Malik Fahd, Vice President and Portfolio Manager at AllianceBernstein (NYSE:AB) Global High Income Fund Inc. (NYSE:AWF), recently acquired 800 shares of the company's common stock. The purchase, executed on December 24, 2024, totaled approximately $8,535, with each share priced at $10.6694. The fund, currently valued at $919 million, offers a notable 7.5% dividend yield and trades at an attractive P/E ratio of 6.1. InvestingPro analysis reveals the fund has maintained dividend payments for 32 consecutive years.
Following this transaction, Fahd directly owns 3,479 shares of the fund's common stock. The filing also corrected previous errors regarding stock ownership reported in an earlier Form 4 filed on April 8, 2024. It clarified that Fahd's spouse directly owns 4,500 shares, although Fahd disclaims beneficial ownership of these securities. InvestingPro data shows the fund maintains a "GREAT" overall financial health score, with particularly strong profitability metrics. Subscribers can access additional insights and 4 more exclusive ProTips about AWF's financial position.
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