The New America High Income Fund, Inc. Update on Timing of Reorganization
22 February 2025 - 10:30AM
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.
About the FundThe 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 January 31, 2025, T. Rowe Price and its affiliates
managed approximately $1.65 trillion of assets. 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.
Contact: Ellen E.
Terry, PresidentTelephone: 617-263-6400www.newamerica-hyb.com
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