Western Asset Managed High Income Fund Inc. Announces Financial Position as of November 30, 2010

Western Asset Managed High Income Fund Inc., which is listed on the New York Stock Exchange under the symbol “MHY”, today announced the financial position of the Fund as of November 30, 2010.

     
Current QPrevious QPrior Yr Q
November 30, 2010August 31, 2010November 30, 2009
Total Net Assets $ 279,084,721 $ 271,832,203 $ 260,921,701
NAV Per Share of Common Stock (a) $ 5.99 $ 5.85 $ 5.65
Market Price Per Share $ 6.30 $ 6.33 $ 5.92
Premium / (Discount) 5.18 % 8.21 % 4.78 %
Outstanding Shares 46,582,494 46,488,382 46,214,858
 
Total Net Investment Income (b) $ 6,117,162 $ 6,162,623 $ 6,851,654
Total Net Realized/Unrealized Gain/(Loss) (b) $ 7,538,776   $ 4,763,381   $ 15,361,206  
Net Increase (Decrease) in Net Assets From Operations (b) $ 13,655,938   $ 10,926,004   $ 22,212,860  
 

Earnings per Common Share Outstanding

Total Net Investment Income (b) $ 0.13 $ 0.13 $ 0.15
Total Net Realized/Unrealized Gain/(Loss) (b) $ 0.16   $ 0.10   $ 0.33  
Net Increase (Decrease) in Net Assets From Operations (b) $ 0.29   $ 0.23   $ 0.48  
 
Undistributed/(Overdistributed) Net Investment Income (c) $ 3,079,183 $ 3,939,989 $ 4,834,180
Undistributed/(Overdistributed) Net Investment Income
Per Share (c) $ 0.07 $ 0.08 $ 0.10
 
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 indicated.
(c) As of the date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q.These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Managed High Income Fund Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.