Reuters logo
TEXT - Fitch on New America High Income Fund
December 3, 2012 / 5:15 PM / 5 years ago

TEXT - Fitch on New America High Income Fund

Dec 3 - The following auction term preferred stock (ATP) issued by New
America High Income Fund, Inc. (NYSE: HYB) are paid in full (PIF) following the
full redemption of outstanding shares, according to Fitch Ratings: 
    --$85,425,000 of ATP, consisting of Series A, B, C and D, redeemed Nov. 9,
2012 to 'PIF' from 'AAA'. 
    
    HYB is a closed-end fund managed by T. Rowe Price Associates, Inc. The
redemption of outstanding ATP took place as part of a refinancing of the fund's
leverage. The fund has arranged a credit facility to finance the redemption.
Borrowings from this credit facility are now the fund's sole source of leverage.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below