– ​​​​​​​Launches Enhanced National Supplier Development & Marketing Organization and Makes Two New Leadership Appointments

MIAMI & DALLAS–(BUSINESS WIRE)–#beverageSouthern Glazer’s Wine & Spirits (Southern Glazer’s)—the world’s preeminent distributor of beverage alcohol—today announced two key appointments for its newly enhanced national Supplier Development & Marketing (SDM) organization.

Effective October 1, 2021, Mark Chaplin has been promoted to the role of Senior Vice President, Sales and Marketing, reporting directly to Gene Sullivan, Chief Sales and Marketing Officer. In addition to his current responsibilities, Mr. Chaplin will now assume the leadership role of Southern Glazer’s corporate supplier management team, which currently serves as national brand managers for key strategic suppliers. In his leadership role, this supplier-centric team will be responsible for driving growth that outpaces the industry by collaborating directly with both strategic suppliers and Southern Glazer’s regional, state, national accounts, and functional support teams.

Also effective October 1, 2021, Zachary Poelma has been promoted to the role of Senior Vice President, Supplier Strategy, reporting directly to Mr. Sullivan. In his expanded role, Mr. Poelma will work hand-in-hand with Mr. Chaplin on embedding a supplier-centric approach across a team of talented professionals including Supplier Strategy, Insights, and other supplier support functions.

Gene Sullivan, Chief Sales and Marketing Officer said, “I am very excited to have Mark Chaplin assume the additional responsibility of leading our newly enhanced Supplier Development & Marketing organization. Mark is a proven leader with a collaborative approach and has delivered strong results while driving change in each of his prior roles. He brings a supplier-centric mindset and in-depth knowledge of how to drive effective sales growth for Southern Glazer’s supplier partners.”

Sullivan went on to say, “Zach Poelma has a strong track record of success at Southern Glazer’s while working in a number of strategy and analytical roles. Enhancing the value for both our supplier partners and internal teams is something Zach has consistently delivered on and will be critical for this new role.”

Senior Vice President Sales and Marketing Mark Chaplin

Mark Chaplin most recently held the role of Vice President, Sales and Marketing. In this role, Mr. Chaplin worked directly with Gene Sullivan to support sales execution excellence and interacted closely with strategic supplier and customer partners. Prior to that appointment, he was the Director of Sales and Commercial Operations for the East Region, where he contributed to several key strategic initiatives including East Region Forecast and Planning management, route-to-market restructuring, and program management. Mr. Chaplin’s work experience prior to Southern Glazer’s includes positions with Gallo Sales Company, Merrill Lynch, Grant Thornton, and Morgan Stanley Smith Barney. Mark Chaplin earned his Master of Business Administration degree from the University of Miami. He is also a graduate of the Southern Glazer’s Exceptional Leaders Program (ELP).

“The new SDM team will be focused on over-delivering on enhanced value creation, supporting our strategic supplier partners,” said Mr. Chaplin. “The wine and spirits marketplace has evolved significantly over the past five years since we created our Supplier Management Business Development (SMBD) function during the SGWS merger. Since that time, Southern Glazer’s has made significant investments in our go-to-market strategy, and now is the right time to align this corporate function to reflect those changes. We need to ensure we are growing our supplier management teams to best position our suppliers for success in this new landscape, leveraging our industry-leading insights and Supplier 360 Planning processes.”

Senior Vice President Supplier Strategy Zach Poelma

Zach Poelma has served in multiple strategy and analytics roles of increasing responsibility since joining Southern Glazer’s in 2011. He most recently held the role of Senior Vice President, Supplier Strategy & Business Development, where he has overseen the Supplier Insights and Strategy teams, while also leading supplier expansion initiatives and collaborating with regional and state teams. In addition to his time at Southern Glazer’s, Mr. Poelma has also worked in corporate and financial roles for Procter & Gamble, Dannon, and UBS. He earned a Bachelor of Science from The United States Naval Academy and received an MBA from NYU’s Stern School of Business. He is also a graduate of Southern Glazer’s Preeminent Leadership Program, in partnership with the Harvard Business School of Executive Education.

“I look forward to working side-by-side with Mark in his new role,” added Mr. Poelma. “Through the efforts of our expanded teams, we’ll accomplish our supplier partners’ goals by driving greater accountability, as well as more robust sales effectiveness, utilizing the SG Proof digital platform, which provides industry-leading analytics and insights.”

