ASML Holding NV
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Growth
Based in Netherlands
Company profile

ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company's products include systems, and installed base products and services. The Company's principal operations are in the Netherlands, the United States and Asia. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for 300 millimeter processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems). The Company also offers NXE systems, which are equipped with extreme ultraviolet (EUV) light source technology. The Company offers YieldStar, a wafer metrology system.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$366.34
Day's Change
-0.40 (-0.11%)
Bid
--
Ask
--
B/A Size
--
Day's High
370.91
Day's Low
359.93
Volume
(Average)
Volume:
912,176

10-day average volume:
933,051
912,176

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

4:43 pm ET August 6, 2020 (BusinessWire) Print

The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of the August 3, 2020, distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.

IMPORTANT NOTICE TO SHAREHOLDERS

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

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               Fiscal               Fiscal               Fiscal                    Annualized           Annualized           Annualized                           Annualized                           Cumulative                           Cumulative
                                                                                    -------------------- -------------------- -------------------- --------------------------------------------------   -------------------- -------------------------------------------------
                    Fiscal           Fiscal
                     YTD                  YTD                         5-Year               5-Year               5-Year               5-Year                   YTD         Fiscal YTD                               YTD
              Return on            Return on            Return on            Return on         Dist Rate         Return on         Dist Rate
        Dist         Dist                 Dist                 NAV                  NAV                           NAV                  NAV                 on NAV(1)          NAV            on NAV(1)
ERH (FYE 8/31)       ERH (FYE 8/31)              0.7927               0.7927                  11.33                  5.11%             8.40%            (8.04)%            7.00%

Additional Disclosures about the Wells Fargo Closed-End Funds

The 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 7.5%, based on the fund's 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's 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's NAV to decline. Investors should not draw any conclusions about the fund's investment performance from the amount of its distribution or from the terms of its managed distribution plan.

The quoted distribution rate is a figure that uses the fund's 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.

The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund's investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.

The 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's 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.

For more information on Wells Fargo's closed-end funds, please visit our website.

The fund is a closed-end fund that is no longer engaged in initial public offerings, and shares are available only through broker-dealers on the secondary market. Unlike an open-end mutual fund, a closed-end fund offers a fixed number of shares for sale. After the initial public offering, shares are bought and sold through broker-dealers in the secondary marketplace, and the market price of the shares is determined by supply and demand, not by NAV, and is often lower than the NAV. A closed-end fund is not required to buy its shares back from investors upon request.

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. High-yield, lower-rated bonds may contain more risk due to the increased possibility of default. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of international investing are magnified in emerging or developing markets. 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. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts. 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. There are numerous risks associated with transactions in options on securities. Illiquid securities may be subject to wide fluctuations in market value and may be difficult to sell. This closed-end fund is no longer available as an initial public offering and is only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request.

Wells 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).

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, strategy, or plan.

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' 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.

PAR-0820-00020

INVESTMENT PRODUCTS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE

View source version on businesswire.com: https://www.businesswire.com/news/home/20200806006066/en/

SOURCE: Wells Fargo & Company

Media 
Jeanette Foster, 415-264-1323
jeanette.d.foster@wellsfargo.com


Shareholder inquiries 
1-800-730-6001


Financial advisor inquiries 
1-888-877-9275
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