Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends of $0.085

Wells Fargo Funds Management, LLC announced today the dividend declaration for the Wells Fargo Advantage Income Opportunities Fund (NYSE Amex: EAD), the Wells Fargo Advantage Multi-Sector Income Fund ERC, the Wells Fargo Advantage Utilities and High Income Fund (NYSE Amex: ERH), and the Wells Fargo Advantage Global Dividend Opportunity Fund EOD. The Wells Fargo Advantage Income Opportunities Fund is a closed-end high-yield bond fund. The Fund's investment objective is to seek a high level of current income. The Fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective. The Wells Fargo Advantage Income Opportunities Fund declared the following monthly dividend from ordinary income: Declaration Date Ex-Dividend Date Record Date Payable Date Dividend Rate/Share November 19, 2010 December 13, 2010 December 15, 2010 January 3, 2011 $0.085/share