ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS FIRST QUARTER EARNINGS

Rhea-AI Summary

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) reported its first-quarter earnings for the period ending June 30, 2022. Total net assets decreased significantly to $903,758,607 compared to $1,036,685,870 at the end of March 2022 and $1,128,170,999 a year prior. The net asset value per share fell to $10.48. For the quarter, net investment income was $14,144,937 or $0.16 per share, while there was a substantial net realized and unrealized loss totaling $(130,128,069) or $(1.51) per share.

Positive

• Total net investment income of $14,144,937 (or $0.16 per share) for Q1.

Negative

• Total net assets decreased to $903,758,607 from $1,036,685,870 in Q4 2022.
• Net asset value per share dropped to $10.48 from $12.02 in Q4 2022.
• Reported a net realized and unrealized loss of $(130,128,069) or $(1.51) per share.

NEW YORK, Aug. 26, 2022 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed‑end investment company, today announced earnings for the first quarter ended June 30, 2022.

Total net assets of the Fund on June 30, 2022 were $903,758,607 as compared with $1,036,685,870 on  March 31, 2022 and $1,128,170,999 on June 30, 2021. On June 30, 2022, the net asset value per share was $10.48 based on 86,229,677 shares of common stock outstanding.

	June 30, 2022	March 31, 2022	June 30, 2021
Total Net Assets	$903,758,607	$1,036,685,870	$1,128,170,999
NAV Per Share	$10.48	$12.02	$13.08
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period April 1, 2022 through June 30, 2022, total net investment income was $14,144,937 or $0.16 per share. The total net realized and unrealized loss was $(130,128,069) or $(1.51) per share for the same period.

	First Quarter       Ended June 30, 2022	Fourth Quarter       Ended March 31, 2022	First Quarter       Ended June 30, 2021
Total Net Investment   Income	$14,144,937	$15,242,349	$12,600,304
Per Share	$0.16	$0.18	$0.15
Total Net Realized/   Unrealized Loss	$(130,128,069)	$(68,969,183)	$30,242,167
Per Share	$(1.51)	$(0.80)	$0.35

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

 

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc--reports-first-quarter-earnings-301613170.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What was the total net investment income reported by AWF for the first quarter ended June 30, 2022?

The total net investment income reported by AWF for the first quarter ended June 30, 2022, was $14,144,937, or $0.16 per share.

How did AWF's net assets change from March 31, 2022, to June 30, 2022?

AWF's total net assets decreased significantly from $1,036,685,870 on March 31, 2022, to $903,758,607 on June 30, 2022.

What was the net asset value per share of AWF as of June 30, 2022?

The net asset value per share of AWF as of June 30, 2022, was $10.48.

What were AWF's net realized and unrealized losses for the first quarter of 2022?

AWF reported a total net realized and unrealized loss of $(130,128,069), which equates to $(1.51) per share for the first quarter of 2022.