Business & Finance
Business and Finance
Business and Finance 
Tue, May 17, 2011
Mon, May 16, 2011
Western Asset Managed High Income Fund Inc. (aMHYa) Sets New Rate and Announces Distributions for the Months of June, July and
NEW YORK--([ BUSINESS WIRE ])--Western Asset Managed High Income Fund Inc. (NYSE: MHY) today announced today distributions of $0.0450 per common share for June, July and August 2011. The Fund had previously paid a monthly distribution of $0.0475 per share.
The distribution schedule appears below:
| Month | Ex-Date | Record Date | Payable | Amount | Type | |||||||||||||||
| June | 6/15/2011 | 6/17/2011 | 6/24/2011 | $0.0450 | Income | |||||||||||||||
| July | 7/20/2011 | 7/22/2011 | 7/29/2011 | $0.0450 | Income | |||||||||||||||
| August | 8/17/2011 | 8/19/2011 | 8/26/2011 | $0.0450 | Income | |||||||||||||||
The Fund has decreased its distributions 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, the reinvestment rate is lower as high yield spreads have tightened and interest rates remain low.
This press release is not for tax reporting purposes but is being provided to announce the amount of the Funda™s distributions that have been declared by the Board of Directors. In early 2012, 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 shareholdera™s tax return (e.g., ordinary income, long-term capital gain or return of capital).
Western Asset Managed 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 Funda™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.