Exhibit K11
[CIC Letterhead]
December 11, 1996
Ms. Xxxxx Xxxxx
The New America High Income Fund, Inc.
00 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Dear Xxxxx:
Re: Contract Agreement
This agreement will confirm that Corporate Investor Communications, Inc. has
been retained to act as information agent in connection with the upcoming rights
offering to the shareholders of The New America High Income Fund, Inc. As
information agent, CIC will conduct a broker/nominee inquiry to ascertain the
number of beneficial owners, provide for the distribution of the offering
documents to the reorganization departments of each institution and forward
additional materials, as requested. CIC will respond to the volume of
shareholder inquiries regarding the terms of the offer and proper execution of
the documents and will monitor the response rate for the duration of the offer.
CIC can, if requested, pro-actively contact registered shareholders and
non-objecting beneficial owners (NOBOs) to help promote a high level of
participation.
Our fee to act as information agent based on a distribution of 15,0000 sets of
offering documents and the duration of the offer will be $7,500 plus $3.00 for
each registered and NOBO holder contacted if requested. CIC will be reimbursed
for all reasonable out-of-pocket disbursements including postage, telephone and
courier charges, data transmissions and other expenses approved by your company.
A retainer in the amount of $3,750 is required to cover initial expenses and
will be credited to your final service charges.
The company above hereby agrees to indemnify Corporate Investor Communications,
Inc.'s officers and employees against any and all losses, claims and expenses
incurred by CIC in conjunction with the services provided except to the extent
any such loss, claim or expense is the result of the negligence of any CIC
officer or employee. Reimbursement will be made to indemnified persons at the
time they are incurred. The company shall not be responsible for any losses,
claims and expenses incurred by CIC which result from CIC's gross negligence or
willful misconduct.
Please forward an executed agreement to our office and retain the other copy.
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THE NEW AMERICA HIGH INCOME FUND, INC. CORPORATE INVESTOR COMMUNICATIONS, INC.
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SIGNED: /s/ Xxxxx X. Xxxxx SIGNED: /s/ Xxxxxxxx Xxxxxxx
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NAME: Xxxxx X. Xxxxx NAME: Xxxxxxxx Xxxxxxx
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TITLE: Vice President and Treasurer TITLE: Vice President, Solicitation Group
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DATE: December 18, 1996 DATE: December 11, 1996
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