SOURCE: The New America High Income Fund, Inc.

May 01, 2007 09:31 ET

The New America High Income Fund, Inc. Declares Dividend

BOSTON, MA -- (MARKET WIRE) -- May 1, 2007 -- The New America High Income Fund, Inc. (the "Fund")(NYSE: HYB) announced today that it will pay a dividend of $.0175 per share on the company's common stock on May 31, 2007 to common shareholders of record as of the close of business on May 17, 2007. The ex-dividend date will be May 15th.

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. As of December 31, 2006, T. Rowe Price and its affiliates managed approximately $334.7 billion of assets, including approximately $10.5 billion of "high yield" investments. T. Rowe Price Associates has provided investment advisory services to investment companies since 1937.

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