- CEO
- Kenneth Donald Fuller
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 280 Park Avenue New York City NY United States of America 10017
- IPO Date
- Jul 29, 2003
- Business
- Western Asset Global High Income Fund Inc. (NYSE: EHI) is a diversified, closed-end management investment company that seeks high current income as its primary objective, with total return as a secondary objective, through a global, leveraged portfolio of below investment grade fixed-income securities, emerging market debt securities, and investment grade fixed-income securities; the portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities, and other credit instruments denominated in U.S. dollars and foreign currencies. The Fund emphasizes team-based management and extensive credit research to identify attractively priced securities across developed and emerging markets in regions such as North America, Europe, Latin America, and Asia, while utilizing selective leverage to enhance income potential and distributing income on a monthly basis. Externally managed by Western Asset Management Company, LLC, a Franklin Templeton subsidiary and global fixed-income specialist, the Fund trades on the New York Stock Exchange, providing investors with daily liquidity and access to higher-yielding global debt opportunities.
Launched in 2003 and headquartered in New York, the Fund targets income-oriented investors seeking regular cash flow from diversified credit markets, with portfolio managers including Ryan K. Brist, Walter E. Kilcullen, Christopher F. Kilpatrick, Michael Buchanan, and Ian R. Edmonds. In recent developments, the Fund completed a transferable rights offering authorized in August 2024, issuing 7,574,935 common shares on October 8, 2024, at $6.60 per share, increasing outstanding shares to 30,299,742 and total assets while aiming to improve the expense ratio and stock liquidity. As of August 31, 2025, the Fund reported a financial position with $75 million in borrowings and $17.91 million in reverse repurchase agreements, alongside positive quarterly net investment income of $4.08 million and net realized/unrealized gains of $6.60 million; additionally, at the annual meeting of stockholders on October 17, 2025, Robert D. Agdern, Eileen A. Kamerick, and Peter Mason were elected as Class III Directors.