Global High Income Fund announces increased distribution of USD0.0717 per share for August.
M2 EQUITYBITES-August 11, 2015-Global High Income Fund announces increased distribution of USD0.0717 per share for August
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The board of directors of Global High Income Fund Inc (NYSE:GHI) approved a regular monthly distribution of USD0.0717 per share, increased from the prior year, the company declared on Tuesday.
The distribution will be paid on 31 August 2015 to shareholders of record as of 20 August 2015 and the ex-distribution date is 18 August 2015. Also, the company's board increased the annual distribution rate to 9% as of the June 2015 monthly distribution. The prior rate of 6% had been in effect from June last year to May 2015.
A non-diversified, closed-end management investment company seeking high current income and capital appreciation, the company has investments in corporate bonds, non-US government obligations, short-term investments, structured notes, cash and other assets.
The fund's investment adviser and administrator is UBS Global Asset Management (Americas) Inc.
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|Publication:||M2 EquityBites (EQB)|
|Article Type:||Financial report|
|Date:||Aug 11, 2015|
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