Western Asset Municipal High Income Fund Inc. Announces Earnings Results for the Quarter Ended July 31, 2020
September 29, 2020 at 01:00 pm
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Western Asset Municipal High Income Fund Inc. announced earnings results for the quarter ended July 31, 2020. For the quarter, the company reported NAV Per Share of Common Stock $7.93 against $8.00 a year ago. Total Net Investment Income was $1,474,616 against $1,651,661 a year ago. Total Net Realized/Unrealized Gain was $11,346,827 against $2,740,940 a year ago. Total Net Investment Income per share was $0.07 against $0.08 a year ago. Total Net Realized/Unrealized Gain per share was $0.52 against $0.13 a year ago.
Western Asset Municipal High Income Fund Inc. is a diversified, closed-end management investment company. The Fundâs investment objective is to seek high current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing primarily in intermediate-and long-term municipal debt securities issued by state and local governments (municipal obligations). However, the Fund may invest in municipal obligations of any maturity. The Fund may invest up to 100% of its assets in municipal obligations rated below investment grade (junk bonds). The Fund's portfolio of investments includes transportation, industrial, healthcare, leasing, water and sewer, special tax, local general obligation, education, other, and cash and cash equivalents. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager and Western Asset Management Company, LLC (Western Asset) is the Fund's subadvisor.
WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. 
