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Portfolio manager roster changed at Western Asset Global High Income Fund (NYSE: EHI)

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

Western Asset Global High Income Fund, Inc. filed a prospectus supplement updating its portfolio manager disclosures. Effective January 27, 2026, the Prospectus and SAI replace the "Investment Management Team" and portfolio manager tables with a team-based description and a list of named managers. The SAI provides manager account counts and assets as of May 31, 2025. Effective September 30, 2026, information for Christopher Kilpatrick is deleted from both the Prospectus and the SAI.

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Insights

Supplement updates portfolio manager roster, account counts, and assets under management.

The supplement formalizes a team-based investment management description and lists named portfolio managers responsible for day-to-day management. The SAI table quantifies other accounts and total assets managed by each named manager as of May 31, 2025, providing transparency on external responsibilities.

These disclosures clarify manager roles and outside-management activity; subsequent filings will show any further roster changes given the deletion of one manager effective September 30, 2026.

Prospectus supplement effective (Jan) January 27, 2026 Effective date replacing Management of the Fund section
SAI data as of May 31, 2025 Date for account counts and assets in the SAI
Prospectus supplement effective (Sept) September 30, 2026 Effective date deleting Christopher Kilpatrick from Prospectus and SAI
Michael C. Buchanan - assets in registered funds $79.48 billion Total assets managed in other registered investment companies as of May 31, 2025
Michael C. Buchanan - other pooled vehicles $47.79 billion Total assets managed in other pooled vehicles as of May 31, 2025
Ryan K. Brist - other accounts $41.46 billion Total assets managed in other accounts as of May 31, 2025
Statement of Additional Information (SAI) regulatory
""the Fund’s Statement of Additional Information ("SAI")""
Collateralized Loan Obligation (CLO) financial
"Mr. Hwang co-manages all collateralized loan obligation (CLO) portfolios"
A collateralized loan obligation (CLO) is a financial product that bundles many business loans and sells pieces of that bundle to investors, so each investor owns a slice with a different balance of risk and return. Think of it like a mixed fruit basket where some slices get the bigger, juicier fruits (higher returns and higher risk) while others get safer, smaller pieces; CLOs matter to investors because they offer a way to earn higher income than simple bonds but carry credit and market risks that affect returns and price volatility.
co-portfolio manager other
"John Hwang Western Asset ... | | Co-portfolio manager of the fund"

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FAQ

What changes did Western Asset Global High Income Fund (EHI) make in the January 27, 2026 supplement?

The supplement replaces the Prospectus "Investment Management Team" section with a team-based description and names the day-to-day portfolio managers. It also updates SAI tables listing the number of other accounts and total assets managed by each portfolio manager as of May 31, 2025.

Which portfolio managers are named in the updated Prospectus and SAI for EHI?

Named managers include Michael C. Buchanan, Ryan K. Brist, Walter Kilcullen, Ian Edmonds, John Hwang, Ryan Kohan, and Christopher F. Kilpatrick. Their roles are described as responsible for day-to-day management alongside the Fund's portfolio management team.

What account and asset information does the SAI provide for the portfolio managers?

The SAI lists counts of other managed accounts and total assets for each manager, with figures presented by category and totals such as Michael C. Buchanan managing $79.48 billion in registered investment companies as of May 31, 2025.

What change is effective September 30, 2026, in EHI's supplements?

Effective September 30, 2026, the Prospectus and SAI remove all information relating to Christopher Kilpatrick from the "Management of the Fund" and "Portfolio Managers" sections, respectively.

How does the supplement disclose portfolio managers' ownership in the Fund?

The SAI includes a "Portfolio Manager Securities Ownership" table reporting dollar-range ownership as of May 31, 2025, with each listed manager reported in range "A" (none).

Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-276304

 

 

LOGO

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

SUPPLEMENT DATED APRIL 23, 2026 TO THE

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 7, 2024

 

 

Portfolio Manager Updates Effective January 27, 2026

Effective as of January 27, 2026, the following supplements and, to the extent inconsistent with, supersedes the section entitled “Management of the Fund” in the Fund’s Prospectus (“Prospectus”) and the section entitled “Portfolio Managers” in the Fund’s Statement of Additional Information (“SAI”):

Prospectus

The information contained in “Investment Management Team” in the “Management of the Fund” section of the Prospectus is removed entirely and replaced as follows:

Investment Management Team

Set forth below is information regarding the team of professionals at Western Asset responsible for overseeing the day-to-day operations of the Fund. Western Asset utilizes a team approach, with decisions derived from interaction among various investment management sector specialists. The sector teams are comprised of Western Asset’s senior portfolio managers, research analysts and an in-house economist. Under this team approach, management of client fixed income portfolios will reflect a consensus of interdisciplinary views.

 

Name, Address and Title

  

Principal Occupation(s) During Past 5 Years

Michael C. Buchanan
Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101
   Responsible for the day-to-day management with other members of the Fund’s portfolio management team; employed by Western Asset Management as an investment professional for at least the past five years; Managing Director and head of U.S. Credit Products from 2003-2005 at Credit Suisse Asset Management.
Ryan K. Brist
Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101
   Responsible for the day-to-day management with other members of the Fund’s portfolio management team; Head of U.S. Investment Grade Credit of Western Asset since 2009; Chief Investment Officer and Portfolio Manager at Logan Circle Partners, L.P. from 2007-2009; Co-Chief Investment Officer and Senior Portfolio Manager at Delaware Investment Advisors from 2000-2007.
Christopher F. Kilpatrick
Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101
   Responsible for the day-to-day management with other members of the Fund’s portfolio management team; employed by Western Asset Management as an investment professional for at least the past five years.
Walter Kilcullen
Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101
   Responsible for the day-to-day management with other members of the Fund’s portfolio management team; employed by Western Asset Management as an investment professional since 2002.
Ian Edmonds
Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101
   Responsible for the day-to-day management with other members of the Fund’s portfolio management team; employed by Western Asset Management as an investment professional for at least the past five years.


Name, Address and Title

  

Principal Occupation(s) During Past 5 Years

John Hwang

Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101

   Co-portfolio manager of the fund; Responsible for the day-to-day management with other members of the Fund’s portfolio management team; Mr. Hwang is a member of the high-yield desk and specializes in bank loans and corporate structured credit. Mr. Hwang co-manages all collateralized loan obligation (CLO) portfolios and is responsible for all corporate-structured credit investments within Western Asset. Mr. Hwang has over 24 years of investment industry experience.

Ryan Kohan

Western Asset
385 East Colorado Blvd.
Pasadena, CA 91101

   Co-portfolio manager of the fund; Responsible for the day-to-day management with other members of the Fund’s portfolio management team; Mr. Kohan is Head of Bank Loans and has been employed by Western Asset as an investment professional for at least the past five years. Mr. Kohan has over 17 years of investment industry experience.

Additional information about the portfolio managers’ compensation, other accounts managed by them and other information is provided in the SAI.

SAI

The information contained in the table in the “Portfolio Managers” section of the SAI is removed entirely and replaced as follows:

Unless otherwise indicated, the information below is provided as of the date of this SAI.

The table below identifies the number of accounts (other than the Fund) for which the Fund’s portfolio managers have day-to-day management responsibilities and the total assets in such accounts, within each of the following categories, as of May 31, 2025: registered investment companies, other pooled investment vehicles and other accounts. None of these accounts have fees based on performance.

