[April 25, 2019] |
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Western Asset Municipal High Income Fund Inc. Portfolio Composition as of March 31, 2019
Western Asset Municipal High Income Fund Inc. (NYSE: MHF) announces its
portfolio composition as of March 31, 2019.
Investment Objective: The Fund seeks high current income exempt
from Federal income taxes.
Portfolio Composition*:
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Asset Allocation
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Municipal
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98.9%
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Variable Rate Demand Notes
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1.1%
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Top Ten Municipal Sectors
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Industrial Revenue
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26.3%
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Transportation
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19.6%
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Health Care
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11.0%
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Water & Sewer
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9.2%
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Lease Backed
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6.4%
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Education
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6.2%
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Pre refunded/ Escrowed to Maturity
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5.6%
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Special Tax Obligation
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5.1%
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Local
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3.7%
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State
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2.5%
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Credit Quality Allocation**
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AAA
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2.5%
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AA
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9.9%
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A
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38.0%
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BBB
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36.0%
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BB
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4.6%
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CCC
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1.4%
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Not Rated
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7.6%
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Call Statistics
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Not Callable
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13.8%
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2019
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9.3%
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2020
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10.6%
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2021
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6.7%
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2022
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10.6%
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2023
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10.8%
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2024
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9.9%
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2025
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10.7%
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2026
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5.6%
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2027
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4.1%
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2028
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6.1%
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2029
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1.8%
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Average Life (years)
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6.8
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Effective Duration (years)
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5.4
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Average Coupon (%)
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5.3
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Subject to AMT (News - Alert) (%)
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15.3
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Portfolio Statistics:
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Inception Date
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November 28, 1988
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Inception Price
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$10.00
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Total Assets
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$169,850,183
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Market Price
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$7.40
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NAV (Daily NAV is available on market quotation
systems using the symbol XMHFX.)
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$7.85
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Distribution Rate
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$0.0255 per share
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Frequency
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Monthly (Declared quarterly, paid monthly)
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*
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Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time.
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**
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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. and typically range from AAA (highest) to D (lowest), or an
equivalent and/or similar rating. For this purpose, when 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.
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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
1-888-777-0102, or consult the Fund's web site at http://www.lmcef.com.
Hard copies of the Fund's complete audited financial statements are
available free of charge upon request.
FN1112214
View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005998/en/
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