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

Rhea-AI Summary

AllianceBernstein Global High Income Fund (NYSE: AWF) reported its second quarter earnings for the period ended September 30, 2024. The Fund's total net assets increased to $989.26 million, up from $956.90 million in June 2024 and $907.69 million year-over-year. The net asset value per share rose to $11.47, compared to $11.10 in the previous quarter. Total net investment income reached $16.37 million ($0.19 per share), while the Fund recorded a total net realized and unrealized gain of $32.94 million ($0.38 per share) for the quarter.

Positive

• Net assets increased by $32.36 million quarter-over-quarter
• Net asset value per share improved from $11.10 to $11.47
• Total net investment income grew to $16.37 million from $15.87 million in previous quarter
• Realized significant gain of $32.94 million, reversing previous quarter's loss

Negative

• None.

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NEW YORK, Nov. 29, 2024 /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, 2024.

Total net assets of the Fund on September 30, 2024 were $989,257,215 as compared with $956,898,954 on June 30, 2024 and $907,692,915 on September 30, 2023. On September 30, 2024, the net asset value per share was $11.47 based on 86,229,677 shares of common stock outstanding.

	September 30, 2024	June 30, 2024	September 30, 2023
Total Net Assets	$989,257,215	$956,898,954	$907,692,915
NAV Per Share	$11.47	$11.10	$10.53
Shares Outstanding	86,229,677	86,229,677	86,229,677

For the period July 1, 2024 through September 30, 2024, total net investment income was $16,366,635 or $0.19 per share. The total net realized and unrealized gain was $32,935,757 or $0.38 per share for the same period.                                                                                                            

	Second Quarter       Ended September 30, 2024	First Quarter       Ended June 30, 2024	Second Quarter       Ended September 30, 2023
Total Net Investment   Income	$16,366,635	$15,871,344	$ 15,124,939
Per Share	$0.19	$0.18	$0.18
Total Net Realized/   Unrealized Gain/(Loss)	$32,935,757	$(8,449,552)	$ (5,488,870)
Per Share	$0.38	$(0.10)	$(0.06)

 

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-second-quarter-earnings-302318819.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What was AWF's net asset value per share on September 30, 2024?

AWF's net asset value per share was $11.47 on September 30, 2024.

How much did AWF's total net assets increase in Q2 2024?

AWF's total net assets increased by $32.36 million, from $956.90 million to $989.26 million in Q2 2024.

What was AWF's net investment income per share for Q2 2024?

AWF's net investment income was $0.19 per share for Q2 2024.

How did AWF's realized and unrealized gains perform in Q2 2024?

AWF reported total net realized and unrealized gains of $32.94 million ($0.38 per share) in Q2 2024.