HYB New America High Income Fund Inc

 

United States
Securities and Exchange Commission

 

Washington, D.C. 20549

 

Form 8-K

 

Current Report

 

Pursuant to Section 13 or 15(D) of
the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) November 20, 2024

 

______________________________

 

The New America High Income Fund Inc.
(Exact name of registrant as specified in its charter)

 

Maryland	811-05399	04-2995419
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
33 Broad Street Boston, Massachusetts		02109
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code 617-263-6400

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	HYB	New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).                            Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                                         ¨

 

 

Item 7.01

Regulation FD Disclosure

 

The New America High Income Fund Inc. (the “Fund”) is filing herewith a press release issued on November 20, 2024, as Exhibit 99.1. The press release was issued by the Fund to announce that stockholders of the Fund have approved (1) 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. and (2) the election of Joseph L. Bower, Stuart A. McFarland, Marguerite A. Piret, Luis M. Viceira and Ellen E. Terry. Details regarding these items are contained in the press release.

 

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits

 

Exhibit Number		Description
99.1		Press Release, dated November 20, 2024.

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	The New America High Income Fund Inc.
	(Registrant)
Date November 20, 2024	/s/ Ellen E. Terry
	Name:	Ellen E. Terry
	Title:	President and Secretary

 

 

Exhibit Index

 

Exhibit Number		Description
99.1		Press Release, dated November 20, 2024.

 

 

 

 

Exhibit 99.1

 

The New America High Income Fund, Inc.
Results of 2024 Annual Meeting

 

Boston, Massachusetts, November 20, 2024 – The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that shareholders of the Fund have approved a proposal to reorganize 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").

 

The Reorganization is currently expected to become effective following the close of business of the New York Stock Exchange on Friday, February 21, 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. In order to facilitate the Reorganization, trading in shares of the Fund is expected to be halted prior to the Closing Date.

 

Shareholders of the Fund also approved the election of Joseph L. Bower, Stuart A. McFarland, Marguerite A. Piret, Luis M. Viceira and Ellen E. Terry.

 

About the Fund

 

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of September 30, 2024, T. Rowe Price and its affiliates managed approximately $1.63 trillion of assets, including approximately $20 billion of “high yield: investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

 

This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of the Fund or the T. Rowe Price Fund. Additional information about the Fund and the T. Rowe Price Fund, including performance and portfolio characteristic information, is available at www.newamerica-hyb.com or www.troweprice.com, respectively.

 

Statements in this press release that are not historical facts may be forward-looking statements, as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

 

 

v3.24.3

Cover	Nov. 20, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 20, 2024
Entity File Number	811-05399
Entity Registrant Name	The New America High Income Fund Inc.
Entity Central Index Key	0000825345
Entity Tax Identification Number	04-2995419
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	33 Broad Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02109
City Area Code	617
Local Phone Number	263-6400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	HYB
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

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