New America High Income Fund
NEW AMERICA HIGH INCOME FUND INC is a company, not a closed-end fund. We still track it - notices about it are below - but most of this site is about funds.
Is anyone targeting this fund?
Yes - 2 large investors hold stakes in this company, and 1 of them is pushing for changes.
- Saba owns 8% and has said it may push for changes. Since Jan 23, 2024.
- Sit Investment owns 11.5% as a passive investor. On file since Oct 3, 2024.
What this means for you
Saba has told the regulator it may push for changes at this company. That usually means asking for a seat on the board, a sale of the company, or a change in how it is run.
Nothing is required of you now.
Large investors can also sell down and walk away. We show every notice they file, the day it is filed.
What happened, and when
-
Oct 3, 2024
Sit Investment now owns 11.5%, as a passive investor.
Original document → -
Aug 12, 2024
Saba raised its stake to 8% (from 7.9%). It has said it may push for changes.
Original document → -
Jan 23, 2024
Saba now owns 7.9%. It has said it may push for changes.
Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Oct 3, 2024 | Sit Investment | 11.5% | Passive investor |
| Aug 12, 2024 | Saba | 8% | Updated notice |
| Jan 23, 2024 | Saba | 7.9% | Updated notice |
No announcements from the fund on file.
- Run by
- not filed yet
- Fund family
- not filed yet
- Exchange
- not listed
Email me when something new is filed for New America High Income Fund
Free. One email per notice or announcement, usually within a day. No password.