Sit Investment Associates Inc. Sells 526,119 Shares of Western Asset Global High Income Fund Inc. $EHI

Sit Investment Associates Inc. cut its stake in shares of Western Asset Global High Income Fund Inc. (NYSE:EHI) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,430,965 shares of the company’s stock after selling 526,119 shares during the period. Sit Investment Associates Inc.’s holdings in Western Asset Global High Income Fund were worth $21,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EHI. GraniteShares Advisors LLC purchased a new position in shares of Western Asset Global High Income Fund in the 4th quarter worth $2,733,000. Absolute Investment Advisers LLC lifted its holdings in Western Asset Global High Income Fund by 50.3% in the fourth quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock valued at $2,986,000 after acquiring an additional 156,485 shares during the period. Corient Private Wealth LLC purchased a new position in Western Asset Global High Income Fund in the second quarter worth about $644,000. Quarry LP boosted its position in Western Asset Global High Income Fund by 49.4% in the fourth quarter. Quarry LP now owns 187,883 shares of the company’s stock worth $1,204,000 after purchasing an additional 62,127 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Western Asset Global High Income Fund by 18.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 325,433 shares of the company’s stock valued at $2,139,000 after purchasing an additional 49,801 shares during the period.

Western Asset Global High Income Fund Stock Up 1.0%

NYSE EHI opened at $6.02 on Friday. Western Asset Global High Income Fund Inc. has a 52 week low of $5.80 and a 52 week high of $6.70. The company has a 50-day moving average price of $6.05 and a 200-day moving average price of $6.23.

Western Asset Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 14.0%. The ex-dividend date is Monday, August 24th.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.