About Southern Glazer’s Wine & Spirits

Southern Glazer’s Wine & Spirits is the world’s pre-eminent distributor of beverage alcohol, and proud to be a multi-generational, family-owned company. The Company has operations in 44 U.S. states, the District of Columbia, and Canada. Southern Glazer’s urges all retail customers and adult consumers to market, sell, serve, and enjoy its products responsibly. For more information visit www.southernglazers.com. Follow us on Twitter and Instagram @sgwinespirits and on Facebook at Facebook.com/SouthernGlazers.


Southern Glazer’s Wine and Spirits, LLC

Cindy Haas

Vice President, Communications & CSR

Office: (305) 625-4171, ext. 1166

Mobile: (786) 498-7640

Email: cynthia.haas@sgws.com 


Jennifer Hanlon

Manager, Communications & CSR

Office: (305) 625-4171, ext. 1534

Mobile: 305-898-9982

Email: jennifer.hanlon@sgws.com

Leading tech investment conference includes the premier compliance, protection, and software and consulting company as part of diverse lineup of innovators from the Southeast’s hottest tech markets

ATLANTA–(BUSINESS WIRE)–Athliance, NCAA software and Sports Management company, has been chosen out of a record-breaking 400-plus applicants as one of the top technology companies in the Southeast to be showcased at Venture Atlanta 2021 being held on October 20-21. As a consulting and SaaS tech company providing marketing and NIL reassurance, Athliance is eager to assist and protect student-athletes, universities, and brands alike. Athliance will join the 80+ tech companies attending the conference highlighting the excitement surrounding Athliance’s leading work in the burgeoning field of tech as it relates to NCAA athletics, and NIL for student-athletes.

“For the first time in its 115-year history, the NCAA is allowing athletes to profit off their Name, Image, and Likeness (NIL). We know its important to prioritize education, disclosure, and compliance. We are thrilled to share what Athliance is about and how we support athletes, and Venture Atlanta is a great opportunity to do that,” says Peter Schoenthal attorney and CEO of Athliance. “We are equipping athletes, schools, and brands with the ability to thrive while they embark on NIL – leading with transparency and open communication. As a unique player in the tech and sports world, we are focused on keeping athletes in the game.”

For 14 years, the annual Venture Atlanta conference has been selecting the most promising tech companies and bringing in top investment firms from across the nation to hear them pitch. The annual conference has helped launch more than 500 companies and raise $6.5 billion in funding to date, with Athliance’s promising growth sure to follow suit.

“Venture Atlanta has become the authority for recognizing technology innovation across the Southeast and beyond, connecting the best and brightest innovators with top-tier, national investors and other leaders in our tech ecosystem,” said Venture Atlanta CEO Allyson Eman. “We again set a new record with over 400 applicants for Venture Atlanta Momentum 2021—it’s our most competitive year ever and reflects yet another raising of the bar in terms of presenter quality.”

A proprietary opportunity management application, Athliance is empowering university & college athletic compliance departments with the tools and resources needed to automate the process of every single NIL opportunity, as well as protecting and educating student athletes about the processes, benefits, and risks of NIL and simplifying them through a platform. Topics include: the do’s and don’ts of NIL, financial literacy, the responsibility of taxes, and basic business. The innovative NCAA compliant software emphasizes athlete protection with NIL recent changes in mind, prioritizes assisting athletes in their endeavors to profit on their talents and ensuring compliance for schools and brands alike.

This year’s Venture Atlanta will be held in person with a limited number of tickets available, but virtual attendance is a great alternative option. For those attending in person, Venture Atlanta is back with its always-great sessions, presentations, networking opportunities, and outdoor dinner events, giving attendees the opportunity to better connect with and learn more about the innovative companies, like Athliance, in attendance. Virtual attendees can connect with others at the conference, set up one-on-one meetings, stroll the virtual show floor, watch pitches in real-time, and use features like live chat and audience polling.

Expressing his passion for helping educate student athletes, Schoenthal says, “Just like Venture Atlanta invites companies to educate others and share their vision, we designed Athliance to educate young athletes—education is key. Universities and colleges of any size need to focus on compliance and protecting their students, and this is what Athliance strives for. We are so honored to have the opportunity to share more about Athliance at Venture Atlanta.”

