Western Asset Global High Income Fnd Inc (NYSE:EHI) major shareholder Saba Capital Management, L.P. purchased 79,430 shares of Western Asset Global High Income Fnd stock in a transaction dated Wednesday, January 9th. The shares were purchased at an average cost of $8.95 per share, for a total transaction of $710,898.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, January 3rd, Saba Capital Management, L.P. purchased 185,213 shares of Western Asset Global High Income Fnd stock. The shares were purchased at an average cost of $8.44 per share, for a total transaction of $1,563,197.72.

EHI opened at $9.02 on Friday. Western Asset Global High Income Fnd Inc has a 12 month low of $7.99 and a 12 month high of $10.30.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a $0.061 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.73 annualized dividend and a yield of 8.12%.

A number of institutional investors and hedge funds have recently bought and sold shares of EHI. Saba Capital Management L.P. lifted its position in Western Asset Global High Income Fnd by 75.2% in the 2nd quarter. Saba Capital Management L.P. now owns 2,154,522 shares of the company’s stock valued at $19,649,000 after acquiring an additional 924,640 shares in the last quarter. BlackRock Inc. bought a new stake in Western Asset Global High Income Fnd in the 2nd quarter valued at $1,736,000. Wells Fargo & Company MN lifted its position in Western Asset Global High Income Fnd by 11.1% in the 3rd quarter. Wells Fargo & Company MN now owns 345,446 shares of the company’s stock valued at $3,147,000 after acquiring an additional 34,385 shares in the last quarter. Vident Investment Advisory LLC lifted its position in Western Asset Global High Income Fnd by 4.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 728,071 shares of the company’s stock valued at $6,633,000 after acquiring an additional 27,917 shares in the last quarter. Finally, LPL Financial LLC lifted its position in Western Asset Global High Income Fnd by 28.2% in the 3rd quarter. LPL Financial LLC now owns 123,259 shares of the company’s stock valued at $1,123,000 after acquiring an additional 27,149 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: “Saba Capital Management, L.P. Purchases 79,430 Shares of Western Asset Global High Income Fnd Inc (EHI) Stock” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2019/01/12/saba-capital-management-l-p-purchases-79430-shares-of-western-asset-global-high-income-fnd-inc-ehi-stock.html.

Western Asset Global High Income Fnd Company Profile

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.

See Also: No Load Funds

Receive News & Ratings for Western Asset Global High Income Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Global High Income Fnd and related companies with MarketBeat.com's FREE daily email newsletter.