The New America High Income Fund, Inc Declares Dividend globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
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.
The New America High Income Fund, Inc Declares Dividends globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.