To learn more about Athliance, visit https://athliance.co/. For additional information about Venture Atlanta, to register for the event, please visit www.ventureatlanta.org.

About Athliance

Athliance’s proprietary NIL education and opportunity management software empowers compliance departments to operate more efficiently in the new world of college athletics. Their tools and resources allow Universities to maintain current staff levels by automating the communication and workflow of every single opportunity presented to student-athletes, start-to-finish. Their solution mitigates NIL risks and protects scholarships, sponsorships, and post-season appearances. Furthermore, their real-time reporting provides valuable data and insights for marketing and recruiting purposes.

About Venture Atlanta

Venture Atlanta, the Southeast’s technology innovation event, is where the region’s most promising tech companies meet the country’s top-tier investors. As the Southeast’s largest investor showcase helping launch more than 500 companies and raise $6.5 billion in funding to date, the event connects the region’s top entrepreneurs with local and national investors and others in the technology ecosystem who can help them raise the capital they need to grow their businesses. The annual nonprofit event is a collaboration of the Atlanta CEO Council, Metro Atlanta Chamber, and the Technology Association of Georgia (TAG).

For more information, visit www.ventureatlanta.org. For updates, follow us on Twitter and LinkedIn, and visit our blog.


Dara Shlifka


Revolutionary automated fit-to-size packaging systems, CVP Everest and CVP Impack, to make further advances under new ownership

DRACHTEN, Netherlands–(BUSINESS WIRE)–Following the acquisition of Quadient’s Automated Packaging Solution (APS) business and production facility based in Drachten, the Netherlands by Dutch investment firm Standard Investment, Packaging by Quadient rebranded to Sparck Technologies. Standard Investment is focused on investing and building upon market leading technology that has revolutionized packaging for some of the world’s largest retail and ecommerce companies.

As Sparck Technologies, the automated packaging business will continue to provide state-of-the-art packaging solutions to customers worldwide. Sparck Technologies is headquartered in Drachten, where R&D, engineering services, marketing and sales operations are based. The company serves markets in Europe, the U.S., and the U.K.

“We are pleased to officially announce this acquisition by Standard Investment, a highly experienced venture capital firm committed to enhancing the vision of their partners. With this transaction, Standard Investment will provide the resources needed to support our continued innovation and growth, further building and enhancing our support, service and sales capabilities,” said Sean Webb, director of automated packaging solutions in North America.

With the capability to customize up to 1,100 packages per hour, for multiple or single items, the CVP Everest and CVP Impack Packaging Systems offer automated solutions for ecommerce operations challenged by increasing order volumes, labor shortages and rising shipping costs. With installations in more than 13 countries, the CVP Automated Packaging Solutions effortlessly create, fill, fold and label each parcel in one seamless process – reducing package volumes by up to 50 percent, cutting cardboard usage by 30 percent and eliminating the need for void fill. Herbert Schilperoord, partner at Standard Investment expresses his confidence in the unique qualities of Sparck Technologies’ products. “In Drachten, they have developed fantastic, innovative technology for ecommerce packaging systems – they are clearly world leaders in this field. The fact that parcels are automatically made exactly to size at great speed by machines, with such precision, has made a huge impression on us and we are confident that this technology will be the go-to packaging solution for the ecommerce sector.” Standard Investment owns multiple companies spread over four countries with a total of around 4,500 employees and a turnover of more than €1 billion.

“Through our partnership with Standard Investment, we are eager to address a rapidly increasing global market demand for automated packaging solutions, and we believe that this renaming reflects our new journey,” said Webb. “Our new name focuses on what we do best – automated packaging that ignites excitement through innovation, passion and reliability, with the goal of remaining a global leader in fit-to-size packaging,” said Webb.

The new owners plan to accelerate the worldwide roll-out of advanced packaging systems, with an emphasis on the European and North American markets.

