Western Asset Managed High Income Fund Inc. ("MHY") Sets New Rate and Announces Distributions for th

Western Asset Managed High Income Fund Inc. ("MHY") Sets New Rate and Announces Distributions for the Months of June, July and August 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset Managed High Income Fund Inc. (NYS: MHY) today announced monthly distributions of $0.0370 per common share for June, July and August 2013. The Fund had previously paid a monthly distribution of $0.0385 per share.

The distribution schedule appears below:

Month

Ex-Date

Record Date

Payable

Amount

Type

June

06/19/2013

06/21/2013

06/28/2013

$0.0370

Income

July

07/17/2013

07/19/2013

07/26/2013

$0.0370

Income

August

08/21/2013

08/23/2013

08/30/2013

$0.0370

Income


The Fund has decreased its distributions to a level that better approximates the current level of net investment income generated by its investment portfolio. As the Fund reinvests principal and income, it reinvests at lower levels as yields remain at historic lows.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2014, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

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.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.lmcef.com.

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.



Media:
Western Asset Managed High Income Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS:

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