Western Asset Municipal High Income Fund Inc. as of September 30, 2010
25 Octubre 2010 - 8:33AM
Business Wire
Western Asset Municipal High Income Fund Inc. (NYSE: MHF)
announces its portfolio composition as of September 30, 2010.
Investment Objective: The Fund seeks high current income
exempt from Federal income taxes.
Portfolio Composition*:
Asset
Allocation
Municipals
99.8%
Variable Rate Demand Notes
0.2%
Top Ten Municipal
Sectors
Industrial Revenue
26.5%
Health Care
19.5%
Lease Backed
12.1%
Pre refunded / Escrowed to Maturity
9.9%
Transportation
7.1%
Special Tax Obligation
6.5%
Education
6.1%
Power
5.4%
Other
2.9%
Solid Waste/Res Recovery
1.6%
Credit Quality
Allocation**
AAA
6.3%
AA
0.8%
A
29.0%
BBB
28.8%
BB
4.8%
B
1.6%
CCC
0.3%
Not Rated
28.4%
Call
Statistics
Not Callable
8.4%
2010
12.0%
2011
5.5%
2012
9.2%
2013
10.1%
2014
3.3%
2015
5.1%
2016
10.9%
2017
10.7%
2018
5.2%
2019
9.7%
2020
10.0%
Average Life (years)
13.01
Effective Duration (years)
7.40
Average Coupon (%)
6.58
Subject to AMT (%)
13.34
Portfolio Statistics:
Inception Date
November 28, 1988
Inception Price
$10.00
Total Assets
$167,812,486
Market Price
$7.83
NAV
$7.84
(Daily NAV is available on market quotation systems using
the symbol XMHFX.)
Distribution Rate
$0.0370 per share
Frequency Monthly
(Declared quarterly, paid monthly)
* Portfolio holdings and weightings are
historical and are presented here for informational purposes only.
They are subject to change at any time.
** Credit quality is a measure of a bond
issuer's ability to repay interest and principal in a timely
manner. The credit ratings shown are based on each portfolio
security's rating as provided by Standard and Poor's, Moody's
Investors Service and/or Fitch Ratings, Ltd. For this purpose, if
two or more of the agencies have assigned differing ratings to a
security, the highest rating is used. Securities that are unrated
by all three agencies are reflected as such. The credit quality of
the investments in the Fund's portfolio does not apply to the
stability or safety of the Fund. These ratings are updated monthly
and may change over time. Please note, the Fund itself has not
been rated by an independent rating agency.
Western Asset Municipal High Income Fund Inc., a diversified
closed-end investment management company, is advised 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 advisor.
An investment in the Fund involves risk, including loss of
principal. Investment return and the value of shares will
fluctuate. Fixed income securities are subject to credit risk,
inflation risk, call risk, and interest rate risk. As interest
rates rise, bond prices fall, reducing the value of the Fund's
share price. Certain investors may be subject to the alternative
minimum tax (AMT). State and local taxes may apply. The Fund may
invest in derivative instruments. Derivative instruments can be
illiquid, may disproportionately increase losses, and have a
potentially large impact on Fund performance.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
For more information, please call Fund Investor Services at
888-777-0102 or consult the Fund’s web site at
www.leggmason.com/cef.
FN1011953
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