Contact Information: Contact: Ellen E. Terry Vice President 617-263-6400 www.newamerica-hyb.com
The New America High Income Fund, Inc. Announces Extension of Rights Offering
| Source: The New America High Income Fund, Inc.
BOSTON, MA--(Marketwire - August 16, 2007) - The New America High Income Fund, Inc. (NYSE : HYB ) (the "Fund") announced that its Board of Directors has extended the
expiration date of the Fund's transferable rights offering due to market
conditions. The expiration of the rights offering has been changed from
Monday, August 20, 2007 to 5:00 p.m. Eastern time on Monday, September 17,
2007. All subscription certificates, payments for shares, and notices of
guaranteed delivery are due by 5:00 p.m. Eastern time on Monday, September
17, 2007. Payment for guarantees of delivery are due on September 20, 2007.
New shares will now be mailed to participants no later than October 8,
2007. The price per share and all other terms of the offer remain unchanged
and are set forth in the Fund's prospectus dated July 24, 2007.
In addition, the last trading day in the rights (NYSE : HYBrt ) on the New
York Stock Exchange has been extended from August 17, 2007 to Friday,
September 14, 2007, the last business day prior to the new expiration date.
Any rights submitted to Colbent Corporation, the Subscription Agent, for
sale must be received by Colbent Corporation on or before 4:00 p.m. Eastern
time on Thursday, September 13, 2007.
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.