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

Rhea-AI Summary

AllianceBernstein Global High Income Fund, Inc. (AWF) reported earnings for Q3 2020, showing total net assets of $1,120,473,231 as of December 31, 2020, up from $1,047,933,220 on September 30, 2020.

The net asset value per share rose to $12.99 with 86,229,677 shares outstanding. Total net investment income was $11,900,996 or $0.14 per share, while the total net realized and unrealized gain reached $77,583,147 or $0.90 per share.

Positive

• Total net assets increased to $1,120,473,231 from $1,047,933,220 in the previous quarter.
• Net asset value per share rose to $12.99, indicating strong asset value growth.
• Total net realized and unrealized gains of $77,583,147 reflect effective investment strategies.

Negative

• Total net investment income decreased from $13,182,392 in Q2 to $11,900,996 in Q3.
• Net investment income per share fell from $0.15 to $0.14, indicating a decline in income generation.

NEW YORK, Feb. 26, 2021 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed–end investment company, today announced earnings for the third quarter ended December 31, 2020.

Total net assets of the Fund on December 31, 2020 were $1,120,473,231 as compared with 1,047,933,220 on September 30, 2020 and $1,153,599,298 on December 31, 2019. On December 31, 2020, the net asset value per share was $12.99 based on 86,229,677 shares of common stock outstanding.

	December 31, 2020	September 30, 2020	December 31, 2019
Total Net Assets	$1,120,473,231	$1,047,933,220	$1,153,599,298
NAV Per Share	$12.99	$12.15	$13.38
Shares Outstanding	86,229,677	86,229,677	86,229,677

 

For the period October 1, 2020 through December 31, 2020, total net investment income was $11,900,996 or $0.14 per share. The total net realized and unrealized gain was $77,583,147 or $0.90 per share for the same period.

	Third Quarter       Ended December 31, 2020	Second Quarter       Ended September 30, 2020	Third Quarter       Ended December 31, 2019
Total Net Investment   Income	$11,900,996	$13,182,392	$15,702,367
Per Share	$0.14	$0.15	$0.18
Total Net Realized/   Unrealized Gain/(Loss)	$77,583,147	$38,546,836	$19,671,577
Per Share	$0.90	$0.45	$0.23

 

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-third-quarter-earnings-301236704.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What were the earnings results for AWF in Q3 2020?

AWF reported total net investment income of $11,900,996 or $0.14 per share for Q3 2020.

What is the net asset value per share for AWF as of December 31, 2020?

The net asset value per share for AWF was $12.99 as of December 31, 2020.

How much did AWF's total net assets increase by in Q3 2020?

AWF's total net assets increased by $72,540,011 from $1,047,933,220 on September 30, 2020.

What was the total net realized and unrealized gain for AWF in Q3 2020?

AWF reported a total net realized and unrealized gain of $77,583,147 for Q3 2020.