HYB
New America High Income Fund, Inc.HYB
HYB
Delisted
HYB was delisted on the 11th of February, 2025.
About: New America High Income Fund Inc is a diversified, closed-end management investment company. Its investment objective is to provide high current income while seeking to preserve stockholder capital by investing in a diversified portfolio of high-yield fixed-income securities. The Fund has a leveraged capital structure. The fund invests in fixed-maturity corporate debt securities that are rated less than the investment grade. Its portfolio of investment consists of investments in different sectors such as energy, financial, cable operators, healthcare, and others.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
The New America High Income Fund, Inc. Declares Special Dividend
BOSTON, March 21, 2025 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a special dividend of $.06 per share on the company's common stock on March 27, 2025 to common shareholders of record as of the close of business on March 14, 2025. The ex-dividend date will be March 24th.
Neutral
GlobeNewsWire
2 months ago
The New America High Income Fund, Inc. Update on Timing of Reorganization
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.
Neutral
GlobeNewsWire
2 months ago
The New America High Income Fund, Inc. Update on Timing of Reorganization
BOSTON, Feb. 21, 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”), initially expected to close following the close of business of the New York Stock Exchange on Friday, February 21, 2025, is now expected to close on a mutually agreed upon date in writing by the parties, 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.
Neutral
GlobeNewsWire
4 months ago
The New America High Income Fund, Inc. Declares Distribution and Announces That Its Shares Will Cease Trading February 11 Prior to Reorganization
BOSTON, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a distribution of $0.04 per share on the company's common stock on January 31, 2025 to common shareholders of record as of the close of business on January 17, 2025. The ex-dividend date will be January 17th.
Neutral
Seeking Alpha
5 months ago
HYB: Time To Say Goodbye To This CEF (Rating Downgrade)
HYB is converting to an ETF in February 2025, eliminating leverage and the discount to NAV, thus removing the arbitrage opportunity. Credit spreads are at historic lows, making the current 5.7% yield unattractive and increasing downside risk for HYB in 2025. The fund's structural changes will involve asset sales to repay borrowings, potentially altering the portfolio significantly post-conversion.
Neutral
GlobeNewsWire
5 months ago
The New America High Income Fund, Inc. Declares Distribution
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.
Neutral
GlobeNewsWire
5 months ago
The New America High Income Fund, Inc. Results of 2024 Annual Meeting
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that shareholders of the Fund have approved a proposal to reorganize 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").
Neutral
GlobeNewsWire
6 months ago
The New America High Income Fund, Inc. Declares Distribution
BOSTON, Nov. 01, 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 November 29, 2024 to common shareholders of record as of the close of business on November 15, 2024. The ex-dividend date will be November 15th.
Positive
Seeking Alpha
7 months ago
5 Closed-End Fund Buys In The Month Of September 2024
The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.
Positive
GuruFocus
7 months ago
SIT Investment Associates Inc's Strategic Acquisition in New America High Income Fund Inc
On September 30, 2024, SIT Investment Associates Inc made a significant addition to its portfolio by acquiring 1,651,450 shares of New America High Income Fund Inc (HYB, Financial). This transaction increased the firm's total holdings in HYB to 2,681,185 shares, marking a substantial investment at a price of $8.33 per share.
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