EXHIBIT K16
DEUTSCHE BANK TRUST COMPANY AMERICAS
00 XXXX XXXXXX
XXX XXXX, XXX XXXX 00000
October__, 2003
To: The New America High Income Fund, Inc.
00 Xxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Ladies and Gentlemen:
Reference is hereby made to that certain Auction Agent Agreement, dated as
of May 6, 1997 (the "Agreement"), between The New America High Income Fund,
Inc., a Maryland corporation (the "Fund"), and Deutsche Bank Trust Company
Americas, as successor to Bankers Trust Company (the "Auction Agent"). The
Agreement states that the Fund desires that the Auction Agent perform certain
services upon the terms and subject to the conditions of the Agreement and
provides that the Fund may in the future designate additional series of Auction
Term Preferred Stock of the Fund (the "ATP").
This letter will confirm that the Fund desires that and the Auction Agent
agrees to perform certain duties with respect to the 1,200 additional shares of
the Fund's Auction Term Preferred Stock Series C that the Fund proposes to
issue, as well as with respect to the existing shares of Series A ATP, Series B
ATP, Series C ATP and Series D ATP, upon the terms and subject to the conditions
set forth in the Agreement.
Very truly yours,
DEUTSCHE BANK TRUST COMPANY
AMERICAS
By:
-----------------------------
Name:
Title:
ACKNOWLEDGED AND ACCEPTED:
THE NEW AMERICA HIGH INCOME
FUND, INC.
By:
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Name:
Title:
