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

Rhea-AI Summary

AllianceBernstein Global High Income Fund (NYSE: AWF) reported its Q4 2025 earnings with total net assets of $966.41M as of March 31, 2025, showing a slight decline from $978.43M in December 2024. The fund's NAV per share stood at $11.21, down from $11.35 in the previous quarter, with 86,229,677 shares outstanding. For Q1 2025, the fund recorded total net investment income of $15.83M ($0.18 per share), while experiencing a total net realized and unrealized loss of $10.91M ($0.13 per share). This performance represents a decline from both the previous quarter and year-over-year, where Q4 2024 showed net investment income of $16.15M and Q4 2023 reported $17.71M.

Positive

• Net investment income remains positive at $15.83M for Q1 2025
• Fund maintains stable total assets year-over-year, with $966.41M in March 2025 compared to $966.42M in March 2024

Negative

• Net investment income declined to $0.18 per share from $0.21 year-over-year
• Total net realized and unrealized loss of $10.91M in Q1 2025
• NAV decreased from $11.35 to $11.21 quarter-over-quarter
• Total assets declined by $12M from previous quarter

Insights

Financial Analyst

AWF reported quarterly results with NAV staying flat year-over-year at $11.21, while investment income declined compared to previous periods.

AllianceBernstein Global High Income Fund's latest quarterly report reveals a mixed financial picture. The fund's total net assets remained essentially flat year-over-year at $966.4 million, but declined 1.2% from the previous quarter. Similarly, the NAV per share held steady at $11.21 compared to March 2024, though it dropped from $11.35 in December 2024.

What's particularly concerning is the downward trend in investment income. The quarterly net investment income of $15.8 million ($0.18 per share) represents a 10.6% decrease from the $17.7 million ($0.21 per share) reported in the same quarter last year. This continues a sequential decline from $16.1 million in the previous quarter.

The fund also reported a realized and unrealized loss of $10.9 million ($0.13 per share) for the quarter, which compares unfavorably to the $2.7 million gain in the same period last year. This negative performance exacerbated the overall quarterly results.

For investors in this closed-end fund, these figures indicate deteriorating income generation capability, which is especially important given that high-income funds are typically sought for their yield. The combination of declining investment income and realized/unrealized losses suggests potential challenges in the underlying investment portfolio, possibly reflecting broader high-yield market conditions or specific investment selections within the fund.

NEW YORK, May 30, 2025 /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, 2025.

Total net assets of the Fund on March 31, 2025 were $966,409,431 as compared with $978,431,163 on December 31, 2024 and $966,421,294 on March 31, 2024. On March 31, 2025, the net asset value per share was $11.21 based on 86,229,677 shares of common stock outstanding.

	March 31, 2025	December 31, 2024	March 31, 2024
Total Net Assets	$966,409,431	$978,431,163	$966,421,294
NAV Per Share	$11.21	$11.35	$11.21
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period January 1, 2025 through March 31, 2025, total net investment income was $15,829,657 or $0.18 per share. The total net realized and unrealized loss was $(10,907,723) or $(0.13) per share for the same period.

	Fourth Quarter       Ended March 31, 2025	Third Quarter       Ended December 31, 2024	Fourth Quarter       Ended March 31, 2024
Total Net Investment   Income	$ 15,829,657	$16,146,424	$17,708,394
Per Share	$0.18	$0.19	$0.21
Total Net Realized/   Unrealized Gain/(Loss)	$(10,907,723)	$(8,683,161)	$2,688,872
Per Share	$(0.13)	$(0.10)	$0.04

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-302469628.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What was AWF's net asset value (NAV) per share as of March 31, 2025?

AWF's NAV per share was $11.21 as of March 31, 2025

How much net investment income did AWF report for Q1 2025?

AWF reported total net investment income of $15,829,657 ($0.18 per share) for Q1 2025

What was AWF's total net realized and unrealized gain/loss in Q1 2025?

AWF reported a total net realized and unrealized loss of $10,907,723 ($0.13 per share) in Q1 2025

How did AWF's total net assets change from December 31, 2024 to March 31, 2025?

AWF's total net assets decreased from $978,431,163 to $966,409,431, a decline of approximately $12 million

How many shares of AWF were outstanding as of March 31, 2025?

AWF had 86,229,677 shares outstanding as of March 31, 2025