AllianceBernstein Global High Income Fund, Inc. Reports Second Quarter Earnings

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) reported total net assets of $1,047,933,220 as of September 30, 2020, an increase from $1,013,148,125 on June 30, 2020, but a decline from $1,135,169,486 year-over-year.

Rhea-AI Summary

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) reported total net assets of $1,047,933,220 as of September 30, 2020, an increase from $1,013,148,125 on June 30, 2020, but a decline from $1,135,169,486 year-over-year. The net asset value per share rose to $12.15, up from $11.75 in the prior quarter but down from $13.16 year-over-year. Total net investment income for Q2 was $13,182,392 or $0.15 per share, while total net realized and unrealized gains reached $38,546,836 or $0.45 per share.

Positive

• Increase in total net assets from $1,013,148,125 to $1,047,933,220 quarter-over-quarter.
• Higher net asset value per share at $12.15 compared to $11.75 in the previous quarter.
• Total net investment income of $13,182,392 shows stability at $0.15 per share.
• Significant total net realized and unrealized gains of $38,546,836 representing $0.45 per share.

Negative

• Total net assets decreased from $1,135,169,486 year-over-year.
• Net asset value per share declined from $13.16 a year ago.
• Total net investment income decreased from $14,170,249 year-over-year.
• Total net realized and unrealized gains fell sharply from $91,212,323 in the previous quarter.

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In the trading session that priced this news, AWF gained 0.09%, reflecting a mild positive market reaction.

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NEW YORK, Nov. 27, 2020 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed‑end investment company, today announced earnings for the second quarter ended September 30, 2020.

Total net assets of the Fund on September 30, 2020 were $1,047,933,220 as compared with $1,013,148,125 on June 30, 2020 and $1,135,169,486 on September 30, 2019. On September 30, 2020, the net asset value per share was $12.15 based on 86,229,677 shares of common stock outstanding.

	September 30, 2020	June 30, 2020	September 30, 2019
Total Net Assets	$1,047,933,220	$1,013,148,125	$1,135,169,486
NAV Per Share	$12.15	$11.75	$13.16
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period July 1, 2020 through September 30, 2020, total net investment income was $13,182,392 or $0.15 per share. The total net realized and unrealized gain was $38,546,836 or $0.45 per share for the same period.

	Second Quarter       Ended September 30, 2020	First Quarter       Ended June 30, 2020	Second Quarter       Ended September 30, 2019
Total Net Investment Income	$13,182,392	$12,695,526	$14,170,249
Per Share	$0.15	$0.15	$0.16
Total Net Realized/Unrealized Gain/(Loss)	$38,546,836	$91,212,323	$2,157,697
Per Share	$0.45	$1.06	$0.03

AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P.                                                                              

View original content:http://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-reports-second-quarter-earnings-301181226.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

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What are the total net assets of AllianceBernstein Global High Income Fund (AWF) as of September 30, 2020?

The total net assets were $1,047,933,220 as of September 30, 2020.

What was the net asset value per share for AWF on September 30, 2020?

The net asset value per share was $12.15 on September 30, 2020.

How much was the total net investment income for AWF in Q2 2020?

The total net investment income for Q2 2020 was $13,182,392, or $0.15 per share.

What total net gains did AWF report for the second quarter of 2020?

AWF reported total net realized and unrealized gains of $38,546,836, or $0.45 per share for the second quarter of 2020.

How do AWF's Q2 earnings compare to the previous year?

Total net investment income decreased from $14,170,249 in Q2 2019 to $13,182,392 in Q2 2020.