BOSTON, MA--(MARKET WIRE)--Dec 1, 2008 -- The New America High Income Fund, Inc. (the "Fund") (NYSE:HYB - News) announced today that it will pay a dividend of $.013 per share on the company's common stock on December 31, 2008 to common shareholders of record as of the close of business on December 17, 2008. The ex-dividend date will be December 15th.

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, 2008 T. Rowe Price and its affiliates managed approximately $345 billion of assets, including approximately $10.4 billion of "high yield" investments. T. Rowe Price has provided investment advisory services to investment companies since 1937.

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