591,659 Shares in AllianceBernstein Global High Income Fund, Inc. $AWF Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 591,659 shares of AllianceBernstein Global High Income Fund in the second quarter, valued at approximately $6.1 million and representing a 0.69% stake.
• Director Emilie Wrapp purchased 3,432 shares at an average price of $10.19, increasing her holdings by 143.4%; insiders collectively own 1.0% of the fund.
• AWF opened at $9.77, near its one-year low, while maintaining a monthly dividend of $0.0655 per share, equivalent to an annualized yield of approximately 8.0%.

Bank of America Corp DE acquired a new position in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 591,659 shares of the closed-end fund's stock, valued at approximately $6,094,000. Bank of America Corp DE owned 0.69% of AllianceBernstein Global High Income Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at about $173,000. Procyon Advisors LLC bought a new stake in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at approximately $335,000. Global Retirement Partners LLC bought a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at $398,000. Finally, Everstar Asset Management LLC grew its holdings in shares of AllianceBernstein Global High Income Fund by 22.9% in the 1st quarter. Everstar Asset Management LLC now owns 41,713 shares of the closed-end fund's stock worth $424,000 after purchasing an additional 7,763 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Emilie Wrapp bought 3,432 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $10.19 per share, with a total value of $34,972.08. Following the completion of the purchase, the director owned 5,825 shares in the company, valued at approximately $59,356.75. The trade was a 143.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company's stock.

AllianceBernstein Global High Income Fund Stock Down 0.1%

NYSE AWF opened at $9.77 on Monday. The company has a 50 day moving average of $10.07 and a 200-day moving average of $10.17. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.70 and a 1-year high of $11.28.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 1st will be paid a $0.0655 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.0%.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund, Inc NYSE: AWF is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund's portfolio management and research capabilities.

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