The New America High Income Fund, Inc. Update on Timing of Reorganization
The New America High Income Fund (NYSE: HYB) has announced an update regarding its planned reorganization into the T. Rowe Price High Yield Fund. The merger is expected to finalize before market opening on March 31, 2025. Upon completion of the reorganization, existing HYB shareholders will receive Investor Class shares of the T. Rowe Price Fund. The closing remains subject to customary closing conditions.
Il New America High Income Fund (NYSE: HYB) ha annunciato un aggiornamento riguardo alla sua pianificata riorganizzazione nel T. Rowe Price High Yield Fund. La fusione dovrebbe concludersi prima dell'apertura del mercato il 31 marzo 2025. Al termine della riorganizzazione, gli attuali azionisti di HYB riceveranno azioni di Classe Investitore del T. Rowe Price Fund. La chiusura rimane soggetta a condizioni di chiusura consuete.
El New America High Income Fund (NYSE: HYB) ha anunciado una actualización sobre su reestructuración planificada en el T. Rowe Price High Yield Fund. Se espera que la fusión finalice antes de la apertura del mercado el 31 de marzo de 2025. Al completar la reestructuración, los accionistas actuales de HYB recibirán acciones de Clase Inversor del T. Rowe Price Fund. El cierre sigue sujeto a las condiciones de cierre habituales.
뉴 아메리카 하이 인컴 펀드 (NYSE: HYB)가 T. 로우 프라이스 하이 일드 펀드로의 계획된 재편성에 대한 업데이트를 발표했습니다. 합병은 2025년 3월 31일 시장 개장 전에 완료될 것으로 예상됩니다. 재편성이 완료되면 기존 HYB 주주들은 T. 로우 프라이스 펀드의 투자자 클래스 주식을 받게 됩니다. 종료는 일반적인 종료 조건에 따라 달라질 수 있습니다.
Le New America High Income Fund (NYSE: HYB) a annoncé une mise à jour concernant sa réorganisation prévue en T. Rowe Price High Yield Fund. La fusion devrait se finaliser avant l'ouverture du marché le 31 mars 2025. Une fois la réorganisation terminée, les actionnaires existants de HYB recevront des actions de Classe Investisseur du T. Rowe Price Fund. La clôture reste soumise aux conditions de clôture habituelles.
Der New America High Income Fund (NYSE: HYB) hat ein Update zu seiner geplanten Umstrukturierung in den T. Rowe Price High Yield Fund bekannt gegeben. Die Fusion soll vor Markteröffnung am 31. März 2025 abgeschlossen sein. Nach Abschluss der Umstrukturierung erhalten die bestehenden HYB-Aktionäre Anteile der Investor-Klasse des T. Rowe Price Fund. Der Abschluss unterliegt den üblichen Abschlussbedingungen.
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BOSTON, March 12, 2025 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that the reorganization of the Fund into the T. Rowe Price High Yield Fund (the “T. Rowe Price Fund”), a separate series of the T. Rowe Price High Yield Fund, Inc. (the “Reorganization”), is now expected to close immediately before the opening of business of the New York Stock Exchange on Monday, March 31, 2025 (the “Closing Date”), subject to satisfaction of customary closing conditions. Upon the closing of the Reorganization, shareholders of the Fund will become holders of Investor Class shares of the T. Rowe Price Fund.
About the Fund
The New America High Income Fund, Inc. is a diversified, closed-end management investment company. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of January 31, 2025, T. Rowe Price and its affiliates managed approximately
This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Fund or the T. Rowe Price Fund. Additional information about the Fund and the T. Rowe Price Fund, including performance and portfolio characteristic information, is available at www.newamerica-hyb.com or www.troweprice.com, respectively.
Statements in this press release that are not historical facts may be forward-looking statements, as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.
Contact:
Ellen E. Terry, President
Telephone: 617-263-6400
www.newamerica-hyb.com
FAQ
When will The New America High Income Fund (HYB) complete its reorganization with T. Rowe Price High Yield Fund?
What shares will HYB stockholders receive in the T. Rowe Price reorganization?
Will HYB continue trading on NYSE after the T. Rowe Price merger?
What conditions need to be met for the HYB reorganization to close?
