AllianceBernstein Global High Income Fund Announces Earnings Results for the Second Quarter Ended September 30, 2017
November 24, 2017 at 02:45 pm
Share
AllianceBernstein Global High Income Fund Inc. announced earnings results for the second quarter ended September 30, 2017. For the second quarter, the company reported total net investment income was $15,257,853 or $0.17 per share compared to $17,500,769 or $0.20 per share a year ago. Total net realized/unrealized gain was $10,582,326 or $0.13 per share compared to $43,098,471 or $0.51 per share a year ago.
AllianceBernstein Global High Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks high current income and secondarily capital appreciation. The Fund invests primarily (and without limit) in corporate debt securities from United States (US) and non-US issuers, as well as government bonds from both developing and developed countries. It also invests in debt securities denominated in United States dollars or non-US currencies. The Fundâs portfolio consists of non-investment grade, collateralized mortgage obligations, governments treasuries, commercial mortgage-backed securities, bank loans, whole loan trusts, common stocks, and governments sovereign agencies. The Fund invests in various sectors, which include energy, services, technology, transportation-airlines, transportation-services, banking, brokerage, insurance, real estate investment trusts, utility, natural gas, and others. AllianceBernstein L.P. is the adviser of the Fund.