For Immediate Release

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

THE NEW AMERICA HIGH INCOME FUND, INC. DECLARES DIVIDEND AND APPOINTS DIRECTOR

Boston, Massachusetts, September 3, 2013 -- 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 September 30, 2013 to common shareholders of record as of the close of business on September 16, 2013. The ex-dividend date will be September 12th.

The Fund has released updated portfolio data which can be found on the Fund's web site at www.newamerica-hyb.com.

The Fund also announced that Oleg M. Pohotsky was appointed to the Board of Directors effective September 1, 2013. Mr. Pohotsky has many years of experience in the investment management and investment banking industries, including ongoing service on the boards of trustees of other NYSE-listed registered closed-end funds organized as investment trusts.

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 June 30, 2013, T. Rowe Price and its affiliates managed approximately $614 billion of assets, including approximately $20 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

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