Western Asset High Income Fund Inc. (“HIF”) Sets New Rate & Announces Distributions for the Months of December 2011, Janu...
November 14 2011 - 7:30AM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announced today
monthly distributions of $0.0625 per common share for December
2011, and January and February 2012. The Fund had previously paid a
monthly distribution of $0.0675 per share.
The distribution schedule appears below:
Month Ex-Date
Record Date Payable
Date Amount
Type December 12/14/2011 12/16/2011 12/23/2011
$0.0625 Income January 01/18/2012 01/20/2012 01/27/2012 $0.0625
Income February 02/15/2012 02/17/2012 02/24/2012 $0.0625 Income
The Fund has decreased its distribution to a level that better
approximates the current level of net investment income generated
by its investment portfolio. As the Fund reinvests principal and
income, it reinvests at lower levels relative to current
distribution rates as interest rates remain low.
This press release is not for tax reporting purposes but is
being provided to announce the amount of the Fund's distributions
that have been declared by the Board of Directors. In early 2012
and early 2013, after definitive information is available, the Fund
will send shareholders a Form 1099-DIV, if applicable, specifying
how the distributions paid by the Fund during the prior calendar
year should be characterized for purposes of reporting the
distributions on a shareholder’s tax return (e.g., ordinary income,
long-term capital gain or return of capital).
Western Asset High Income Fund Inc., a diversified, closed-end
management investment company, is managed 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 investment manager.
Contact the Fund at 1-888-777-0102 for additional information,
or consult the Fund’s web site at www.leggmason.com/cef.
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.
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