Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund is a closed-end mutual fund specializing in the fixed income sector, primarily seeking to deliver high current income that is exempt from federal income tax. The fund allocates its assets mostly to intermediate- and long-term municipal debt securities issued by U.S. state and local governments, as well as their agencies and public authorities. With a diversified portfolio encompassing hundreds of holdings, the fund may invest up to 100% of its assets in municipal obligations rated below investment grade, aiming to enhance its income potential. Managed by Franklin Templeton Fund Adviser, LLC and sub-advised by Western Asset Management Company, the fund plays a notable role for investors who are interested in regular income streams with advantageous tax treatment. Its structure and strategy contribute to the broader municipal bond market by providing capital to public infrastructure and local government initiatives, while offering investors an avenue for federally tax-exempt income generation.