Western Asset Municipal High Income Fund Inc. Reports Unaudited Earnings Results for the Period Ended January 31, 2016
May 05, 2016 at 02:00 pm
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Western Asset Municipal High Income Fund Inc. reported unaudited earnings results for the period ended January 31, 2016. NAV per share of common stock was $8.07 against $8.19 a year ago. Total net investment income was $1,637,751 or $0.08 per share against $2,070,101 or $0.17 per share a year ago. Total net realized/unrealized gain was $2,252,353 or $0.10 per share against $1,502,711 or $0.07 per share a year ago. Net increase in net assets from operations was $3,890,104 or $0.01 per share against $3,572,812 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. 
