Welcome to our dedicated page for Western Asset Municipal High Income Fund news (Ticker: MHF), a resource for investors and traders seeking the latest updates and insights on Western Asset Municipal High Income Fund stock.
Western Asset Municipal High Income Fund, Inc. (MHF) is a diversified closed-end management investment company dedicated to generating high current income exempt from federal income taxes. The firm predominantly invests in intermediate and long-term municipal debt securities issued by state and local governments. These investments are strategically chosen to provide a steady flow of tax-exempt income to shareholders while managing the risks associated with municipal bonds.
The fund is managed by Western Asset Management Company, a respected name in the investment management industry. As part of the Franklin Templeton family, following the merger with Legg Mason, Western Asset leverages extensive research, experienced portfolio managers, and a disciplined investment approach to meet its objectives.
Recent achievements include maintaining a consistent income stream for investors despite fluctuating market conditions. The fund's emphasis on high-quality municipal bonds has helped it achieve a balance between income generation and risk management.
Current projects involve diligent monitoring of the municipal bond markets and exploring new opportunities to enhance the fund's portfolio. The fund’s management team continuously evaluates the creditworthiness of the issuers and the changing economic landscape to make informed investment decisions.
The financial condition of Western Asset Municipal High Income Fund, Inc. remains robust, supported by a well-diversified portfolio and prudent risk management practices. Partnerships with state and local governments enhance the fund's ability to secure favorable investment opportunities.
Products offered by the fund include a range of municipal bonds that cater to investors seeking tax-exempt income. These bonds vary in maturity and credit quality, providing options for investors with different risk tolerances and investment horizons.
Investors interested in Western Asset Municipal High Income Fund, Inc. can stay updated with the latest news and developments through Franklin Templeton's communication channels. The fund's performance, portfolio updates, and insights into market trends are regularly shared to keep investors informed.
Western Asset Municipal High Income Fund Inc. (NYSE: MHF) has announced its financial position as of July 31, 2024. The Fund's total net assets stood at $158,106,138, with a NAV per share of $7.30. The market price per share was $7.03, representing a discount of 3.70%.
For the quarter, the Fund reported total net investment income of $1,400,527 and a total net realized/unrealized gain of $2,948,403. This resulted in a net increase in net assets from operations of $4,348,930, or $0.20 per share.
The Fund is advised by Franklin Templeton Fund Adviser, and sub-advised by Western Asset Management Company. Shareholders can access more information through the Fund's website or by calling 1-888-777-0102.
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