 

Name of PM

 

Type of Account

   Number
of
Accounts
Managed
   Total Assets
Managed
   Number of
Accounts
Managed for
which
Advisory
Fee is
Performance
Based
  

Assets
Managed for
which
Advisory Fee
is
Performance-
Based

Michael C. Buchanan‡

  Other Registered Investment Companies    61    $79.48 billion    None    None
  Other Pooled Vehicles    217    $47.79 billion    17    $2.19 billion
  Other Accounts    330    $99.60 billion    13    $6.26 billion

Ryan Brist‡

  Other Registered Investment Companies    27    $10.12 billion    None    None
  Other Pooled Vehicles    17    $13.48 billion    None    None
  Other Accounts    94    $41.46 billion    4    $1.19 billion

Christopher F. Kilpatrick‡

  Other Registered Investment Companies    11    $4.56 billion    None    None
  Other Pooled Vehicles    8    $569 million    3    $361 million
  Other Accounts    13    $873 million    None    None

 

2


Name of PM

 

Type of Account

   Number
of
Accounts
Managed
   Total Assets
Managed
   Number of
Accounts
Managed for
which
Advisory
Fee is
Performance
Based
  

Assets
Managed for
which
Advisory Fee
is
Performance-
Based

Walter Kilcullen‡

  Other Registered Investment Companies    7    $2.88 billion    None    None
  Other Pooled Vehicles    16    $7.35 billion    3    $361 million
  Other Accounts    12    $1.63 billion    None    None

Ian Edmonds‡

  Other Registered Investment Companies    2    $478 million    None    None
  Other Pooled Vehicles    11    $1.51 billion    3    $361 million
  Other Accounts    13    $5.64 billion    1    $14 million

John Hwang‡*

  Other Registered Investment Companies    5    $2.28 billion    None    None
  Other Pooled Vehicles    9    $2.04 billion    6    $1.87 billion
  Other Accounts    2    $430 million    None    None
Ryan Kohan‡*   Other Registered Investment Companies    8    $3.21 billion    None    None
  Other Pooled Vehicles    22    $8.02 billion    9    $2.25 billion
  Other Accounts    13    $1.99 billion    None    None
 

The numbers above reflect the overall number of portfolios managed by employees of Western Asset Management Company, LLC (“Western Asset”). Western Asset’s investment discipline emphasizes a team approach that combines the efforts of groups of specialists working in different market sectors. They are responsible for overseeing implementation of Western Asset’s overall investment ideas and coordinating the work of the various sector teams. This structure ensures that client portfolios benefit from a consensus that draws on the expertise of all team members.

*

Information for John Hwang and Ryan Kohan is as of March 31, 2026.

The information contained in “Portfolio Manager Securities Ownership” in the “Portfolio Managers” section of the SAI is removed entirely and replaced as follows:

Portfolio Manager Securities Ownership

The portfolio managers held the following amounts of securities of the Fund as of May 31, 2025.

 

Portfolio Manager

   Dollar Range of
Securities Beneficially
Owned ($)
 

Michael C. Buchanan

     A  

Ryan K. Brist

     A  

Christopher F. Kilpatrick

     A  

Walter Kilcullen

     A  

Ian Edmonds

     A  

John Hwang*

     A  

Ryan Kohan*

     A  

 

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*

Information for John Hwang and Ryan Kohan is as of March 31, 2026.

Dollar Range ownership is as follows:

A: none

B: $1 - $10,000

C: 10,001 - $50,000

D: $50,001 - $100,000

E: $100,001 - $500,000

F: $500,001 - $1 million

G: over $1 million

 

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Portfolio Manager Updates Effective September 30, 2026

Effective as of September 30, 2026, the following supplements and, to the extent inconsistent with, supersedes the section entitled “Management of the Fund” in the Prospectus and the section entitled “Portfolio Managers” in the SAI:

Prospectus

The information relating to Christopher Kilpatrick is deleted in its entirety from the “Management of the Fund” section of the Prospectus

SAI

The information relating to Christopher Kilpatrick is deleted in its entirety from the “Portfolio Managers” section of the SAI.

Capitalized terms not defined herein have the meanings assigned to them in the Prospectus.

 

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