Western Asset Municipal High Income Fund Inc. Overview
Pro stress-test →Western Asset Municipal High Income Fund Inc. is a closed-end fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC, and co-managed by Western Asset Management Company. The fund seeks high current income exempt from federal income taxes by investing primarily in intermediate- and long-term municipal debt securities issued by state and local governments.
Strategic Profile
Pro stress-test →As of January 31, 2026, the fund had total net assets of $154.63M with a NAV per share of $6.96. In fiscal year 2025, MHF's revenue was $6.65 million (down 2.46% year-over-year), with earnings of $3.68 million (down 79.75%). The fund operates as a closed-end municipal bond vehicle focused on tax-exempt income generation.
Competitive Landscape
Pro stress-test →MHF competes in the municipal bond closed-end fund space against other tax-advantaged income vehicles. Competitors include other municipal CEFs that offer similar tax-exempt income strategies. Municipal bond closed-end funds are seeing narrowing discounts, with NXP and MHF offering compelling value in the space, positioning MHF as a competitively valued option relative to peers.
Industry Context
Western Asset Municipal High Income Fund Inc. operates in Municipal bond closed-end funds.
Key facts
Founded: 1988 · Headquarters: New York, US · Revenue: $6.65M (FY2025) · Market cap: $154.63M