EHI: Solid Dividend Coverage But Limited Growth Potential

Western Asset Global High Income Fund offers a 13.1% yield and global diversification, appealing to income-focused investors amid market volatility. EHI trades at a 6.73% discount to NAV but faces growth challenges due to high leverage (29.3% of assets) and sensitivity to interest rates. Recent quarterly results show strong earnings and a 167% dividend coverage rate, supporting payout sustainability for the near term.

Seeking Alpha • Oct 30, 2025

Western Asset Global High Income Fund Inc. Announces Financial Position as of August 31, 2025

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Business Wire • Oct 27, 2025

Western Asset Global High Income Fund Inc. Announces Results of Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Business Wire • Oct 21, 2025

EHI: Discount Remains Narrow As Fund Shifts Toward Lower-Quality Holdings

EHI offers a high 12.7% yield and global diversification, but distribution coverage is declining and overdistribution risks NAV erosion. The fund has shifted to a higher allocation of junk-rated debt, which could suggest management's view of stable credit and limited rate cuts. I'd like to see a wider discount on this fund before considering it to be a good time to add.

Seeking Alpha • Aug 18, 2025

High-Yield Closed-End Funds (Part 3): EHI

EHI offers a high distribution rate of 12.33% on NAV, with monthly payouts and a current market price discount of 3.08%. The fund's 3- and 6-month total returns outperform HYG, despite HYG's historical 5-year outperformance. EHI maintains a BB credit rating and uses 29.24% leverage, resulting in higher expenses but attractive income potential.

Seeking Alpha • Aug 15, 2025

EHI: Solid Global Income Fund But Not Ideal Time For Entry

EHI offers a high 13.2% yield and global diversification, but its performance is heavily dependent on future interest rate cuts. The fund's price and NAV have declined significantly, with recent returns only modestly positive when distributions are included. EHI's high leverage and substantial exposure to below-investment-grade debt increase risk, especially if defaults rise in a high-rate environment.

Seeking Alpha • May 25, 2025

Western Asset Global High Income Fund Inc. Announces Financial Position as of February 28, 2025

NEW YORK--(BUSINESS WIRE)--Category: Financials.

Business Wire • Apr 16, 2025

EHI: Narrowing Junk Bond Spreads Could Prove Problematic

Western Asset Global High Income Fund offers a high 12.80% yield, higher than both domestic and international fixed-income indices and its peers. The EHI closed-end fund's high yield may signal market doubts about its distribution sustainability, necessitating a review of its financial health and distribution coverage. The fund's portfolio is heavily weighted towards junk bonds, which have outperformed investment-grade bonds recently but may face valuation challenges.

Seeking Alpha • Dec 30, 2024

Western Asset Global High Income Fund Inc. Announces Final Results of Transferable Rights Offering

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Business Wire • Oct 15, 2024

EHI: Discount Opens Up For This Fixed-Income CEF

Western Asset Global High Income Fund (EHI) offers a diversified, leveraged global fixed-income portfolio with exposure to both investment-grade and below-investment-grade holdings. The recent rights offering has pushed EHI to a discount, making it attractive relative to short-term averages but not looking like a great bargain relative to the long term. It delivers a high distribution rate, but there is a lack of coverage, though there is some optimism that coverage can improve going forward based on a lower rate environment.

Seeking Alpha • Oct 11, 2024