Contact Information: Contact: Ellen E. Terry Vice President Telephone: 617-263-6400 www.newamerica-hyb.com
The New America High Income Fund, Inc. Declares Dividend
| Source: The New America High Income Fund, Inc.
BOSTON, MA--(Marketwire - December 4, 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 December 31, 2007 to common
shareholders of record as of the close of business on December 17, 2007.
The ex-dividend date will be December 13th.
In addition, the Fund announced that, due to current market conditions, the
Board of Directors has postponed the contemplated offering of the issuance
of additional auction term preferred stock. The Board of Directors intends
to monitor market conditions in the future to determine whether to conduct
an offering at a later date.
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 June 30, 2007, T. Rowe Price and its affiliates managed
approximately $379 billion of assets, including approximately $10.2 billion
of "high yield" investments. T. Rowe Price has provided investment advisory
services to investment companies since 1937.