About Sparck Technologies

Sparck Technologies (previously known as Packaging by Quadient) is a global leader in the design and fabrication of advanced, fit-to-size automated packaging systems for high-volume ecommerce applications – award-winning sustainable packaging solutions that eliminate excessive packaging. We aim to make every parcel our clients send out a brand ambassador for their business. Based in Drachten, The Netherlands, Sparck Technologies supplies some of the world’s largest retail and industrial brands, supporting their ecommerce channels in multiple geographies with market-leading engineering know-how that combines innovation, reliability and unbeatable performance. Sparck Technologies is owned by private equity firm Standard Investment – a business with a turnover of more than 1 billion Euros. www.sparcktechnologies.com

About Standard Investment

Amsterdam-founded Standard Investment is a North-Western Europe-focused investment firm with offices in Amsterdam, Brussels and Stockholm, dedicated to “hands-on” investment in the mid-market. Founded in 2004, the firm operates with a philosophy of direct involvement with the companies in which it participates. Standard Investment has, among others, participations in Riedel, Synres, Aweta, The Future Group and Burger King Netherlands. With a team of over 20 professionals, it manages a portfolio of 18 companies, spread over 4 countries with over 4,500 employees and a cumulative turnover above €1 billion.


Haley Hartmann


 Dallas-based firm with pedigree in partnership sales and strategy for sports and entertainment properties formally expanding expertise to include Consulting Services division that focuses on winning business for clients

DALLAS–(BUSINESS WIRE)–Connect Partnership Group, a Dallas-based sports and entertainment agency founded in 2015 by industry veterans Ben Cahalane and Danielle Shuff, is rebranding for the first time in company history to reflect the company’s massive growth in consultancy areas beyond its formidable Partnership Sales and Strategy division.

Connect, which bolsters a client roster that has included Fortune 500 companies and world-class sports and entertainment properties, is formalizing a Consulting Services division that is responsible for helping new and existing clients win business and grow in the competitive ecosystem of sports, entertainment and large public venues. The agency recently promoted longtime sales executive, Al Connor, as Executive Vice President to lead the division.

Unlike most traditional brand consulting agencies in sports and entertainment, Connect’s Consulting Services division, with more than 120 combined years of experience and relationship building, acts as an outsourced sales team to directly generate revenue on behalf of its mostly B2B client roster. The agency’s industry experience is broad, running deepest in tech as a result of working with some of the world’s largest technology companies.

Connect’s rebrand initiative is led by Channing Butler, Vice President of Sales and Strategy. As part of the rebrand, Connect has introduced a new logo and launched a new corporate website, ConnectWins.com. The website serves as a portal for the discovery of the agency’s expanded capabilities and leadership team.

“Connect has evolved tremendously over the last six and a half years, and we felt there was no better time to reaffirm our commitment to winning business for our clients while staying true to our purpose,” said Butler. “Our new identity reinforces our dedication to delivering results while celebrating the victories we have achieved to date with the exceptional team of professionals that make our success possible. In everything we do, we believe that together we can create more.”

Shuff, co-Founder, added: “Developing strategic and revenue-driving sponsorship sales programs will always be our bread and butter, but we have recognized, and so have our clients, that our network of relationships and our team’s expertise and sales acumen can help our Consulting clients directly drive revenue to impact top line growth. Simply put, we find new opportunities and accelerate the sales cycle, which leads to more wins. And, those results are very much in high demand.”

An indicator of success, Connect has reeled in many recent new business wins. The company was retained to provide consulting services to CommScope, a global leader in network connectivity, providing industry-leading solutions across DAS, Wi-Fi and Cabling to nearly 300 venues around the world. In addition, Connect is representing American Tower, a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 214,000 communications sites in 24 countries. And Zelus, a strategic consultancy at the intersection of creativity and technology focusing on Rights Management, IP Development, Capital Investments and Digital Assets, brought on Connect in August. Specific to NFTs, Zelus provides in-house design, development and minting paired with premium launches, token transfer and community cultivation.

Beyond that, the agency’s Partnership Sales & Strategy division was retained to represent Hudson Yards Experiences including Edge, New York City’s hottest new attraction and the highest outdoor sky deck in the Western Hemisphere.

For more information about Connect Partnership Group or to contact directly, visit ConnectWins.com.

About Connect Partnership Group

Connect Partnership Group is a strategic sales and consultancy agency that specializes in representing and selling sponsorships, naming rights and other media assets in sports and entertainment, while also providing an outsourced business development team to companies that sell products and services to the industry. Based in Dallas, Tex., Connect capitalizes on a combined 120 years of sports business experience selling and activating sponsorships, operating events, consulting on behalf of Fortune 500 companies, and creating strategic and mutually beneficial partnership opportunities for properties and brands around the world.


