REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Board of Directors and Shareholders
The New America High Income Fund, Inc.
Boston, Massachusetts
In planning and performing our audit of the financial statements of The New America High Income Fund
(the "Fund"), as of and for the year ended December 31, 2018, in accordance with the standards of the
Public Company Accounting Oversight Board (United States), we considered the Fund's internal control
over financial reporting, including controls over safeguarding securities, as a basis for designing our
auditing procedures for the purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such
opinion.
The management of the Fund is responsible for establishing and maintaining effective internal control
over financial reporting. In fulfilling this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of controls. A Fund's internal control over
financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. A Fund's internal control over financial reporting includes
those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the assets of the Fund; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting principles, and that receipts and
expenditures of the Fund are being made only in accordance with authorizations of management and
directors of the Fund; and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a Fund's assets that could have a material effect on the
financial statements.
Because of inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the
risk that controls may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design or operation of a control
does not allow management or employees, in the normal course of performing their assigned functions, to
prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of
deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a
material misstatement of the Fund's annual or interim financial statements will not be prevented or
detected on a timely basis.
Board of Directors and Shareholders
The New America High Income Fund, Inc.
Page Two
Our consideration of the Fund's internal control over financial reporting was for the limited purpose
described in the first paragraph and would not necessarily disclose all deficiencies in internal control that
might be material weaknesses under standards established by the Public Company Accounting Oversight
Board (United States). However, we noted no deficiencies in the Fund's internal control over financial
reporting and its operation, including controls over safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 2018.
This report is intended solely for the information and use of management, the Board of Directors of
The New America High Income Fund and the Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than these specified parties.
TAIT, WELLER & BAKER LLP
Philadelphia, Pennsylvania
February 15, 2019