PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the Appropriate Box:
[ ] | Preliminary Proxy Statement |
[ ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
[ ] | Definitive Proxy Statement |
[X] | Definitive Additional Materials |
[ ] | Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 |
WELLS FARGO MULTI-SECTOR INCOME FUND
(Name of Registrant as Specified in Its Charter)
Payment of filing fee (check the appropriate box):
[X] | No fee required. |
(a) Title of each class of securities to which transaction applies: | |
(b) Aggregate number of securities to which transaction applies: | |
(c) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | |
(d) Proposed maximum aggregate value of transaction: | |
(e) Total fee paid: | |
[ ] | Fee paid previously with preliminary material |
[ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
(a) Amount Previously Paid: ______________ | |
(b) Form, Schedule or Registration Statement No.: ____ | |
(c) Filing Party: ______________________ | |
(d) Date Filed: _______________________ |
[WFAM Logo]WELLS FARGO Login Contact Us
ASSET MANAGEMENT
About Us Investments Insights Resources
Product Alert
June 8, 2021
Shareholder proxy statements for change of control of WFAM
On June 7, Wells Fargo Asset Management (“WFAM”("'WFAM") made definitive proxy statement filings withfilingswith the SEC for the Wells Fargo Funds inFundsin preparation for the change ofchangeof control of WFAM that will occur asoccuras part of the previously announced transitiontransit ion to new ownership. This change of control will result in the automatic termination of each fund’sfund's investment management and sub-advisory agreements. In order to continue the operations of the funds,the funds are required to seek shareholder approval of new investment management and sub-advisory agreements.A shareholder meeting is being held on August 16, 2021 to approve new agreements.Why are
The 13 proxy statement filings can be downloaded from the funds’ advisor and certain sub-advisors experiencing a changefollowing table.
Change of control?On February 23, 2021, Control proxy statement Applicable funds
1. Targetdate funds (PDF)
Wells Fargo & Company (“Wells Fargo”) announced that it had entered into a definitive agreement to sell WFAM to a holding company affiliated with private funds of GTCR LLC and Reverence Capital Partners, L.P. (the “Transaction”). WFAM is the trade name used by the asset management businesses of Dynamic Target TodayFund
Wells Fargo and includes Dynamic Target 2015 Fund
Wells Fargo FundsDynamic Target 2020 Fund
Wells Fargo Dynamic Target2025 Fund
Wells Fargo Dynamic Target 2030 Fund
Wells Fargo Dynamic Target 2035 Fund
Wells Fargo Dynamic Target2040 Fund
Wells Fargo Dynamic Target 2045 Fund
Wells Fargo Dynamic Target2050 Fund
Wells Fargo Dynamic Target 2055 Fund
Wells Fargo Dynamic Target 2060 Fund
Wells Fargo Target Today Fund
Wells Fargo Target 2010 Fund
Wells Fargo Target2015 Fund
Wells Fargo Target 2020 Fund
Wells Fargo Target 2025 Fund
Wells Fargo Target 2030 Fund
Wells Fargo Target 2035 Fund
Wells Fargo Target 2040 Fund
Wells Fargo Target 2045 Fund
Wells Fargo Target 2050 Fund
Wells Fargo Target 2055 Fund
Wells Fargo Target 2060 Fund
2. Master feeder funds (PDF)
Wells Fargo C&B Large Cap Value Fund
Wells Fargo Core Bond Fund
Wells Fargo Emerging Growth Fund
Wells Fargo Index Fund
Wells Fargo Real Return Fund
Wells Fargo Small Company Growth Fund
Wells Fargo Small Company Value Fund
3. Money marketfunds (PDF)
Wells Fargo C&B Large Cap Value Fund
Wells Fargo Core Bond Fund
Wells Fargo Emerging Growth Fund
Wells Fargo 100% Treasury Money Market Fund
Wells Fargo Government Money Market Fund
Wells Fargo Heritage Money Market Fund
Wells Fargo Money Market Fund
Wells Fargo Municipal Cash Management LLC (“Funds Management”), the investment manager to the Funds, MoneyMarket Fund
Wells Capital Management Incorporated, and Fargo National Tax-FreeMoney Market Fund
Wells Fargo Treasury Plus Money Market Fund
4. CoreBuilder SeriesM (PDF)
Wells Fargo Managed Account CoreBuilder Shares – Series M
5. Manager of managers funds (PDF)