Channing Butler


MINNEAPOLIS–(BUSINESS WIRE)–Ameriprise Financial Inc. (NYSE: AMP) today announced that 34 Ameriprise financial advisors were named to the Forbes “Top Next-Gen Wealth Advisors” list. Each year, Forbes publishes the list recognizing the top advisors under 40 years of age across the country based on several factors including success in the business, compliance records, assets under management and high levels of ethical standards.

“Congratulations to the talented advisors on this list who represent the next generation of leaders in the wealth management industry,” said Bill Williams, Executive Vice President of the firm’s independent advisor channel. “We are proud of their accomplishments and everything they’re doing to help clients achieve their goals for the future.”

“We applaud our advisors who are being recognized as a top next-gen wealth advisor,” said Pat O’Connell, Executive Vice President of the firm’s employee advisor and financial institutions channels. “Ameriprise is an exciting destination for advisors looking to build rewarding and meaningful careers. We offer a full range of support, technology, products and leadership to help grow their practices and provide an outstanding client experience. We congratulate the advisors who’ve made this list for consistently taking advantage of all the firm has to offer drive their success.”

The full list of Forbes Best-in-State Wealth Advisors can be found here.

About Ameriprise Financial

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.

Visit forbes.com for additional information about Forbes.

Source: Forbes, “Top Next-Gen Wealth Advisors” Sept. 21, 2021.

Forbes/SHOOK Research listings are based on data compiled by many of the nation’s most productive advisors, selected by their firms, which is then submitted to and judged by SHOOK Research. Key factors and criteria include: assets under management, revenue produced for the firm, regulatory and compliance record, and credentials/years of professional experience. Selection of winners is done by comparing advisors at a national level, selecting winners, and then sorting them into state-specific lists. A separate evaluation is not done for each state. Portfolio performance is not a factor. This award is not indicative of this advisor’s future performance. Neither Forbes nor SHOOK Research receives compensation in exchange for placement on the ranking.

Ameriprise Financial Services, LLC., Member FINRA and SIPC

© 2021 Ameriprise Financial, LLC. All rights reserved.


Alison Mueller, Sr. PR Director

(612) 678-7183

LIVERMORE, Calif.–(BUSINESS WIRE)–McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its third quarter ending September 30, 2021, after the close of regular market trading on Thursday, October 28, 2021.

McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. There will also be a live Q&A session. The conference call may be accessed by dialing 1-844-707-0666 (international callers dial 1-703-639-1220), or by listening to the simultaneous webcast on https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-855-859-2056 (international callers dial 1-404-537-3406). The passcode for conference call replay is 5485029. In addition, a live audio webcast and replay of the call may be found in the investor relations section of the Company’s website at https://investors.mgrc.com/events-and-presentations.


Founded in 1979, McGrath RentCorp (Nasdaq: MGRC) is a diversified business-to-business rental company providing modular buildings, electronic test equipment, portable storage and tank containment solutions across the United States and other select North American regions. The Company’s rental operations consist of four divisions: Mobile Modular rents and sells modular buildings to fulfill customers’ temporary and permanent classroom and office space needs; TRS-RenTelco rents and sells electronic test equipment; Adler Tank Rentals rents and sells containment solutions for hazardous and nonhazardous liquids and solids; and Mobile Modular Portable Storage provides portable storage rental solutions. For more information on McGrath RentCorp and its operating units, please visit our websites:

Corporate – www.mgrc.com
Modular Buildings – www.mobilemodular.com
Electronic Test Equipment – www.trsrentelco.com
Tanks and Boxes – www.adlertankrentals.com
Portable Storage – www.mobilemodularcontainers.com
School Facilities Manufacturing – www.enviroplex.com


Keith E. Pratt

EVP & Chief Financial Officer


SACRAMENTO, Calif.–(BUSINESS WIRE)–#ApartmentThe Mogharebi Group, (“TMG”) has completed the sale of Continental Terrace in Sacramento, a 141-unit community, located at 6921 Lewiston Way. The property sold with multiple offers for $13,500,000. The buyer was a private investment group out of the Los Angeles area.

