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

Boston, Massachusetts, March 1, 2016 -- The New America High Income Fund, Inc. (the "Fund") (NYSE: HYB) announced today that it will pay a dividend of $.06 per share on the company's common stock on March 31, 2016 to common shareholders of record as of the close of business on March 17, 2016. The ex-dividend date will be March 15th.

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

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 September 30, 2015, T. Rowe Price and its affiliates managed approximately $725.5 billion of assets, including approximately $19 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

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