ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS FOURTH QUARTER EARNINGS

Rhea-AI Summary

AllianceBernstein Global High Income Fund (NYSE: AWF) reported its Q4 earnings for the period ending March 31, 2024. The Fund's total net assets grew to $966.42 million, up from $962.97 million at the end of 2023 and $910.95 million a year ago. Net asset value (NAV) per share rose to $11.21 from $11.17 in the previous quarter and $10.56 a year earlier. The Fund recorded a total net investment income of $17.71 million, or $0.21 per share, and a net realized and unrealized gain of $2.69 million, or $0.04 per share.

Positive

• Total net assets increased to $966.42 million from $962.97 million in the prior quarter and $910.95 million a year ago.
• Net asset value (NAV) per share rose to $11.21 compared to $11.17 in the last quarter and $10.56 a year earlier.
• Total net investment income for Q4 was $17.71 million, up from $15.99 million in the previous quarter and $15.35 million a year ago.
• Per share net investment income increased to $0.21 from $0.19 in the prior quarter and $0.18 a year earlier.

Negative

• Total net realized and unrealized gain dropped significantly to $2.69 million in Q4 from $58.03 million in the previous quarter.

News Market Reaction – AWF

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+0.47% News Effect

On the day this news was published, AWF gained 0.47%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, May 31, 2024 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed‑end investment company, today announced earnings for the fourth quarter ended March 31, 2024.

Total net assets of the Fund on March 31, 2024 were $966,421,294 as compared with $962,968,159 on December 31, 2023 and $910,948,934 on March 31, 2023. On March 31, 2024, the net asset value per share was $11.21 based on 86,229,677 shares of common stock outstanding.

	March 31, 2024	December 31, 2023	March 31, 2023
Total Net Assets	$966,421,294	$962,968,159	$910,948,934
NAV Per Share	$11.21	$11.17	$10.56
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period January 1, 2024 through March 31, 2024, total net investment income was 17,708,394 or $0.21 per share. The total net realized and unrealized gain was 2,688,872 or $0.04 per share for the same period.

	Fourth Quarter       Ended March 31, 2024	Third Quarter       Ended December 31, 2023	Fourth Quarter       Ended March 31, 2023
Total Net Investment   Income	$17,708,394	$15,991,192	$ 15,351,951
Per Share	$0.21	$0.19	$0.18
Total Net Realized/   Unrealized Gain	$2,688,872	$58,030,384	$ 12,145,084
Per Share	$0.04	$0.67	$0.13

 

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

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-reports-fourth-quarter-earnings-302160894.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What were the total net assets for AllianceBernstein Global High Income Fund (AWF) as of March 31, 2024?

The total net assets for AllianceBernstein Global High Income Fund (AWF) as of March 31, 2024 were $966.42 million.

What was the net asset value (NAV) per share for AWF in Q4 2024?

The net asset value (NAV) per share for AWF in Q4 2024 was $11.21.

How much did AWF's total net investment income amount to in Q4 2024?

AWF's total net investment income in Q4 2024 was $17.71 million.

What was AWF's total net realized and unrealized gain in Q4 2024?

AWF's total net realized and unrealized gain in Q4 2024 was $2.69 million.

How did AWF's net investment income per share change from Q3 2023 to Q4 2024?

AWF's net investment income per share increased from $0.19 in Q3 2023 to $0.21 in Q4 2024.