The New America High Income Fund, Inc. Declares Dividend

| Source: The New America High Income Fund, Inc. The New America High Income Fund, Inc.

BOSTON, MA--(Marketwire - October 4, 2010) - The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that it will pay a dividend of $.065 per share on the company's common stock on October 29, 2010 to common shareholders of record as of the close of business on October 15, 2010. The ex-dividend date will be October 13th.

In addition, the Fund announced that it has released updated portfolio data for the Fund. The information can be found on the Fund's web site at www.newamerica-hyb.com.

The 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 March 31, 2010, T. Rowe Price and its affiliates managed approximately $419 billion of assets, including approximately $16.4 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

Contact Information:

Contact:
Ellen E. Terry
Vice President
Telephone: 617-263-6400
www.newamerica-hyb.com