The New America High Income Fund, Inc. Declares Dividend Payable on November 29, 2013; Appoints Stuart A. McFarland to the Board of Directors
November 02, 2013 at 02:30 am IST
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The New America High Income Fund Inc. announced that it will pay a dividend of $0.065 per share on the company's common stock on November 29, 2013 to common shareholders of record as of the close of business on November 15, 2013. The ex-dividend date will be November 13, 2013.
The fund also announced that Stuart A. McFarland was appointed to the Board of Directors effective November 1, 2013. Mr. McFarland has many years of experience in the investment banking and investment management industries, including ongoing service on the boards of directors of other NYSE-listed registered closed-end funds and open-end funds.
The New America High Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide high current income while seeking to preserve stockholders' capital through investment in a professionally managed, diversified portfolio of high yield fixed-income securities. The Fund invests primarily in fixed maturity corporate debt securities that are rated less than investment grade. It invests in range of sectors, including energy, cable operators, financial, metals and mining, healthcare, services, wireless communications, information technology, broadcasting, utilities, other telecommunications, container, transportation, chemicals, manufacturing, satellites, aerospace, and defense, building and real estate, supermarkets, automotive, forest products, lodging, airlines, transportation, entertainment and leisure, food/tobacco and real estate investment trust securities. Its investment advisor is T. Rowe Price Associates, Inc.
THE NEW AMERICA HIGH INCOME FUND INC. 
