New American High Income Fund

New America High Income Fund, Inc. operates as a closed-end investment fund. Its investment objective is to provide high current income, while seeking to preserve stockholder's capital, through investment in a professionally managed, diversified portfolio of high yield fixed-income securities, commonly known as junk bonds. The firm invests in high yield fixed-income securities rated in the lower categories by established rating agencies. The company was founded on November 19, 1987 and is headquartered in Boston, MA.

BOSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a distribution of $.04 per share on the company's common stock on November 29, 2024 to common shareholders of record as of the close of business on November 15, 2024. The ex-dividend date will be November 15th.

The New America High Income Fund, Inc. Declares Distribution

BNY Mellon High Yield Strategies Fund 

Flaherty & Crumrine Total Return Fund Inc

John Hancock Tax-Advantaged Dividend Income Fund

NextEra Energy

Nuveen AMT-Free Municipal Value Fund

Tortoise Essential Assets Income Term Fund

Utilities Select Sector SPDR Fund

The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.

5 Closed-End Fund Buys In The Month Of September 2024

BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.04 per share on the company's common stock on October 31, 2024 to common shareholders of record as of the close of business on October 17, 2024. The ex-dividend date will be October 17th.

The New America High Income Fund, Inc. Declares Dividend

This article discusses the recent events surrounding the New America High Income Fund, a closed-end fund that historically traded at a discount to its net asset value. Activist hedge fund Saba Capital identified HYB's discount as an arbitrage opportunity and took a position in the fund. Saba successfully pushed for a reorganization where HYB will potentially merge into the T. Rowe Price High Yield Fund, an open-ended mutual fund.

HYB: Saba Does It Again, Quasi-Eliminating The Discount For This CEF

BOSTON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that the Fund's Board of Directors has approved a proposal to reorganize the Fund into the T. Rowe Price High Yield Fund, a separate series of the T. Rowe Price High Yield Fund, Inc. The reorganization is subject to approval by Fund shareholders, who will be asked to vote on the proposal at the Fund's Annual Meeting of Shareholders expected to take place in November 2024 (the “Meeting”).

The New America High Income Fund, Inc. Announces Proposed Reorganization and Agreement with Saba Capital

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today announced that it has entered into a standstill agreement with The New America High Income Fund (NYSE: HYB) (the “Fund”). Under the terms of the agreement, The New America High Income Fund will, subject to stockholder approval, reorganize with and into the T. Rowe Price High Yield Fund, Inc. (Nasdaq: PRHYX), an open-end management investment company registered under the Inve.

Saba Capital Reaches Agreement With The New America High Income Fund

The New America High Income Fund is a fixed income CEF. The fund's previously attractive discount to NAV has narrowed, and the instrument has a high cost of leverage due to rising rates. The CEF's conservative portfolio may limit downside in a downturn, but also limits upside outside the current dividend yield.

HYB: Holding This High Yield CEF For The DRIP (Rating Downgrade)

Ares Dynamic Credit Allocation Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Quantitative screens narrow down attractive closed-end fund candidates for further investigation. "Quality" report focuses on funds with coverage exceeding 100% to potentially reduce the risk of distribution cuts. Rankings provide shortlists for further research, not final buy or sell decisions.

The Quality Closed-End Fund Report, March 2024

New America High Income Fund provides diversified high-yield bond exposure and is trading at an attractive discount. Although the fund's performance has been mostly flat since our last update, it has outperformed its non-leveraged, passively managed HYT peer over the long term. HYB pays a monthly distribution with strong distribution coverage as rates stabilize; if rates are cut, we could even see a possible increase.

HYB: Attractive Valuation And Providing Monthly Income

Ares Capital

AllianceBernstein Global High Income Fund Inc

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

Central Securities

Calamos Convertible Opportunities And Income Fund

DNP Select Income Fund Inc

Eaton Vance Enhanced Equity Income Fund II

Energy Transfer LP Unit

Flaherty & Crumrine Preferred Securities Income Fund Inc

Guggenheim Strategic Opportunities Fund

abrdn Healthcare Investors 

India Fund Inc

Kayne Anderson MLP Investment

Main Street Capital

Barings Corporate Investors

Annaly Capital

Nuveen Municipal High Income Opportunity Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

ArrowMark Financial

ArrowMark Financial Corp and New America High Income Fund are two closed-end funds that generate significant net investment income and trade at attractive discounts to their net asset values. ArrowMark Financial Corp primarily invests in regulatory capital relief securities, while New America High Income Fund invests in more traditional high-yield fixed-income securities. Both funds have the potential to provide regular income and are trading at attractive discounts, making them suitable and attractive for income investors.

