The New America High Income Fund, Inc. Notified by NYSE of Non-Compliance With Continued Listing Standards

BOSTON, MA--(Marketwire - November 19, 2008) - The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that on November 13, 2008 the Fund received a letter from NYSE Regulation, Inc. ("NYSE") advising it that the Fund is not in compliance with the New York Stock Exchange's (the "Exchange") continued listing standard related to maintaining a consecutive thirty day average closing stock price of over $1.00 per share. The thirty day average closing stock price as of November 12, 2008 was $.99.

Under the Exchange's rules, the Fund has six months from the date of the NYSE notice to cure the average price deficiency, during which time, subject to compliance with the Exchange's other continued listing standards, the Fund's shares of common stock will continue to be listed and traded on the Exchange. If these conditions are not met during the six-month cure period, NYSE indicated that it will commence suspension and delisting procedures. The Fund has notified NYSE that it intends to take steps intended to cure the price deficiency within the six-month cure period.

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund's investment advisor is T. Rowe Price Associates, Inc. ("T. Rowe Price"). As of September 30, 2008 T. Rowe Price and its affiliates managed approximately $345 billion of assets, including approximately $10.4 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