Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
New American High Income Fund Inc ( (HYB) ) has provided an update.
The New America High Income Fund Inc. has announced that its shareholders have approved a plan to reorganize into the T. Rowe Price High Yield Fund, with the transition expected by February 21, 2025. This move aims to streamline operations and broaden investor access, as shares of the Fund will convert to Investor Class shares of the T. Rowe Price Fund. Additionally, new board members have been elected, bringing fresh perspectives to the fund’s management.
See more data about HYB stock on TipRanks’ Stock Analysis page.