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AllianceBernstein Global High Income Fund Announces Special Distribution

On December 6, 2024, the AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) confirmed a special income distribution for its stockholders. The distribution, set at $0.0156 per share of common stock, is aimed at addressing the fund's compliance with the Internal Revenue Code's minimum distribution requirements for the year 2024.

This one-time distribution is particularly significant for shareholders, as it allows them to receive this amount before the tax year concludes. The total distribution of $0.0156 will be credited to shareholders who are on record as of the close of business on December 19, 2024. Notably, the ex-date for this distribution is also scheduled for December 19, 2024, meaning that anyone purchasing shares after this date will not be eligible for this distribution.

Key Details of the Special Distribution

• - Distribution Amount: $0.0156 per share
• - Payable Date: January 17, 2025
• - Record Date: December 19, 2024
• - Ex-Date: December 19, 2024

This special distribution is significant due to its implications for the fund's federal income tax obligations. It ensures that shareholders can account for the income received in the 2024 tax year, thereby optimizing their tax positions. The distribution is viewed as a necessary step for the fund to align with IRS regulations governing investment companies, particularly those limitations regarding minimum payout amounts.

The AllianceBernstein Global High Income Fund is known for its closed-end investment structure, managed by AllianceBernstein L.P., a recognized leader in investment management. Their approach to high-income investment strategies is designed to provide shareholders with steady income and potential growth through a diversified portfolio.

Such actions are part of AllianceBernstein’s broader commitment to delivering value to its investors, reinforcing trust and transparency in its financial dealings. Investors generally appreciate such efforts, especially in a landscape where income-generating investments are increasingly sought after.

In light of this announcement, shareholders are encouraged to consider their investment strategies and how such distributions may impact their overall return on investment. The fund's management continues to focus on optimizing portfolio performance and ensuring compliance with financial regulations, enabling it to uphold its reputation and meet shareholder expectations.

For detailed questions regarding how this distribution may influence individual tax situations or portfolio management, investors are advised to consult with their financial advisors.

This special distribution marks an important day for both AllianceBernstein and its investors, highlighting the company’s proactive stance in managing its investment obligations while keeping shareholders informed and satisfied.