N-8F 1 tm2525918d2_n8f.htm N-8F

United States
Securities and Exchange Commission

Form N-8F

Application for Deregistration of Certain Registered Investment Companies.

General Identifying Information

Reason fund is applying to deregister (check only one; for descriptions, see Instruction 1 above):

[x] Merger

[ ] Liquidation

[ ] Abandonment of Registration

(Note: Abandonments of Registration answer only questions 1 through 15, 24 and 25 of this form and complete verification at the end of the form.)

[ ] Election of status as a Business Development Company

(Note: Business Development Companies answer only questions 1 through 10 of this form and complete verification at the end of the form.)

Name of Fund: The New America High Income Fund, Inc. (the “Fund”)

Securities and Exchange Commission File No.: 811-05399

Is this an initial Form N-8F or an amendment to a previously filed Form N-8F?

[x] Initial Application

[ ] Amendment

Address of Principal Executive Office (include No. & Street, City, State, Zip Code):

33 Broad Street
Boston, MA 02109

Name, address, and telephone number of individual the Commission staff should contact with any questions regarding this form:

Ellen E. Terry
33 Broad Street
Boston, MA 02109
781-944-5431

Name, address and telephone number of individual or entity responsible for maintenance and preservation of fund records in accordance with rules 31a-1 and 31a-2 under the Act [17 CFR 270.31a-l, .31a-2]:

T. Rowe Price Associates, Inc. (records related to its function as investment advisor)
100 East Pratt Street
Baltimore, Maryland 21202

State Street Corporation (records related to its function as custodian)
One Congress Street
Boston, Massachusetts 02111

Gryphon 17, LLC (records related to its function as administrator)
3000 Auburn Drive, Suite 410
Beachwood, OH 44122

Equiniti Trust Company (records related to its function as transfer agent)
P.O. Box 922
Wall Street Station
New York, NY 10038

Tait, Weller & Baker LLP (records related to its function as independent public accountants for the fund)
50 South 16th Street, Suite 2900
Philadelphia, PA 19102

Ellen E. Terry (records related to her function as fund officer)
33 Broad Street
Boston, MA 02109
781-944-5431

Note: Once deregistered, a fund is still required to maintain and preserve the records described in rules 31a-l and 31a-2 for the periods specified in those rules.

Classification of fund (check only one):

[x] Management company;

[ ] Unit investment trust; or

[ ] Face-amount certificate company.

Subclassification if the fund is a management company (check only one)

[ ] Open-end

[x] Closed-end

10.

State law under which the fund was organized or formed (e.g., Delaware, Massachusetts): Maryland

11.

Provide the name and address of each investment adviser of the fund (including sub-advisers) during the last five years, even if the fund’s contracts with those advisers have been terminated:

T. Rowe Price Associates, Inc.
100 East Pratt Street
Baltimore, Maryland 21202

12.

Provide the name and address of each principal underwriter of the fund during the last five years, even if the fund’s contracts with those underwriters have been terminated:

N/A

13.

If the fund is a unit investment trust (“UIT”) provide:

(a) Depositor’s name(s) and addressees):

(b) Trustee’s name(s) and address(es):

14.

Is there a UIT registered under the Act that served as a vehicle for investment in the fund (e.g., an insurance company separate account)?

[ ] Yes

[x] No

If Yes, for each UIT state:

Name(s):

File No.: 811-________

Business Address:

15.

(a) Did the fund obtain approval from the board of directors concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

[x] Yes

[ ] No

If Yes, state the date on which the board vote took place: August 8, 2024

If No, explain:

(b) Did the fund obtain approval from the shareholders concerning the decision to engage in a Merger, Liquidation or Abandonment of Registration?

[x] Yes

[ ] No

If Yes, state the date on which the shareholder vote took place: November 20, 2024

If No, explain:

II.

Distributions to Shareholders

16.

Has the fund distributed any assets to its shareholders in connection with the Merger or Liquidation?

[x] Yes

[ ] No

(a) If Yes, list the date(s) on which the fund made those distributions:

On March 31, 2025, the Fund distributed Investor Class shares of the T. Rowe Price High Yield Fund, a series of the T. Rowe Price High Yield Fund, Inc., received in connection with the Merger, to the Fund’s shareholders.

(b) Were the distributions made on the basis of net assets?

