New America High Income Fund Announces Shareholder Distribution
New America High Income Fund Announces Upcoming Distribution
The New America High Income Fund, Inc. (the “Fund”) is making headlines with its recent announcement regarding a distribution. Shareholders will receive a payment of $.04 per share on December 31, 2024. This distribution is designed to benefit common shareholders on record by the close of business on December 17, 2024. The date marks an essential moment for investors who have positioned themselves to reap the rewards of this investment.
Understanding the Distribution Timeline
To clarify the timeline, it’s important to note that December 17, 2024, is the ex-dividend date, which signifies the last day shareholders could purchase shares to receive the upcoming distribution. This procedure is typical in the finance world, ensuring clear communication between the Fund and its investors.
Portfolio Management Insights
The Fund has also shared updated portfolio information, reflecting its commitment to transparency with investors. As a diversified, closed-end management investment company, the New America High Income Fund relies on a leveraged capital structure to optimize returns for its investors. Such management practices are in line with their investment strategies aimed at maximizing value.
T. Rowe Price's Role
At the helm of the Fund’s investment strategy is T. Rowe Price Associates, Inc., a well-respected name with a robust history in investment advisory services. With approximately $1.6 trillion in assets under management, including around $20 billion in high yield investments as of September 30, 2024, T. Rowe Price is adept at navigating the complexities of the market. Their expertise, cultivated since 1937, provides confidence to investors looking to the future.
Contact Information for Investors
For those looking to learn more about the New America High Income Fund, contact is available directly through Ellen E. Terry, the Fund President. Interested parties can reach her at 617-263-6400 for inquiries related to the Fund’s operations and investment opportunities.
Importance of Staying Informed
Investors are encouraged to stay informed about updates regarding their investments. By staying engaged and accessing the latest information available on the Fund's official website, one can make informed decisions and adapt strategies accordingly. Keeping up to date ensures that shareholders can maximize the benefits of their investments.
Frequently Asked Questions
What is the distribution amount declared by the New America High Income Fund?
The Fund declared a distribution of $.04 per share for its common stock.
When will the distribution be paid?
Payment will be made on December 31, 2024, to shareholders on record as of the close of business on December 17, 2024.
What is the role of T. Rowe Price in the Fund?
T. Rowe Price Associates, Inc. serves as the investment adviser for the New America High Income Fund, managing its investment strategies and portfolio.
How much does T. Rowe Price manage in assets?
As of the latest reports, T. Rowe Price manages approximately $1.6 trillion in assets, including about $20 billion in high yield investments.
Who can I contact for more information about the Fund?
Ellen E. Terry, the President of the Fund, can be contacted at 617-263-6400 for any inquiries.
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