Wells Fargo Absolute Return Fund
Wells Fargo Core Plus Bond Fund
Wells Fargo Growth Balanced Fund
Wells Fargo Moderate Balanced Fund
Wells Fargo Specialized Technology Fund
Wells Fargo Spectrum Aggressive Growth Fund
Wells Fargo Spectrum Moderate Growth Fund
6. Post -2015 funds (PDF)
Wells Fargo Alternative Risk Premia Fund
Wells Fargo Global Investment Grade Credit Fund
Wells Fargo Low Volatility U.S. Equity Fund
Wells Fargo Municipal Sustainability Fund
Wells Fargo Special International Small Cap Fund
7. Various funds (PDF)
Wells Fargo Adjustable Rate Government Fund
Wells Fargo Asset Management (International) Limited, the sub-advisers to certain of the Funds , and Allocation Fund
Wells Fargo Funds Distributor, LLC, the Funds’ principal underwriter. In connection with the Transaction, Conservative Income Fund
Wells Fargo Diversified Capital is expected to convert from aBuilder Fund
Wells Fargo Diversified Income Builder Fund
Wells Fargo Emerging Markets Equity Fund
Wells Fargo Emerging Markets Equity Income Fund
Wells Fargo Global Small Cap Fund
Wells Fargo Government Securities Fund
Wells Fargo High Yield Bond Fund
Wells Fargo Income Plus Fund
Wells Fargo Index Asset Allocation Fund
Wells Fargo International Bond Fund
Wells Fargo International Equity Fund
Wells Fargo Precious Metals Fund
Wells Fargo Short Duration Government Bond Fund
Wells Fargo Short-Term Bond Plus Fund
Wells Fargo Short-Term High Yield Bond Fund
Wells Fargo Spectrum Income Allocation Fund
Wells Fargo Spectrum Growth Fund
Wells Fargo Spectrum Conservative Growth Fund
Wells Fargo Ultra Short -Term Income Fund
Wells Fargo Utility and Telecommunications Fund
8. Various funds (PDF)
Wells Fargo C&B Mid Cap Value Fund
Wells Fargo California corporation to a Delaware limited liability company.Consummation of the Transaction will result in the automatic termination of each fund’s investment management agreement with Funds ManagementLimited-Term Tax-Free Fund
Wells Fargo California Tax- Free Fund
Wells Fargo Classic Value Fund
Wells Fargo Common Stock Fund
Wells Fargo Disciplined SmallCap Fund
Wells Fargo Disciplined U.S. Core Fund
Wells Fargo Discovery Fund
Wells Fargo Diversified Equity Fund
Wells Fargo Endeavor Select Fund
Wells Fargo Enterprise Fund
Wells Fargo Fundamental Small Cap GrowthFund
Wells Fargo Growth Fund
Wells Fargo High Yield Municipal Bond Fund
Wells Fargo Intermediate Tax/AMT-Free Fund
Wells Fargo Large Cap Core Fund
Wells Fargo Large Cap Growth Fund
Wells Fargo Large CompanyValue Fund
Wells Fargo Minnesota Tax-Free Fund
Wells Fargo Municipal Bond Fund
Wells Fargo Omega GrowthFund
Wells Fargo Opportunity Fund
Wells Fargo Pennsylvania Tax-Free Fund
Wells Fargo Premier Large CompanyGrowth Fund
Wells Fargo Short-Term Municipal Bond Fund
Wells Fargo Small Cap Fund
Wells Fargo Special Mid Cap Value Fund
Wells Fargo Special Small Cap Value Fund
Wells Fargo Strategic Municipal Bond Fund
Wells Fargo Ultra Short -Term MunicipalIncome Fund
Wells Fargo Wisconsin Tax-Free Fund
9. VT funds (PDF)
Wells Fargo VT Discovery Fund
Wells Fargo VT Index Asset Allocation Fund
Wells Fargo VT International Equity Fund
Wells Fargo VT Omega Growth Fund
Wells Fargo VT Opportunity Fund
Wells Fargo VT SmallCap Growth Fund
10. Multi-Sector Income Fund (PDF)
Wells Fargo Multi-Sector Income Fund
11. Utilities and sub-advisory agreements with High Income Fund (PDF)
Wells Capital, WFAM(I)Fargo Utilities and the other unaffiliated sub-advisors to the funds. The Board of Trustees of the funds approved a new investment management agreement with Funds Management and a new sub-advisory agreements with the various sub-advisors to the funds. Pursuant to a proxy statement, the funds are asking shareholders to approve the new agreements to replace the existing agreements that will terminate. The Transaction is expected to close in the second half of 2021, subject to customary closing conditions.Does this change require shareholder approval?Yes. All shareholders of record as of May 28, 2021, will be mailed a proxy statement and ballot in June 2021. We anticipate convening a special meeting of shareholders on August 16, 2021.
