Western Asset Municipal High Income Fund Inc. Announces Financial Position as of January 31, 2024
- Total net assets increased to $159,351,971 from $146,220,350 in the previous quarter and $157,652,338 in the prior year quarter.
- NAV per share of common stock rose to $7.36 from $6.75 in the previous quarter.
- Total net investment income saw a positive growth to $1,451,318 from $1,418,233 in the previous quarter.
- However, the market price per share decreased to $6.58 from $6.01 in the previous quarter, reflecting a discount.
- Total net realized/unrealized gain/(loss) improved to $13,083,302 but had a negative trend in the previous quarter.
- Earnings per common share outstanding showed positive growth across different categories compared to the previous quarter.
- Undistributed/(Overdistributed) net investment income also increased to $544,903 from $496,584 in the previous quarter.
- Market price per share shows a negative trend with a discount of 10.60% compared to the NAV per share.
- Total net realized/unrealized gain/(loss) had a significant negative value in the previous quarter.
- The Fund's financial data is unaudited, which may pose risks for shareholders.
- The Fund's market price per share reflects a discount, potentially impacting shareholder value negatively.
| Current Q | Previous Q | Prior Yr Q | ||||||
| January 31, 2024 | October 31, 2023 | January 31, 2023 | ||||||
| Total Net Assets (a) | $ |
159,351,971 |
$ |
146,220,350 |
$ |
157,652,338 |
||
| NAV Per Share of Common Stock (a) | $ |
7.36 |
$ |
6.75 |
$ |
7.28 |
||
| Market Price Per Share | $ |
6.58 |
$ |
6.01 |
$ |
6.74 |
||
| Premium / (Discount) |
|
(10.60)% |
|
(10.96)% |
|
(7.42)% |
||
| Outstanding Shares |
|
21,651,223 |
|
21,651,223 |
|
21,651,223 |
||
| Total Net Investment Income (b) | $ |
1,451,318 |
$ |
1,418,233 |
$ |
1,361,584 |
||
| Total Net Realized/Unrealized Gain/(Loss) (b) | $ |
13,083,302 |
$ |
(9,961,228) |
$ |
10,151,452 |
||
| Net Increase (Decrease) in Net Assets From Operations (b) | $ |
14,534,620 |
$ |
(8,542,995) |
$ |
11,513,036 |
||
| Earnings per Common Share Outstanding | ||||||||
| Total Net Investment Income (b) | $ |
0.07 |
$ |
0.07 |
$ |
0.06 |
||
| Total Net Realized/Unrealized Gain/(Loss) (b) | $ |
0.60 |
$ |
(0.46) |
$ |
0.47 |
||
| Net Increase (Decrease) in Net Assets From Operations (b) | $ |
0.67 |
$ |
(0.39) |
$ |
0.53 |
||
| Undistributed/(Overdistributed) Net Investment Income (c) | $ |
544,903 |
$ |
496,584 |
$ |
255,720 |
||
| Undistributed/(Overdistributed) Net Investment Income | ||||||||
| Per Share (c) | $ |
0.03 |
$ |
0.02 |
$ |
0.01 |
||
Footnotes: |
||
(a) |
NAVs are calculated as of the close of business on the last business day in the periods indicated above. |
|
(b) |
For the quarter indicated. |
|
(c) |
As of the date indicated above. |
|
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Western Asset Municipal High Income Fund Inc., a diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and sub-advised by Western Asset Management Company (“Western Asset”). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240320814548/en/
Media Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the total net assets of Western Asset Municipal High Income Fund Inc. (MHF) as of January 31, 2024?
How has the NAV per share of common stock changed for MHF from the previous quarter?
What is the market price per share for MHF as of January 31, 2024?
How did the total net investment income change for MHF compared to the previous quarter?
What are the earnings per common share outstanding for MHF as of January 31, 2024?