“Due to the competitive institutional inventory in the Sacramento Market area, and lower rents than the competition, Continental Terrace was a quick sale,” says Robin Kane, Senior Vice President of TMG. “It was our proprietary 1031 exchange platform, of private high net-worth and exchange buyers, that ultimately procured a private investor who was in a 1031 Exchange and purchased the property as his up-leg,” Mr. Kane concluded. “The property offered an opportunity to enhance yield in the near term delivering the buyer maximum value.”

Built in 1973 / 1979, Continental Terrace Apartments is a two story, 141-unit apartment community that is located on Lewiston Way in Sacramento, CA. The property comprises 7 residential and 1 common area buildings totaling 77,100 rentable square feet. The complex is situated on a 5.14-acre site with 205 surface parking spaces. The apartment homes feature spacious studio and one-bedroom floor plans. The property boasts a swimming pool, clubhouse, outdoor picnic area, controlled access community, and laundry facilities.

About The Mogharebi Group (TMG): The Mogharebi Group is a brokerage firm specializing in the multifamily property sector throughout California. With unparalleled local knowledge, an extensive global network of top real estate investors, state-of-the-art technology, and direct access to capital, The Mogharebi Group is the best choice to meet the needs of major private investors and investment funds.

For more information visit: Mogharebi.com


The Mogharebi Group

Robin Kane | 559.761.0020

Senior Vice President


Brendan Kane | 559.892.0036

Vice President


SAN FRANCISCO–(BUSINESS WIRE)–The Wells Fargo Utilities and High Income Fund (NYSE American: ERH) released information about the sources of today’s distribution in a Notice provided to shareholders. The full text of the Notice is available below and on the Wells Fargo Asset Management website.


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 9/30/2021
Current MonthFiscal Year to DateCurrent Month
Estimated Sources of DistributionEstimated Sources of DistributionEstimated Percentages of Distribution

Per Share



LT Gains

ST Gains

Paid in


Per Share



LT Gains

ST Gains

Paid in



LT Gains

ST Gains

Paid in


ERH (FYE 8/31)















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 8/31/2021








Fiscal YTD

Fiscal YTD

Fiscal YTD

Fiscal YTD Dist


Return on


Dist Rate
on NAV1

Return on


Dist Rate

on NAV1

ERH (FYE 8/31)







1 As a percentage of 8/31 NAV

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 7.0%, 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.

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. Shares of the fund may trade at either a premium or discount relative to the fund’s net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by the fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. The fund is also subject to risks associated with any concentration of its investments in the utility sector. 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. The fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future. 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. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. 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.

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, LLC 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.





Jeanette Foster, 415-264-1323


Shareholder inquiries

Financial advisor inquiries

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–#aurora–Following its recent Aurora Illuminated Investor & Analyst Days, the self-driving company Aurora continues to share more about its cutting-edge technology and business model as Aurora executives speak at events throughout the country. The companywhich announced earlier this summer its plans to merge with the special purpose acquisition company (SPAC) Reinvent Technology Partners Y (NASDAQ: RTPY) – expects to be listed on Nasdaq with the ticker symbol AUR before the end of the year.

Reddit AMA with Chris Urmson and Reid Hoffman

On Monday, October 4 at 3:00pm PST, Chris Urmson, CEO and co-founder of Aurora, and Reid Hoffman, co-founder of LinkedIn and Aurora investor and board member, will virtually answer questions about developing, deploying, and commercializing self-driving technology for both trucks and passenger cars. This will be hosted on the /r/IAmA subreddit.

VP of Government Relations speaks at MOVE mobility conference

This week, Aurora’s Vice President of Government Relations, Gerardo Interiano, spoke at the MOVE America Conference, a leading mobility event held in Austin, Texas. He was interviewed by Reuters reporter, Joe White, about how the industry works with the government toward making driverless vehicles a safe, reliable, and accessible reality. The two discussed Aurora’s approach to safety, the relationship with best-in-class partners, and the company’s path to market.

VP of Safety lays out Aurora Safety Playbook at Governor’s Highway Safety Association (GHSA) 2021 Annual Meeting

Aurora’s Vice President of Safety, Nat Beuse, addressed influential road safety representatives including State Highway Safety Office directors, federal highway safety professionals, private sector highway safety partners, and law enforcement professionals at the GHSA 2021 Annual Meeting in Denver, Colorado.

