AllianceBernstein Global High Income Fund, Inc. Reports Second Quarter Earnings

Rhea-AI Summary

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) reported total net assets of $1,047,933,220 as of September 30, 2020, an increase from $1,013,148,125 on June 30, 2020, but a decline from $1,135,169,486 year-over-year. The net asset value per share rose to $12.15, up from $11.75 in the prior quarter but down from $13.16 year-over-year. Total net investment income for Q2 was $13,182,392 or $0.15 per share, while total net realized and unrealized gains reached $38,546,836 or $0.45 per share.

Positive

• Increase in total net assets from $1,013,148,125 to $1,047,933,220 quarter-over-quarter.
• Higher net asset value per share at $12.15 compared to $11.75 in the previous quarter.
• Total net investment income of $13,182,392 shows stability at $0.15 per share.
• Significant total net realized and unrealized gains of $38,546,836 representing $0.45 per share.

Negative

• Total net assets decreased from $1,135,169,486 year-over-year.
• Net asset value per share declined from $13.16 a year ago.
• Total net investment income decreased from $14,170,249 year-over-year.
• Total net realized and unrealized gains fell sharply from $91,212,323 in the previous quarter.

NEW YORK, Nov. 27, 2020 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed‑end investment company, today announced earnings for the second quarter ended September 30, 2020.

Total net assets of the Fund on September 30, 2020 were $1,047,933,220 as compared with $1,013,148,125 on June 30, 2020 and $1,135,169,486 on September 30, 2019. On September 30, 2020, the net asset value per share was $12.15 based on 86,229,677 shares of common stock outstanding.

	September 30, 2020	June 30, 2020	September 30, 2019
Total Net Assets	$1,047,933,220	$1,013,148,125	$1,135,169,486
NAV Per Share	$12.15	$11.75	$13.16
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period July 1, 2020 through September 30, 2020, total net investment income was $13,182,392 or $0.15 per share. The total net realized and unrealized gain was $38,546,836 or $0.45 per share for the same period.

	Second Quarter       Ended September 30, 2020	First Quarter       Ended June 30, 2020	Second Quarter       Ended September 30, 2019
Total Net Investment Income	$13,182,392	$12,695,526	$14,170,249
Per Share	$0.15	$0.15	$0.16
Total Net Realized/Unrealized Gain/(Loss)	$38,546,836	$91,212,323	$2,157,697
Per Share	$0.45	$1.06	$0.03

AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P.                                                                              

View original content:http://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-reports-second-quarter-earnings-301181226.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What are the total net assets of AllianceBernstein Global High Income Fund (AWF) as of September 30, 2020?

The total net assets were $1,047,933,220 as of September 30, 2020.

What was the net asset value per share for AWF on September 30, 2020?

The net asset value per share was $12.15 on September 30, 2020.

How much was the total net investment income for AWF in Q2 2020?

The total net investment income for Q2 2020 was $13,182,392, or $0.15 per share.

What total net gains did AWF report for the second quarter of 2020?

AWF reported total net realized and unrealized gains of $38,546,836, or $0.45 per share for the second quarter of 2020.

How do AWF's Q2 earnings compare to the previous year?

Total net investment income decreased from $14,170,249 in Q2 2019 to $13,182,392 in Q2 2020.