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The latest update is out from New American High Income Fund Inc ( (HYB) ).
On March 12, 2025, The New America High Income Fund, Inc. announced that its reorganization into the T. Rowe Price High Yield Fund is expected to close on March 31, 2025, pending customary closing conditions. Upon completion, shareholders will transition to holding Investor Class shares of the T. Rowe Price Fund, marking a significant operational shift for the Fund.
More about New American High Income Fund Inc
The New America High Income Fund, Inc. is a diversified, closed-end management investment company. The Fund’s investment adviser is T. Rowe Price Associates, Inc., which manages approximately $1.63 trillion of assets as of February 28, 2025, and has been providing investment advisory services since 1937.
YTD Price Performance: 0.86%
Average Trading Volume: 76,135
For detailed information about HYB stock, go to TipRanks’ Stock Analysis page.