The latest update is out from New American High Income Fund Inc (HYB).
The New America High Income Fund Inc. has announced a strategic move to reorganize into the T. Rowe Price High Yield Fund, following approval from its Board of Directors. Alongside this development, the Fund has also entered into a standstill agreement with Saba Capital Management, L.P. This decision aims to align with the Fund’s future growth and performance objectives.
For a thorough assessment of HYB stock, go to TipRanks’ Stock Analysis page.