Routine proxy with no contested items or shareholder proposals. Monitor for any late-breaking shareholder nominations or proposals ahead of the November 30, 2026 deadline for the 2027 annual meeting. The upcoming retirements of Chair Penny and two other Trustees signal gradual board refreshment over the next two years.
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Executive Summary
Allspring Utilities and High Income Fund (ERH) filed its definitive proxy statement for the November 30, 2026 annual meeting. The sole proposal is the election of three incumbent Independent Trustees (Isaiah Harris Jr., Cindy J. Miller, Olivia S. Mitchell) to Class I for three-year terms. The filing is routine with no shareholder proposals, no contested elections, no compensation matters, and no related-party transactions disclosed.
Key Facts
- Annual Meeting scheduled for November 30, 2026, at 1:00 p.m. Eastern time in Boston, MA.
- Shareholders of record as of September 30, 2026 are entitled to vote.
- Fund had 8,832,156 common shares outstanding as of September 30, 2026.
- Three incumbent Trustees nominated for election to Class I: Isaiah Harris Jr., Cindy J. Miller, and Olivia S. Mitchell.
- Board unanimously recommends a vote FOR each nominee.
- No shareholder proposals were submitted for the meeting.
- No Say-on-Pay vote or executive compensation disclosure (officers are compensated by the adviser, not the Fund).
- Trustee compensation from the Fund ranges from $3,203 to $5,080 for FY2026; total Fund Complex compensation ranges from $291,500 to $462,250.
- KPMG LLP is the independent registered public accounting firm; audit fees were $64,490 for both FY2026 and FY2025.
- Depository Trust Company owns approximately 100% of outstanding shares of record; no beneficial owner of 5% or more identified.
- Officers and Trustees as a group beneficially own less than 1% of Fund shares.
- Chair Timothy J. Penny expected to retire on or about December 31, 2026; Isaiah Harris Jr. expected to retire on or about December 31, 2027; Olivia S. Mitchell and Jane A. Freeman expected to retire on or about December 31, 2028.
Financial Impact
No material financial impact. Trustee compensation is immaterial relative to Fund assets.
Risk Factors
- No material risks identified from this routine proxy filing.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001279014-26-000006 |
| Document: 0001279014-26-000006-index-headers.html | 0001279014-26-000006 |
| Document: 0001279014-26-000006-index.html | 0001279014-26-000006 |
| Document: 0001279014-26-000006.txt | 0001279014-26-000006 |
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