal Year to Date            Current Month  
   

 

     Estimated Sources of Distribution           

 

     Estimated Sources of Distribution            Estimated Percentages of Distribution  
    Per Share           LT     ST     Paid in            Per Share           LT     ST     Paid in                  LT     ST     Paid in  
    Distribution     NII     Gains     Gains     Capital            Distribution     NII     Gains     Gains     Capital            NII     Gains     Gains     Capital  

ERH

     0.08040       0.04491       0.03549       0.00000       0.00000          0.55091       0.24013       0.13294       0.00000       0.17784          55.9 %      44.1 %      0.0 %      0.0 % 

The 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.

 

Data as of 2/29/2020  
            Fiscal             Annualized     Cumulative  
     Quarterly      YTD             5-Year
Return on		     Fiscal YTD
Dist Rate		     Fiscal YTD
Return on		     Fiscal YTD
Dist Rate		  
     Dist      Dist      NAV      NAV     on NAV1     NAV     on NAV1  

ERH

      0.08040        0.55091        12.45        5.73 %      8.08 %      (3.19 )%      2.85 % 

1   As a percentage of 2/29/2020 NAV

    

ACTIVE/101460465.1

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE  

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

May 1, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 3/31/2020  
    Current Month        Fiscal Year to Date        Current Month  
        Estimated Sources of
Distribution		            Estimated Sources of
Distribution		        Estimated Percentages of
Distribution		  
    Per Share       LT   ST   Paid in        Per Share       LT   ST   Paid in            LT   ST     Paid in  
    Distribution   NII   Gains   Gains   Capital        Distribution   NII   Gains   Gains   Capital        NII   Gains   Gains     Capital  

ERH

   0.08096   0   0.00412   0   0.07684      0.63215   0.24025   0.13713   0   0.25477      0.00%   5.10%     0.00 %      94.90 % 

The 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.

 

Data as of 3/31/2020  
            Fiscal             Annualized     Cumulative  
                          5-Year    

Fiscal

YTD

    

Fiscal

YTD

    

Fiscal

YTD

  
    

Monthly

Dist

     

YTD

Dist

      NAV     

Return on

NAV

    

Dist Rate

on NAV1

    

Return on

NAV

    

Dist Rate

on NAV1

  

ERH

      0.08096        0.63215        10.94        3.40 %      8.63 %      (11.70 )%      5.04 % 

1   As a percentage of 3/31/2020 NAV

    

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE  

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

June 1, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 5/31/2020  
     Current
Month		             Fiscal Year to
Date		  
            Estimated Sources of Distribution                    Estimated Sources of Distribution  
     Per Share             LT      ST      Paid in             Per Share             LT      ST  
     Distribution      NII      Gains      Gains      Capital             Distribution      NII      Gains      Gains  

ERH

      0.08027        0.05099        0        0        0.02928           0.71232        0.29121        0.1371        0  
                             

 

Data as of 5/31/2020  
    Current Month     Fiscal Year to Date     Current Month  
          Estimated Sources of Distribution           Estimated Sources of Distribution     Estimated Percentages of Distribution  
    Per Share           LT     ST     Paid in     Per Share           LT     ST     Paid in           LT     ST     Paid in  
    Distribution     NII     Gains     Gains     Capital     Distribution     NII     Gains     Gains     Capital     NII     Gains     Gains     Capital  

ERH

     0.08027       0.05099       0       0       0.02928       0.71232       0.29121       0.1371       0       0.28401       0.635       0       0       0.365  

The 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.

 

Data as of 4/30/2020  
     Fiscal             Annualized     Cumulative  
                   5-Year    

Fiscal

YTD

     Fiscal
YTD		    

Fiscal

YTD

  
     YTD             Return on     Dist Rate     Return on     Dist Rate  
     Dist      NAV      NAV     on NAV1     NAV     on NAV1  

ERH

      0.6321        11.26        3.93 %      8.43 %      (8.45 )%      5.61 % 

1   As a percentage of 4/30/2020 NAV

    

         

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE  

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

July 1, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 6/30/2020        
    Current Month     Fiscal Year to Date     Current Month  
          Estimated Sources of Distribution           Estimated Sources of Distribution     Estimated Percentages of Distribution  
    Per Share           LT     ST     Paid in     Per Share           LT     ST     Paid in           LT     ST     Paid in  
    Distribution     NII     Gains     Gains     Capital     Distribution     NII     Gains     Gains     Capital     NII     Gains     Gains     Capital  

ERH

     0.08033       0.0656       0       0       0.01473       0.79254       0.35677       0.13708       0       0.29869       81.70 %      0.00 %      0.00 %      18.30 % 

The 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.

 

Data as of 5/31/2020  
     Fiscal             Annualized     Cumulative  
     YTD             5-Year
Return on		    

Fiscal

YTD
Dist Rate

     Fiscal YTD
Return on		    

Fiscal

YTD
Dist Rate

  
     Dist      NAV      NAV     on NAV1     NAV     on NAV1  

ERH

      0.71232        11.80        5.23 %      8.04 %      (3.48 )%      6.04 % 

1   As a percentage of 5/31/2020 NAV

    

      

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE  

LOGO

 

Wells Fargo Utilities and High Income Fund (ERH)

CUSIP 94987E109

IMPORTANT NOTICE TO SHAREHOLDERS

August 3, 2020 – This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

 

Data as of 7/31/2020  
    Current Month        Fiscal Year to Date        Current Month  
        Estimated Sources of Distribution            Estimated Sources of Distribution        Estimated Percentages of Distribution  
    Per Share       LT   ST   Paid in        Per Share       LT   ST   Paid in            LT   ST     Paid in  
    Distribution   NII   Gains   Gains   Capital        Distribution   NII   Gains   Gains   Capital        NII   Gains   Gains     Capital  

ERH (FYE 8/31)

   0.07957   0   0   0   0.07957      0.87227   0.35688   0.13708   0   0.37831      0.00%   0.00%     0.00 %      100.00 % 

The 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.

 

Data as of 6/30/2020
     Fiscal         Annualized   Cumulative
     YTD         5-Year  

Fiscal

YTD

   Fiscal YTD  

Fiscal

YTD

     Dist    NAV    Return on
NAV		   Dist Rate
on NAV1		   Return on
NAV		   Dist Rate
on NAV1
ERH (FYE 8/31)    0.7927    11.33    5.11%   8.40%   (8.04)%   7.00%

1   As a percentage of 6/30 NAV

         

 

NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE