The New America High Income Fund, Inc. Declares Dividend

BOSTON, MA -- (Marketwire) -- 07/02/12 -- The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that it will pay a dividend of $.065 per share on the company's common stock on July 31, 2012 to common shareholders of record as of the close of business on July 17, 2012. The ex-dividend date will be July 13th.

In addition, the Fund announced that it has released updated portfolio data for the Fund. The information can be found on the Fund's web site at www.newamerica-hyb.com.

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 March 31, 2012, T. Rowe Price and its affiliates managed approximately $555 billion of assets, including approximately $21.4 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

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