Michael Downey Buys 3,000 Shares of AllianceBernstein Global Hgh Incm Fd Inc (AWF) Stock

AllianceBernstein Global Hgh Incm Fd Inc (NYSE:AWF) Director Michael Downey acquired 3,000 shares of the stock in a transaction dated Tuesday, October 30th. The shares were bought at an average price of $11.10 per share, with a total value of $33,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:AWF opened at $11.02 on Friday. AllianceBernstein Global Hgh Incm Fd Inc has a 12 month low of $10.97 and a 12 month high of $12.97.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be issued a dividend of $0.0699 per share. The ex-dividend date is Thursday, November 1st. This represents a $0.84 annualized dividend and a dividend yield of 7.61%.

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 9.9% during the second quarter. Bank of America Corp DE now owns 1,058,864 shares of the closed-end fund’s stock worth $12,219,000 after purchasing an additional 95,076 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 1.8% during the first quarter. Royal Bank of Canada now owns 750,316 shares of the closed-end fund’s stock worth $8,921,000 after purchasing an additional 13,149 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 3.5% during the first quarter. Wells Fargo & Company MN now owns 348,900 shares of the closed-end fund’s stock worth $4,148,000 after purchasing an additional 11,798 shares during the last quarter. Saba Capital Management L.P. raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 18.1% during the second quarter. Saba Capital Management L.P. now owns 318,432 shares of the closed-end fund’s stock worth $3,675,000 after purchasing an additional 48,857 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 1.7% during the second quarter. Vident Investment Advisory LLC now owns 276,479 shares of the closed-end fund’s stock worth $3,191,000 after purchasing an additional 4,556 shares during the last quarter. 21.19% of the stock is owned by hedge funds and other institutional investors.

AllianceBernstein Global Hgh Incm Fd Company Profile

AllianceBernstein Global High Income Fund, Inc operates as a closed-end investment fund. Its objective is to seek high current income and secondarily-capital appreciation. It invests, without limit, in securities denominated in non-U.S. currencies as well as those denominated in the U.S. dollar. The company was founded on May 20, 1993 and is headquartered in New York, NY.

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