The New America High Income Fund Inc. Declares Dividend, Payable on September 30, 2013; Appoints Oleg M. Pohotsky as Board of Director
September 04, 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 September 30, 2013 to common shareholders of record as of the close of business on September 16, 2013. The ex-dividend date will be September 12, 2013.
The company also announced that Oleg M. Pohotsky was appointed to the Board of Directors effective September 1, 2013.
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.