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Gershon M. Distenfeld, Vice President at AllianceBernstein (NYSE:AB) Global High Income Fund Inc. (NYSE:AWF), recently acquired additional shares of the company's common stock. On January 15, 2025, Distenfeld purchased a total of 1,414 shares, with transaction prices ranging from $10.735 to $10.739 per share, amounting to a total investment of $15,181. The $928 million market cap fund, which boasts a robust 7.5% dividend yield and maintains an impressive "GREAT" financial health score according to InvestingPro, has sustained dividend payments for 33 consecutive years.
The transactions involved two separate purchases: one for 755 shares at $10.735 each, and another for 659 shares at $10.739 each. This acquisition increases Distenfeld's total shareholding to 16,012.6182 shares. Trading at a P/E ratio of 6.15, the fund has demonstrated strong performance with a 14% return over the past year. InvestingPro subscribers can access additional insights and metrics about AWF's valuation and performance outlook.
It is noteworthy that a portion of the shares purchased was done through an individual retirement account held by Distenfeld's wife, over which he has investment discretion. However, Distenfeld disclaims beneficial ownership of these specific securities.
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