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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.

HYB is a high yield focused CEF with low leverage (sub 30%). The fund is getting pummeled as the market sells off with all participants in risk-off mode.