AllianceBernstein Global High Income Fund, Inc. Reports Earnings Results for Third Quarter Ended December 31, 2018
February 22, 2019 at 04:06 pm
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AllianceBernstein Global High Income Fund Inc. reported earnings results for the third quarter ended December 31, 2018. For the period, the company’s total net investment income was $16,525,173 or $0.19 per share against $18,073,151 or $0.21 per share a year ago. Total net realized/unrealized loss was $73,998,441 or $0.86 per share against $10,867,037 or $0.13 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.