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

Rhea-AI Summary

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) reported its second-quarter earnings for the period ending September 30, 2022. The total net assets decreased to $872,213,880 from $903,758,607 in the prior quarter and $1,119,559,569 a year ago. The net asset value per share fell to $10.12. For the same period, total net investment income was $14,430,202 ($0.17 per share), while total net realized and unrealized losses amounted to $(29,030,797) ($(0.33) per share).

Positive

• Total net investment income increased to $14,430,202, compared to $14,144,937 in the previous quarter.

Negative

• Total net assets dropped from $903,758,607 to $872,213,880 over the quarter.
• Net asset value per share fell from $10.48 to $10.12.
• Total net realized and unrealized loss of $(29,030,797) represents a significant decline.

NEW YORK, Nov. 25, 2022 /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, 2022.

Total net assets of the Fund on September 30, 2022 were $872,213,880 as compared with $903,758,607 on  June 30, 2022 and $1,119,559,569 on September 30, 2021. On September 30, 2022, the net asset value per share was $10.12 based on 86,229,677 shares of common stock outstanding.

	September 30, 2022	June 30, 2022	September 30, 2021
Total Net Assets	$872,213,880	$903,758,607	$1,119,559,569
NAV Per Share	$10.12	$10.48	$12.98
Shares Outstanding	86,229,677	86,229,677	86,229,677

 

For the period July 1, 2022 through September 30, 2022, total net investment income was $14,430,202 or $0.17 per share. The total net realized and unrealized loss was $(29,030,797) or $(0.33) per share for the same period.

	Second Quarter       Ended September 30, 2022	First Quarter       Ended June 30, 2022	Second Quarter       Ended September 30, 2021
Total Net Investment	$14,430,202	$14,144,937	$14,120,459
Income
Per Share	$0.17	$0.16	$0.16
Total Net Realized/	$(29,030,797)	$(130,128,069)	$(5,787,757)
Unrealized Loss
Per Share	$(0.33)	$(1.51)	$(0.07)

 

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-second-quarter-earnings-301687313.html

SOURCE AB Global High Income Fund, Inc.

FAQ

What were the earnings of AWF for the second quarter ended September 30, 2022?

AllianceBernstein Global High Income Fund reported earnings of $14,430,202 or $0.17 per share for the second quarter.

What is the net asset value (NAV) per share of AWF as of September 30, 2022?

The net asset value per share of AWF was $10.12 as of September 30, 2022.

How did the total net assets of AWF change from June 30, 2022, to September 30, 2022?

Total net assets decreased from $903,758,607 on June 30, 2022, to $872,213,880 on September 30, 2022.

What were the realized and unrealized losses for AWF in the second quarter of 2022?

AWF reported a total net realized and unrealized loss of $(29,030,797) for the second quarter.