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New America High Income Fund, I Message Board

  • rlaimbeer rlaimbeer Mar 2, 2013 8:21 AM Flag

    HYB Annual Report

    The annual report released a few days ago shows a continuing decline in NII to .075398. The Undistributed net investment income is down from .19 to .01 due to the special year end dividend of .185 which was paid in January 2013. Despite the NII downward trend, HYB is continuing to cover their monthly dividend of .065. However it is unlikely that any special year end dividend paid in January 2014 will be more than .12. That means next January's dividend will probably be .185 and not the .25 paid in January of 2013. The special dividend couuld be even lower if NII continues its downward trend. When shareholders realize what has happened look for the share price to fall below $10.

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