StockNews.AI
AWF
StockNews.AI
6 days

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

1. AWF's total net assets reached $989 million, up 3.4% from June. 2. NAV per share increased to $11.47 from $11.10 in the previous quarter. 3. Net investment income rose to $16.37 million, reflecting stable performance. 4. Total net gains were $32.94 million, a turnaround from previous losses. 5. AWF maintained 86 million shares outstanding over the periods.

5 mins saved
Full Article

FAQ

Why Bullish?

Strong earnings report with increased NAV positively reflects AWF's performance.

How important is it?

Earnings report significantly indicates the fund’s financial health and growth prospects.

Why Short Term?

Immediate investor sentiment may improve due to positive earnings and asset growth.

Related Companies

AWF
, /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. SOURCE AllianceBernstein Global High Income Fund, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News