The New America High Income Fund will distribute $.04 per share on December 31, 2024, to shareholders of record.
Quiver AI Summary
The New America High Income Fund, Inc. (NYSE: HYB) has announced a distribution of $0.04 per share on its common stock, payable on December 31, 2024, to shareholders on record as of December 17, 2024. The ex-dividend date is set for December 17. The Fund has also updated its portfolio data, available on its website. Managed by T. Rowe Price Associates, Inc., the Fund is a diversified, closed-end investment company that employs a leveraged capital structure. As of September 30, 2024, T. Rowe Price manages about $1.6 trillion in assets, including approximately $20 billion in high-yield investments.
Potential Positives
- The New America High Income Fund announced a distribution payment of $0.04 per share, signaling ongoing returns to shareholders and commitment to income generation.
- The announcement includes a clear timeline for the distribution, enhancing transparency and allowing shareholders to plan accordingly.
- The involvement of T. Rowe Price, a prominent investment adviser with significant assets under management, adds credibility and expertise to the Fund's investment management.
Potential Negatives
- The announcement of a distribution of only $.04 per share may indicate insufficient returns for investors, which could negatively impact investor sentiment and confidence in the Fund.
- The reliance on a leveraged capital structure could raise concerns about the Fund's financial health and its ability to manage debt in a potentially rising interest rate environment.
- Providing updated portfolio data but not disclosing specific performance metrics or risks associated with the current holdings could lead to uncertainty and skepticism among investors.
FAQ
What is the distribution amount for New America High Income Fund in December 2024?
The distribution amount for New America High Income Fund is $0.04 per share on December 31, 2024.
When is the ex-dividend date for New America High Income Fund?
The ex-dividend date is December 17, 2024.
Who manages the New America High Income Fund?
The New America High Income Fund is managed by T. Rowe Price Associates, Inc.
How can I find the latest portfolio data for the Fund?
The latest portfolio data can be found on the Fund’s website at www.newamerica-hyb.com.
When is the record date for shareholders to receive the distribution?
The record date for shareholders to receive the distribution is December 17, 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HYB Hedge Fund Activity
We have seen 25 institutional investors add shares of $HYB stock to their portfolio, and 31 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOSTON, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a distribution of $.04 per share on the company’s common stock on December 31, 2024 to common shareholders of record as of the close of business on December 17, 2024. The ex-dividend date will be December 17th.
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 September 30, 2024, T. Rowe Price and its affiliates managed approximately $1.6 trillion of assets, including approximately $20 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
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