Western Asset Global High Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "EHI”, announced today monthly distributions of $0.0875per common share for December 2009 and January and February 2010. The Fund had previously paid a monthly distribution of $0.0850 per common share.
The distribution schedule appears below:
| Month | Ex-Date | Record Date | Payable Date | Amount | Type | |||||
| December | 12/16/2009 | 12/18/2009 | 12/28/2009 | $0.0875 | Income | |||||
| January | 01/20/2010 | 01/22/2010 | 01/29/2010 | $0.0875 | Income | |||||
| February | 02/17/2010 | 02/19/2010 | 02/26/2010 | $0.0875 | Income |
The increase in the Fund's monthly distribution rate reflects the additional income available to the portfolio as a result of recent changes in sector allocations that, in the opinion of the Fund's investment manager, offer greater relative value and income potential than was previously available. The new distribution rate better reflects the income currently generated by the portfolio.
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2010 and early 2011, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the respective prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).
Western Asset Global High Income Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.
Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.leggmason.com/cef.
All data and commentary provided within this press release is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of the Fund. The Fund's common shares are traded on the New York Stock Exchange.
Contacts:
Legg Mason & Co., LLC
Brenda Grandell, 212-857-8087
Director,
Closed-End Funds
