Sit Investment Associates discloses 10.1% Western Asset (NYSE: EHI) holding
Rhea-AI Filing Summary
Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC report beneficial ownership of 3,073,100 shares of Western Asset Global High Income Fund Inc. common stock, representing 10.1% of the outstanding shares.
The firms report shared voting and shared dispositive power over all 3,073,100 shares, with no sole voting or dispositive power. The percentage is based on 30,299,720 shares outstanding as of November 30, 2025. All shares are held in client accounts they manage, and both advisers formally disclaim beneficial ownership, stating the securities are held in the ordinary course of business and not for the purpose of influencing control of the fund.
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FAQ
What stake in Western Asset Global High Income Fund Inc. does Sit hold?
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC report beneficial ownership of 3,073,100 shares, or 10.1% of the fund’s common stock. This ownership is held across client accounts for which the firms provide investment management services.
How much voting power do Sit entities have in Western Asset Global High Income Fund (EHI)?
The Sit entities report shared voting power over 3,073,100 shares and no sole voting power. They also report shared dispositive power over the same shares, reflecting authority exercised through client accounts they manage rather than direct proprietary holdings.
Do Sit Investment Associates and Sit Fixed Income Advisors claim full beneficial ownership of EHI shares?
Both Sit Investment Associates and Sit Fixed Income Advisors formally disclaim beneficial ownership of the EHI shares. They state all reported securities are owned by client accounts, with Sit entities acting as registered investment advisers providing management services to those accounts.
Are any individual client accounts over 5% of Western Asset Global High Income Fund’s shares?
The filing states that no single client account advised by Sit entities owns more than 5% of the fund’s common stock. The 10.1% beneficial ownership reflects the aggregate across multiple accounts, rather than concentration in one holder.
Is Sit seeking to influence control of Western Asset Global High Income Fund through this stake?
The Sit entities certify the securities were acquired and are held in the ordinary course of business. They state the holdings are not for the purpose, or with the effect, of changing or influencing control of Western Asset Global High Income Fund.