Western Asset Municipal High Income Fund Inc. Reports Earnings Results for the Quarter Ended July 31, 2019
September 11, 2019 at 08:00 am
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Western Asset Municipal High Income Fund Inc. reported earnings results for the quarter ended July 31, 2019. For the quarter, the company reported total net investment income was $1,651,661 compared to $1,765,644 a year ago. Net Increase in net assets from operations was $4,392,601 compared to $2,686,944 a year ago. Total Net Investment Income per share was $0.08 compared to $0.08 a year ago. Net increase in net assets from operations was $0.21 compared to $0.12 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. 
