ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. SPECIAL DISTRIBUTION

Rhea-AI Summary

AllianceBernstein Global High Income Fund (NYSE: AWF) has announced a one-time special income distribution of $0.0156 per share of Common Stock. The distribution will be payable on January 17, 2025, to stockholders of record as of December 19, 2024, with the ex-date set for December 19, 2024. This special distribution is intended to help the Fund comply with the Internal Revenue Code's minimum distribution requirements for the current year and will be considered received by shareholders in 2024 for federal income tax purposes.

Positive

• Special distribution of $0.0156 per share announced

Negative

• None.

Insights

Financial Analyst

This special distribution announcement from AllianceBernstein Global High Income Fund represents a relatively minor financial event. The $0.0156 per share special distribution is notably small compared to the fund's regular distributions and appears to be primarily for tax compliance purposes. This type of year-end special distribution is common among closed-end funds to meet IRS requirements for minimum distributions. While any additional distribution is technically positive for shareholders, the minimal amount suggests this is more of an administrative action than a significant value creation event. The timing of the distribution, with the ex-date and record date both falling on December 19, 2024, ensures shareholders will receive the tax treatment in the 2024 tax year, though the actual payment occurs in January 2025.

NEW YORK, Dec. 6, 2024 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a closed‑end management investment company, declared on this date, December 6, 2024, a one-time special income distribution of $0.0156 per share of Common Stock. The total distribution of $0.0156 is payable on January 17, 2025 to stockholders of record at the close of business on December 19, 2024. Ex‑date will be December 19, 2024.

The distribution, which is deemed to be received by shareholders in 2024 for federal income tax purposes, represents a one-time special income distribution of $0.0156 so as to enable the Fund to comply with the Internal Revenue Code's minimum distribution requirements for the current year.

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-special-distribution-302325252.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What is the amount of AWF's special distribution announced on December 6, 2024?

AllianceBernstein Global High Income Fund (AWF) announced a special distribution of $0.0156 per share.

When is the payment date for AWF's special distribution announced in December 2024?

The special distribution will be paid on January 17, 2025.

What is the record date for AWF's special distribution?

The record date is December 19, 2024, which is also the ex-date.

Why is AWF making this special distribution?

The special distribution is being made to comply with the Internal Revenue Code's minimum distribution requirements for the current year.