High Income Fund
12. Global Dividend Opportunity Fund (PDF)
Wells Fargo Global Dividend Opportunity Fund
13. Income Opportunities Fund (PDF)
Wells Fargo Income Opportunities Fund
Additional information and where to find it
This is not an offer to sell or aora solicitation of an offer toofferto buy shares of any investment company, nor is it a solicitation of any proxy. In connection with the proposed transactions, the funds filed a definitive proxy statementadefinitive proxystatement with the U.S. SecuritiesU.S.Securities and Exchange Commission (SEC)on June 7, 2021. All shareholders of record as of May 28, 2021, will be mailed a proxy statement and ballot in June 2021. All shareholders are advised to read the proxy statement in its entirety becauseentiretybecause it contains important information about the proposed investment management and sub-advisory agreements, the funds,the Transaction, fees, expenses, risk considerations, and the intereststheinterest s of certain persons inpersonsin the Transaction and related matters. Fundmatters.Fund shareholders may obtain a free copy ofcopyof the proxy statement and other documents filed by the funds with the SEC at the SEC’sSECs website, www.sec.gov. Free copieswww.sec.gov.Free cop ies of the proxy statement may be obtained atobtainedat the funds’funds' website, www.wfam.com,or by directing a request by phone to 1-800-222-8222, or by mail to Wells Fargo Funds, P.O. Box 219967,21996, Kansas City, MO 64121-9967. In addition to the proxy statement, the funds file annual and semi-annual reports andreportsand other information with the SEC. Free copies ofcopiesof such reports may be obtained at the funds’funds' website, www.wfam.com, or by directing a request by phone to 1-800-222-8222, or by mail to Wells Fargo Funds, P.O. Box 219967, Kansas City, MO 64121-9967. You maym ay also read and copy any reports, statements, or other information filedfi led by funds at the SEC’sSEC's public reference roomsreferencerooms at 100 F Street,N.E., Washington, D.C., 20549-0102. Please20549 -0102.Please call the SEC at 1-800-SEC-03301 -800-SEC-0330 for further information on the public reference rooms. Filings made with the SEC by the funds are also available to thet o t he public from commercial document-retrievaldocument retrieval services and at the website maintained by the SEC at sec.gov.
Participants in the solicitation
The funds and their respectivetheirrespective directors, executive officers, and certain members ofmembersof their management and other employees may be soliciting proxies from shareholders in favor offavorof the transaction and other relatedotherrelated matters. Information about personsaboutpersons who may be considered participants in the solicitation of the funds’funds' shareholders under the rules of the SEC will be in the proxy statement.Mutual funds investing involves risks, including the possible loss
Quick Links Legal Follow Us on Social Follow Us elsewhere
Press Room Terms of principal,Use Advantage Voice Blog
Contact Us Privacy Policies
Prospectus Notice of Data Collection
Other Policies and may not be appropriate for all investors. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest rate changes and their impact on the fund and its share price can be sudden and unpredictable. High-yield securities have a greater risk of default and tend to be more volatile than higher-rated debt securities. The use of derivatives may reduce returns and/or increase volatility. Securities issued by U.S. government agencies or government-sponsored entities may not be guaranteed by the U.S. Treasury. The fund will indirectly be exposed to allDisclosures
Protect Against Fraud
This section of the risks ofwebsite is intended for an investment inInstitutional and/or Investment Professional audience and not for the underlying funds and will indirectly bear expenses of the underlying funds. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to foreign investment risk, mortgage- and asset-backed securities risk, regulatory risk, and smaller-company investment risk. Consult the fund’s prospectus for additional information on these and other risks.Carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. For a current prospectus and, if available, a summary prospectus, containing this and other information, visit wfam.com. Read it carefully before investing.
retail public.
Wells Fargo Asset Management (WFAM) is the trade nametradename for certain investment advisory/management firms owned by Wells Fargo & Company.&Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. CertainFargoFunds Management. LLC.Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor,Distributor. LLC (a broker-dealerbroker dealer and Member FINRA). .Research our firms with FINRA's Broker Check.
This materialwebsite is for general informational and educational purposes onlypurposesonly and is NOT intended to provideintendedfor a U.S. audience only. This website and the information contained in it are not and shouldnot be considered investment advice a solicitation offer or a recommendation ofto sell or buy any kind—including a recommendation for any specific investment, strategy, or plan.This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment,specificinvestment strategy or plan. PAR-0621-00193Wells Fargo Funds are offered by prospectus and only to residents of the United States. Wells Fargo does not controlor endorse and is not responsible for third-party websitesto which this site links.
For an accessible version of any PDF listed on this site, pleasecontact us at 1-800-222-8222.
2021 Wells Fargo & Company. All rights reserved.
INVESTMENT PRODUCTS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE