Landscape Capital Management L.L.C. Takes Position in AllianceBernstein Global High Income Fund, Inc. $AWF

Key Points

• Landscape Capital Management acquired 233,019 shares of AllianceBernstein Global High Income Fund (AWF) during the second quarter, valued at approximately $2.4 million and representing a 0.27% stake.
• AWF shares opened at $10.13, near their 50-day average of $10.16 and 200-day average of $10.26, with a 52-week range of $9.85 to $11.43.
• The fund paid a monthly dividend of $0.0655 per share, equating to an annualized yield of approximately 7.8%; director Emilie D. Wrapp also increased her holdings by purchasing 3,432 shares.

Landscape Capital Management L.L.C. purchased a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 233,019 shares of the closed-end fund's stock, valued at approximately $2,400,000. Landscape Capital Management L.L.C. owned 0.27% of AllianceBernstein Global High Income Fund as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWF. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund in the first quarter worth approximately $25,000. CWM LLC boosted its position in AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund's stock valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Advisory Services Network LLC bought a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $47,000. Kestra Private Wealth Services LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter valued at $113,000. Finally, Dumont & Blake Investment Advisors LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at $152,000.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE AWF opened at $10.13 on Friday. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.85 and a 1-year high of $11.43. The business has a fifty day moving average price of $10.16 and a 200 day moving average price of $10.26.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 21st. Shareholders of record on Thursday, August 6th were paid a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date was Thursday, August 6th.

Insider Buying and Selling

In other news, Director Emilie D. Wrapp bought 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction on Tuesday, July 21st. The stock was acquired at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the acquisition, the director owned 5,825 shares of the company's stock, valued at $59,356.75. This trade represents a 143.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund NYSE: AWF is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.

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