New America High Income Fund Declares Special Dividend
New America High Income Fund Announces Special Dividend
The New America High Income Fund, Inc. (NYSE: HYB) recently made a noteworthy announcement regarding its financial distribution strategy. The Fund is set to pay a special dividend of $0.06 per share, providing additional value to its common shareholders.
Key Dividend Details
This special dividend will be payable on March 27, 2025, serving as a timely acknowledgment of shareholder support. Shareholders on record by the close of business on March 14, 2025, will be eligible for this payout, while the ex-dividend date is scheduled for March 24 of the same year.
Overview of the New America High Income Fund
The New America High Income Fund, Inc. is recognized as a diversified and closed-end management investment company that operates with a leveraged capital structure. This structure is pivotal as it allows the Fund to optimize its investment capabilities and provide attractive returns to its investors.
Partnership with T. Rowe Price
A crucial aspect of the Fund's success is its partnership with T. Rowe Price Associates, Inc., a reputable investment adviser with a longstanding history. Established in 1937, T. Rowe Price has evolved into an asset management giant, overseeing approximately $1.63 trillion in assets as of February 2025. Their expert guidance is instrumental in the management and strategic growth of the Fund's investments.
Importance of the Dividend for Investors
This special dividend not only signifies the Fund's commitment to rewarding its investors but also highlights the effective management practices employed by T. Rowe Price. For current and prospective shareholders, dividends can serve as an important indicator of a fund's health and long-term strategy, reflecting both profitability and the intent to share successes with investors.
Contact Information
For further inquiries or information regarding the New America High Income Fund, investors can reach out directly:
Ellen E. Terry, President
Telephone: 617-263-6400
Website: www.newamerica-hyb.com
Frequently Asked Questions
What is the amount of the announced special dividend?
The special dividend is set at $0.06 per share for the Fund's common stock.
When is the payment date for the special dividend?
The payment date for the special dividend is March 27, 2025.
Who is eligible to receive the special dividend?
Common shareholders of record as of March 14, 2025, will be eligible for the special dividend.
What is the ex-dividend date?
The ex-dividend date is March 24, 2025.
Who manages the New America High Income Fund?
The Fund is managed by T. Rowe Price Associates, Inc., a prominent investment adviser with a significant asset base.
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