The New America High Income Fund Inc. (NYSE:HYB – Get Rating) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 12,800 shares, a decrease of 43.9% from the March 15th total of 22,800 shares. Based on an average trading volume of 80,600 shares, the days-to-cover ratio […]
The New America High Income Fund Inc. (NYSE:HYB – Get Rating) declared a dividend on Friday, April 8th, investing.com reports. Shareholders of record on Thursday, April 14th will be given a dividend of 0.05 per share by the investment management company on Friday, April 29th. This represents a yield of 7.48%. The ex-dividend date is […]
The New America High Income Fund, Inc. Announces Election to Opt in to Maryland Control Share Acquisition Act Boston, Massachusetts, UNITED STATES
BOSTON, Feb. 16, 2021 (GLOBE NEWSWIRE) The board of directors (the “Board”) of The New America High Income Fund, Inc. (the “Fund”) announced that the Fund has elected to be subject to the Maryland Control Share Acquisition Act (the “MCSAA”), effective immediately.
The Board believes that electing to be subject to the MCSAA protects the interests of the Fund. Maryland lawmakers instituted the MCSAA to limit the ability of any single stockholder to exert undue influence in pursuit of short-term gains at the expense of long-term value for Fund stockholders and the Fund’s ability to achieve its investment objective.