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     361  0 Kommentare Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote “FOR” Western Asset Global High Income Fund’s Director Nominees - Seite 2

    Ms. Trust continued, “The proxy advisory firms’ conclusions align with our view that Saba Capital’s nominees would not bring new skills or experience that would help our Board continue its track record of strong value creation. In fact, we believe Saba Capital’s nominees, who lack closed-end fund experience and other relevant skills, are only interested in promoting the hedge fund’s short-term strategy to the detriment of other stockholders. We urge stockholders to follow the recommendation of ISS and Glass Lewis and support a Board that has consistently delivered significant value.”

    Western Asset Global High Income Fund’s Board has a proven track record of working with the Fund’s investment advisor to achieve its objectives, including:

    • Driving total stockholder returns2 that have outpaced Lipper peer group3 averages over 1-, 3- and 5-year periods and our key benchmark4 averages over the 1-, 3- and 10-year periods;
    • Enhancing the portfolio composition, resulting in 1-year returns2 of 17.96%, more than double the Lipper peer group3 average of 8.97% and key benchmark4 average of 8.94%;
    • Outperforming peers with 5-year average annualized yield of 8.40%, above the Lipper peer group3 average of 8.03%;
    • Increasing its distribution payout for three straight quarters; and
    • Raising the dividend, increasing its distribution yield to 7.82%5.

    The Board unanimously urges stockholders to follow the recommendations from ISS and Glass Lewis by voting “FOR” Eileen A. Kamerick and Robert D. Agdern and “AGAINST” Saba Capital’s Board De-Classification Proposal on the WHITE proxy card today.

     

    Your Vote Is Important, No Matter How Many or How Few Shares You Own

     

    You can vote by Internet, telephone or by signing and dating the WHITE proxy card and mailing it in the envelope provided.

     

    If you have any questions about how to vote your shares, or need additional assistance, please contact:

     

    Innisfree

     

    Stockholders Call Toll-Free: (877) 750-8197

    Banks and Brokers Call: (212) 750-5833

     

    REMEMBER:

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    Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote “FOR” Western Asset Global High Income Fund’s Director Nominees - Seite 2 Western Asset Global High Income Fund Inc. (NYSE: EHI) (“the Fund”) today announced that two of the leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), recommend that …