BANX And HYB: Delivering Income To Investors

The New America High Income Fund is a fixed income closed-end fund focused on U.S. high yield. HYB follows a conservative strategy in managing leverage and collateral quality. It's willing to cut dividends to maintain sustainability, avoiding return of capital utilization. HYB has a long performance history since its inception in 1988. It aims to preserve NAV over the long term and has shown resilience through various credit cycles.

HYB: Buy The Wide 14% Discount

BOSTON, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a special dividend of $.0475 per share on the company's common stock on January 31, 2024 to common shareholders of record as of the close of business on December 29, 2023. The ex-dividend date will be December 28th.

The New America High Income Fund, Inc. Declares Special Dividend

New America High Income Fund is a high-yield bond fund trading at a deep discount, making it attractive for investors seeking high-yield exposure. HYB distribution coverage in their last report comes to around 104%, which this fund has historically focused on paying a rate that they can earn. The fund's portfolio is quite diversified and includes holdings in a variety of sectors, as well as exposure to many different companies that can all operate differently during a downturn.

HYB: Attractively Priced For High-Yield Exposure

New America High-Income (HYB) is a high-yield bond fund trading at a deep discount to its net asset value, offering an attractive 7.29% distribution yield. The fund's performance has been impacted by rising borrowing costs and falling bond prices, but it remains competitive with other high-yield bond funds, such as the BlackRock Corporate High Yield Fund (HYT). HYB's deep discount and diversified portfolio make it an attractive option for investors seeking high-yield exposure, though further distribution cuts are possible due to rising interest rates.

HYB: An Attractive Discount On This High Yield Fund

The New America High Income Fund is a U.S. high-yield closed-end fund that has been around for almost 40 years and has gone through various market cycles. The fund cut its dividend in 2023, leading to a widening of the discount to NAV, which is now close to -17%. The article suggests that the market has responded erroneously to the dividend cut, but that the discount may not be corrected until the next cyclical bull market.

HYB: Revisiting This High Yield CEF After The Dividend Cut

Flaherty & Crumrine Dynamic Preferred & Income Fund

DFP and HYB cut their distributions recently; DFP had cut several times through 2022. This isn't always bad as they focus on the longer term and do not overdistribute more than what they earn from income.

DFP And HYB: 2 Strong Funds Focused On Paying Sustainable Distributions

Nuveen Build America Bond Fund

Cohen & Steers Quality Income Realty Fund

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

The 8% Income Portfolio: 2022 Year-End Review

BOSTON, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The New America High Income Fund, Inc. (the “Fund”) (NYSE:HYB) announced today the following dividends to be paid on the Fund's common stock:

The New America High Income Fund, Inc. Declares Dividends

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

DoubleLine Income Solutions Fund

BNY Mellon Strategic Municipal Bond Fund, Inc.

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Highland Income Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income 2022 Term Fund

KKR Income Opportunities Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Opportunities Fund

Pioneer High Income Trust

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset Diversified Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Quality Closed-End Fund Report, November 2022

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

John Hancock Investors Trust

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PCM Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

HYB is a leveraged high yield bond fund. The fund's last report shows that the latest six months showed NII fully covered the payout.

HYB: Fully Covered 8.53% Distribution Yield

BOSTON, July 01, 2022 (GLOBE NEWSWIRE) -- In a release issued on Thursday, June 30th by The New America High Income Fund, Inc. (NYSE: HYB), please note that in the first paragraph of the release, the dates should be July 15, 2022 and July 14th, not June 15, 2022 and June 14th, as previously stated. The corrected release follows:

CORRECTION -- The New America High Income Fund, Inc.

HYB is a high yield focused CEF with low leverage (sub 30%). The fund is getting pummeled as the market sells off with all participants in risk-off mode.

HYB: High Yield Panic Mode Is A Buy Signal

Western Asset High Yield Defined Opportunity Fund Inc

HYI and HYB both offer exposure to a portfolio in the high yield space; high yield bonds provide reduced interest rate sensitivity. One of the primary differences is that HYB is leveraged while HYI is non-leveraged and term structured.

HYI And HYB: 2 High Yield Bond Funds Worth A Look

News for New American High Income Fund ETF (HYB)