Western Asset Global High Inc - EHI STOCK NEWS

Western Asset Global High Income Fund Inc. (NYSE: EHI) has released its financial position as of August 31, 2024. The Fund reported total assets of $256,184,509 and total net assets of $165,685,669. The Net Asset Value (NAV) per share stood at $7.29, with a market price of $7.09, representing a discount of 2.74%. Total net investment income for the quarter was $3,258,273, while total net realized/unrealized gain was $4,215,730. The Fund's outstanding shares remained steady at 22,724,807, with a loan outstanding of $70,000,000 and reverse repurchase agreements of $18,083,398.

Western Asset Global High Income Fund Inc. (NYSE: EHI) announced the results of its annual meeting of stockholders held on October 18, 2024. Nisha Kumar and Jane Trust were elected as Class II Directors to serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending May 31, 2025.

The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, and its foreign-based affiliates. Both management companies are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating as Franklin Templeton.

Western Asset Global High Income Fund Inc. (NYSE: EHI) has announced the final results of its transferable rights offering. The offer expired on October 8, 2024, with a final subscription price of $6.60 per share, equal to 90% of the Fund's net asset value per share at the close of trading on that day. The offering will result in the issuance of 7,574,935 new shares of common stock, with expected gross proceeds of approximately $50.0 million.

The new shares are expected to be issued around October 16, 2024. EHI will return any excess payments to subscribing investors. The Fund cautioned that closed-end investment companies often trade at a discount from their net asset value, and that market price is influenced by various factors beyond the Fund's control.

Western Asset Global High Income Fund Inc. (NYSE: EHI) has completed its transferable rights offering, which expired on October 8, 2024. The offer was oversubscribed and is expected to result in the issuance of 7,574,935 shares of common stock, generating anticipated gross proceeds of approximately $50.0 million. The subscription price per share is $6.60, equal to 90% of the Fund's net asset value per share at the close of trading on the expiration date.

The Fund issued one transferable right for each common share held by stockholders of record as of September 9, 2024. Holders could purchase shares by submitting three rights and the subscription price per share. The new shares are expected to be issued around October 15, 2024, after completing the allocation of oversubscription shares and receiving all shareholder payments.

Western Asset Global High Income Fund Inc. (NYSE: EHI) has announced a transferable rights offering to acquire additional shares of common stock. The offer aims to benefit the Fund and its stockholders by increasing assets, potentially improving the expense ratio, and enhancing stock liquidity. Key terms include:

- One transferable right for each share held on September 9, 2024
- Three rights plus subscription price required to purchase one additional share
- Subscription price set at 92.5% of average last reported sales price over 5 days
- Over-subscription privilege for record date stockholders
- Rights expected to trade on NYSE from September 6, 2024
- Offer expires on October 8, 2024

The final terms will be detailed in a prospectus supplement and accompanying prospectus.

Western Asset Global High Income Fund (NYSE: EHI) announces updates to its portfolio management team, effective June 3, 2024. The new team comprises Michael Buchanan, Ryan Brist, Ian Edmonds, Walter Kilcullen, and Christopher Kilpatrick. Concurrently, Chia-Liang (CL) Lian will no longer serve as a portfolio manager. The Fund's shares, traded on the NYSE, are subject to market fluctuations and may trade at a discount to their net asset value, increasing investment risk. This announcement is purely informational, and Franklin Resources and its affiliates do not sell shares of the Fund.

For more details, investors can contact Fund Investor Services at 1-888-777-0102 or visit the Fund's website.

Western Asset Global High Income Fund Inc. (EHI) disclosed its financial position as of February 29, 2024, showing total assets of $247.87 million, total net assets of $167.37 million, NAV per share of $7.37, and market price per share of $7.08. The fund reported total net investment income of $3.43 million and a net increase in net assets from operations of $9.11 million. Despite a slight decrease in market price, the fund showcased a positive financial performance.

Franklin Resources announces changes in the portfolio management team overseeing the Fund effective March 1, 2024. The named team members are Michael Buchanan, Ryan Brist, Ian Edmonds, Walter Kilcullen, Christopher Kilpatrick, and Chia-Liang (CL) Lian. The press release emphasizes that the data and commentary provided are for informational purposes only, and Franklin Resources and its affiliates do not sell shares of the Fund.

Western Asset Global High Income Fund Inc. (NYSE: EHI) announced its financial position as of August 31, 2023. Total assets increased to $244,936,597 from $240,913,912 in the previous quarter. Total net assets also increased to $166,104,680 from $162,068,733. NAV per share of common stock rose to $7.31 from $7.14. Market price per share increased to $7.22 from $6.65. The fund reported a premium of 1.23% and outstanding shares of 22,715,572. Total net investment income decreased to $3,714,273 from $3,855,772. Total net realized/unrealized gain/loss amounted to $4,819,972. Net assets from operations increased to $8,534,245. Earnings per common share outstanding were $0.16 for total net investment income, $0.21 for total net realized/unrealized gain/loss, and $0.37 for net increase in net assets from operations. Undistributed/overdistributed net investment income was -$3,046,646. Loan outstanding remained at $70,000,000 and reverse repurchase agreements at $6,642,895.