[x] Yes

[ ] No

[x] Yes

[ ] No

(d) If No to (b) or (c) above, describe the method of distributions to shareholders. For Mergers, provide the exchange ratio(s) used and explain how it was calculated:

(e) Liquidations only:

Were any distributions to shareholders made in kind?

[ ] Yes

[ ] No

If Yes, indicate the percentage of fund shares owned by affiliates, or any other affiliation of shareholders:

17.

Closed-end funds only:

Has the fund issued senior securities?

[ ] Yes

[x] No

If Yes, describe the method of calculating payments to senior securityholders and distributions to other shareholders:

18.

Has the fund distributed all of its assets to the fund’s shareholders?

[x] Yes

[ ] No

If No,

(a) How many shareholders does the fund have as of the date this form is filed?

(b) Describe the relationship of each remaining shareholder to the fund:

19.

Are there any shareholders who have not yet received distributions in complete liquidation of their interests?

[ ] Yes

[x] No

If Yes, describe briefly the plans (if any) for distributing to, or preserving the interests of, those shareholders:

III.

Assets and Liabilities

20.

Does the fund have any assets as of the date this form is filed? (See question 18 above)

[ ] Yes

[x] No

If Yes,

(a) Describe the type and amount of each asset retained by the fund as of the date this form is filed:

(b) Why has the fund retained the remaining assets?

[ ] Yes

[ ] No

21.

Does the fund have any outstanding debts (other than face-amount certificates if the fund is a face-amount certificate company) or any other liabilities?

[ ] Yes

[x] No

If Yes,

(a) Describe the type and amount of each debt or other liability:

(b) How does the fund intend to pay these outstanding debts or other liabilities?

IV.

Information About Event(s) Leading to Request For Deregistration

22.

(a) List the expenses incurred in connection with the Merger or Liquidation:

(i)	Legal expenses:	$459,672
(ii)	Accounting expenses:	$ 2,500
(iii)	Other expenses (list and identify separately):
	Printing, mailing, and solicitation:	$ 91,548

	Service Provider Contract Termination Fees	$ 60,373
	State Securities Filings	$ 500
	Insurance Premiums	$216,883

(iv)

Total expenses (sum of lines (i)-(iii) above):

$831,476

(b) How were those expenses allocated?

The total expenses in Item 22(a) were allocated to the Fund.

The Fund paid the expenses.

(d) How did the fund pay for unamortized expenses (if any)?

There were no unamortized expenses.

23.

Has the fund previously filed an application for an order of the Commission regarding the Merger or Liquidation?

[ ] Yes

[x] No

If Yes, cite the release numbers of the Commission’s notice and order or, if no notice or order has been issued, the file number and date the application was filed:

Conclusion of Fund Business

24.

Is the fund a party to any litigation or administrative proceeding?

[ ] Yes

[x] No

If Yes, describe the nature of any litigation or proceeding and the position taken by the fund in that litigation:

25.

Is the fund now engaged, or intending to engage, in any business activities other than those necessary for winding up its affairs?

[ ] Yes

[x] No

If Yes, describe the nature and extent of those activities:

VI.

Mergers Only

26.

(a) State the name of the fund surviving the Merger:

T. Rowe Price High Yield Fund, a series of the T. Rowe Price High Yield Fund, Inc.

(b) State the Investment Company Act file number of the fund surviving the Merger:

811-04119.

(c) If the merger or reorganization agreement has been filed with the Commission, state the file number(s), form type used and date the agreement was filed:

The Form of Agreement and Plan of Reorganization was filed with the Commission on Form 497 (File No.: 333-281597) on October 2, 2024 as Exhibit A to the Combined Proxy Statement and Prospectus.

(d) If the merger or reorganization agreement has not been filed with the Commission, provide a copy of the agreement as an exhibit to this form.

Verification

The undersigned states that (i) she has executed this Form N-8F application for an order under section 8(f) of the Investment Company Act of 1940 on behalf of The New America High Income Fund, Inc., (ii) she is the President of the Fund, and (iii) all actions by shareholders, directors, and any other body necessary to authorize the undersigned to execute and file this Form N-8F application have been taken. The undersigned also states that the facts set forth in this Form N-8F application are true to the best of her knowledge, information, and belief.

	/s/ Ellen E. Terry
	Ellen E. Terry, President