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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.

BOSTON, June 03, 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 June 28, 2024 to common shareholders of record as of the close of business on June 14, 2024. The ex-dividend date will be June 14th.

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.

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.

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.

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.

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.

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.

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.

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.