The New America High Income Fund, Inc. Declares Dividend

Rhea-AI Summary

BOSTON, April 01, 2021 (GLOBE NEWSWIRE) -- New America High Income Fund (NYSE: HYB) declared a dividend of $0.05 per share, set for payment on April 30, 2021, to shareholders on record as of April 16, 2021. The ex-dividend date is April 15, 2021. The Fund, managed by T. Rowe Price Associates, Inc., operates as a diversified, closed-end investment company with a leveraged capital structure, holding approximately $22 billion in high yield investments.

Positive

• Dividend of $0.05 per share demonstrates commitment to shareholder income.
• Managed by T. Rowe Price, a reputable advisor with $1.5 trillion in assets.

Negative

• Leveraged capital structure may pose financial risks if market conditions decline.
• -

BOSTON, April 01, 2021 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.05 per share on the company’s common stock on April 30, 2021 to common shareholders of record as of the close of business on April 16, 2021. The ex-dividend date will be April 15th.

The Fund has released updated portfolio data which can be found on the Fund’s website at www.newamerica-hyb.com.

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of December 31, 2020, T. Rowe Price and its affiliates managed approximately $1.5 trillion of assets, including approximately $22 billion of “high yield” investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

Contact:
Ellen E. Terry, President
Telephone: 617-263-6400
www.newamerica-hyb.com

FAQ

What is the dividend amount for New America High Income Fund (HYB)?

The dividend amount is $0.05 per share.

When will the dividend for HYB be paid?

The dividend will be paid on April 30, 2021.

What is the ex-dividend date for HYB?

The ex-dividend date is April 15, 2021.

Who manages the New America High Income Fund?

The Fund is managed by T. Rowe Price Associates, Inc.

What type of investment strategy does the New America High Income Fund follow?

The Fund operates as a diversified, closed-end management investment company.