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HYB (The New America High Income Fund Inc.) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The New America High Income Fund Inc. operates as a closed-end investment vehicle specializing in fixed income, under the professional management of T. Rowe Price Associates, Inc. This fund primarily allocates capital within the United States' debt markets, with a particular focus on high-yield fixed-income instruments, commonly known as "junk bonds." These holdings generally possess credit ratings of BB or lower from S&P, or Ba or below from Moody's. The fund gauges its effectiveness by comparing its portfolio's returns against the Credit Suisse High Yield Index and the Citigroup 10 Year Treasury Index. Formed in the United States on November 19, 1987, it continues to be based domestically.
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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.
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.
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.
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.
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.