BOSTON, MA--(Marketwire - August 1, 2008) - The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that it will pay a dividend of $.013 per share on the company's common stock on August 29, 2008 to common shareholders of record as of the close of business on August 15, 2008. The ex-dividend date will be August 13th.

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 December 31, 2007, T. Rowe Price and its affiliates managed approximately $400 billion of assets, including approximately $10.5 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

Contact Information: Contact: Ellen E. Terry Vice President Telephone: 617-263-6400 www.newamerica-hyb.com