CERTIFICATE
NO.
FOR -1,200- SHARES
ISSUED TO
Cede & Co.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
DATED October , 2003
FROM WHOM TRANSFERRED
--------------------------------------------------------------------------------
DATED ______________, 20____
NO. ORIGINAL NO. ORIGINAL NO. OF SHARES
CERTIFICATE SHARES TRANSFERRED
RECEIVED CERTIFICATE NO. ___________________
FOR ___________ SHARES THIS ________________
DAY OF _________________________, 20________
____________________________________________
____________________________________________
[BORDER LOGO]
Incorporated Under the Laws of the State of Maryland
NO. -02- [EAGLE LOGO] -1,200- SHARES
THE NEW AMERICA HIGH INCOME FUND, INC.
The corporation is authorized to issue 3,200 shares of Auction Term
Preferred Stock Series C
$1.00 Par Value
CUSIP NO. ▇▇▇▇▇▇▇▇▇
THIS CERTIFIES THAT Cede & Co. IS THE OWNER OF One thousand two hundred
(1,200) fully paid and non-assessable SHARES OF THE Auction Term Preferred
Stock Series C of
THE NEW AMERICA HIGH INCOME FUND, INC.
TRANSFERABLE ONLY ON THE BOOKS OF THE CORPORATION BY THE HOLDER HEREOF IN
PERSON OR BY ATTORNEY UPON SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED.
IN WITNESS WHEREOF, THE SAID CORPORATION HAS CAUSED THIS CERTIFICATE TO BE
SIGNED BY ITS DULY AUTHORIZED OFFICERS AND ITS CORPORATE SEAL TO BE HEREUNTO
AFFIXED THIS ___th DAY OF October A.D. 2003
DEUTSCHE BANK TRUST COMPANY AMERICAS
_________________ _______________________ BY: ____________________
VICE PRESIDENT ASSISTANT SECRETARY AUTHORIZED SIGNATURE
[CORPORATE SEAL LOGO]
SHARES $1.00 PAR VALUE EACH
-C- GOE3 196
RESTRICTIONS ON TRANSFER
This certificate is issued subject to the provisions restricting transfers
of shares of Series C Auction Term Preferred Stock contained in the Articles
Supplementary establishing the Series C Auction Term Preferred Stock of the
Corporation. A copy of the Articles Supplementary establishing the Series C
Auction Term Preferred Stock setting forth the restrictions on transfer will be
furnished to the stockholder upon request and without charge.
STATEMENT OF PREFERENCES, LIMITATIONS, AND RIGHTS
The Corporation is authorized to issue multiple classes and series of stock,
including Common Stock and Auction Term Preferred Stock Series A, Series B,
Series C and Series D. The Corporation will furnish a full statement of the
designations, preferences, rights, voting powers, restrictions, limitations as
to dividends, qualifications and terms and conditions of redemption of each
class and series of stock which the Corporation is authorized to issue and of
the authority of the Board of Directors to set the relative rights and
preferences of subsequent series to the stockholder upon request and without
charge.
RESTRICTIONS ON TRANSFER
This certificate is issued subject to the provisions restricting transfers
of shares of Series C Auction Term Preferred Stock contained in the Articles
Supplementary establishing the Series C Auction Term Preferred Stock of the
Corporation. A copy of the Articles Supplementary establishing the Series C
Auction Term Preferred Stock setting forth the restrictions on transfer will be
furnished to the stockholder upon request and without charge.
STATEMENT OF PREFERENCES, LIMITATIONS, AND RIGHTS
The Corporation is authorized to issue multiple classes and series of stock,
including Common Stock and Auction Term Preferred Stock Series A, Series B,
Series C and Series D. The Corporation will furnish a full statement of the
designations, preferences, rights, voting powers, restrictions, limitations as
to dividends, qualifications and terms and conditions of redemption of each
class and series of stock which the Corporation is authorized to issue and of
the authority of the Board of Directors to set the relative rights and
preferences of subsequent series to the stockholder upon request and without
charge.
[BORDER LOGO]
CERTIFICATE
-1,200-
SHARES
OF THE
CAPITAL STOCK
AUCTION TERM
PREFERRED
STOCK SERIES C
OF
THE NEW AMERICA
HIGH INCOME FUND, INC.
ISSUED TO
CEDE & CO.
DATE
OCTOBER ___, 2003
FOR VALUE RECEIVED, ________________ HEREBY SELL, ASSIGN, AND TRANSFER
UNTO ________________________________________________________________ SHARES OF
THE CAPITAL STOCK REPRESENTED BY THE WITHIN CERTIFICATE, AND DO HEREBY
IRREVOCABLY CONSTITUTE AND APPOINT ________________________________, ATTORNEY
TO TRANSFER THE SAID STOCK ON THE BOOKS OF THE WITHIN NAMED CORPORATION WITH
FULL POWER OF SUBSTITUTION IN THE PREMISES,
NOTICE. THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS
WRITTEN ON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, ? ALTERATION OR
ENLARGEMENT, OR ANY CHANGE ?