He laid out Aurora’s Safety Playbook, including their industry-leading Safety Case Framework, their Safety Management System, and their Safety Advisory Board. He also shared Aurora’s efforts to transparently work with regulators, legislators, and the public by engaging with stakeholders at federal, state, and local levels of government and by joining automated vehicle safety coalitions like the Automated Vehicle Safety Consortium and Partners for Automated Vehicle Education.

Nat Beuse also spoke in an ITS America webinar titled “Reimagining America’s Transportation System and Outcomes through Automated Vehicle Technology.” Nat and the panel of experts addressed the ways that states, cities, AV developers, and infrastructure leaders are incorporating AV-forward policies into regulation, vehicle design, deployment, and infrastructure.

About Aurora

Founded in 2017 by experts in the self-driving industry, Aurora is on a mission to deliver the benefits of self-driving technology safely, quickly, and broadly. To move both people and goods, the company is building the Aurora Driver, a platform that brings together software, hardware and data services to autonomously operate passenger vehicles, light commercial vehicles, and heavy-duty trucks. Aurora is backed by Sequoia Capital, Baillie Gifford, funds and accounts advised by T. Rowe Price Associates, among others, and is partnered with industry leaders including Toyota, Uber, Volvo, and PACCAR. Aurora tests its vehicles in the Bay Area, Pittsburgh, and Dallas. The company has offices in those areas as well as in Bozeman, MT; Seattle, WA; Louisville, CO; and Wixom, MI. To learn more, visit www.aurora.tech.

Aurora Fact Sheet

Aurora Press Kit

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Reinvent Technology Partners Y (“RTPY”) and Aurora Innovation, Inc. (“Aurora”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “continue,” “likely,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may adversely affect the price of RTPY’s securities, (ii) the risk that the proposed transaction may not be completed by RTPY’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by RTPY, (iii) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the Agreement and Plan of Merger, dated as of July 14, 2021 (the “Merger Agreement”), by and among RTPY, Aurora and RTPY Merger Sub Inc., a Delaware corporation and a direct wholly owned subsidiary of RTPY, by the shareholders of RTPY, the satisfaction of the minimum cash condition following redemptions by RTPY’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the inability to complete the PIPE investment in connection with the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the proposed transaction on Aurora’s business relationships, operating results and business generally, (vii) risks that the proposed transaction disrupts current plans and operations of Aurora and potential difficulties in Aurora employee retention as a result of the proposed transaction, (viii) the outcome of any legal proceedings or other disputes that may be instituted against Aurora or against RTPY related to the Merger Agreement or the proposed transaction or otherwise, (ix) the ability to maintain the listing of RTPY’s securities on a national securities exchange, (x) the price of RTPY’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which RTPY plans to operate or Aurora operates, variations in operating performance across competitors, changes in laws and regulations affecting RTPY’s or Aurora’s business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xii) the risk of downturns and a changing regulatory landscape in the highly competitive self-driving industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of RTPY’s registration statement on Form S-1 (File No. 333-253075), its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 2021, respectively, the registration statement on Form S-4 discussed below and other documents filed by RTPY from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and RTPY and Aurora assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither RTPY nor Aurora gives any assurance that either RTPY or Aurora or the combined company will achieve its expectations.

Additional Information and Where to Find It

This press release and the Reddit AMA relates to a proposed transaction between RTPY and Aurora. Neither this press release nor the Reddit AMA is not a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. RTPY has filed a registration statement on Form S-4 with the SEC (333-257912), which includes a preliminary prospectus and proxy statement of RTPY, referred to as a proxy statement/prospectus. A final proxy statement/prospectus will be sent to all RTPY shareholders. RTPY also will file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and security holders of RTPY are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by RTPY through the website maintained by the SEC at www.sec.gov. The documents filed by RTPY with the SEC also may be obtained free of charge at RTPY’s website at https://y.reinventtechnologypartners.com or upon written request to c/o Reinvent Capital, 215 Park Avenue, Floor 11 New York, NY.

Participants in Solicitation

RTPY and Aurora and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from RTPY’s shareholders in connection with the proposed transaction. A list of the names of the directors and executive officers of RTPY and Aurora and information regarding their interests in the proposed transaction are set forth in the proxy statement/prospectus. You may obtain free copies of these documents as described in the preceding paragraph.


Khobi Brooklyn

(415) 699-3657

Get our e-letters packed with news and intelligence!