Description

The Western Asset Municipal High Income Fund Inc. operates as a closed-end investment vehicle, concentrating its efforts on fixed income assets. It was established and is primarily managed by Legg Mason Partners Fund Advisor, LLC, with Western Asset Management Company also holding co-management responsibilities. The fund's investment strategy focuses on the fixed income markets across the United States. Its primary allocations are directed towards intermediate and long-term municipal debt securities. These securities are issued by a diverse range of public entities, including state and local governmental bodies, U.S. territories and possessions, political subdivisions, agencies, and various public authorities. To construct its portfolio, the fund prioritizes high-quality, investment-grade debt instruments. Specifically, it seeks out securities that have received one of the top four rating categories from a nationally recognized statistical rating organization. The Lehman Brothers Municipal Bond Index serves as the benchmark against which the fund's performance is measured. This fund was formerly identified as the Municipal High Income Fund Inc. It was officially formed on November 28, 1988, and its legal domicile is within the United States.