MHF News and Press, Western Asset Municipal High Income Fund Inc. From 08/16/21

Rallying interest rates drove strong muni bond performance in July. Market dynamics remained seasonally favorable, with demand for munis broadly outpacing supply. A more defensive posture may be warranted ahead of elevated risks in the fall. For further details see: Muni...

The muni CEF space is largely buy-and-hold (or long-term rental agreements). But right now, there's a lot of dislocation in the sector. Some funds are extremely expensive while others are relatively cheap. Making swaps makes sense to rotate into the better opportunities and see more d...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of September, October, and November 2021. The following dates apply to the distribution schedule below: This press release is not for tax reportin...

From January 1995 through June 2021, Treasury rates rose more than half a percentage point over a two-month period at a frequency of nearly 9%. Simply put, when money sleeps, it stops working for you. As a muni investor, you need your money to work hard. For further details ...

During the first half of the year, municipal bonds (munis) shrugged off the rise in long-term U.S. interest rates and crushed their taxable counterparts. Looking at fundamental credit strength, state tax receipts are much better than were estimated a year ago. Municipal bonds are ...

The Fed now acknowledges inflation risks are to the upside. With high uncertainty on the inflation and employment outlook, adjusting its exceptionally loose monetary stance at the right time and pace become a very difficult high-wire act. The Fed now acknowledges the upside inflat...

We believe the investing public appears to already be anticipating higher taxes and are currently favoring tax-exempt income solutions, based on fund inflows. Currently, high yield municipal bond defaults are actually on the decline as cities and states re-emerge from some COVID-19 re...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of June, July, and August 2021. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes...

Are we going to go back to the past, as economies around the world open and vaccinations and herd immunity take hold? At Cumberland Advisors, we see less near-term municipal credit risk, but we are a little cautious of weaker sectors and regions that may not receive aid or that have h...

Western Asset Municipal High Income Fund Inc. (NYSE: MHF) today announced the financial position of the Fund as of January 31, 2021. Footnotes: (a) NAVs are calculated as of the close of business on the last business day in the periods indicated above. (b) For the quarter indi...