SOURCE: The New America High Income Fund, Inc.

December 18, 2007 16:15 ET

The New America High Income Fund, Inc. Declares Dividends

BOSTON, MA--(Marketwire - December 18, 2007) - The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today the following dividends:

Type          Dividend      Ex-Dividend       Record         Payment
                               Date            Date           Date

Special       $.0125         12/27/07         12/31/07       1/31/08
Regular       $.0050         1/15/08          1/17/08        1/31/08
Regular       $.0175         2/13/08          2/15/08        2/29/08

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 September 30, 2007, T. Rowe Price and its affiliates managed approximately $396 billion of assets, including approximately $10.6 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

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