Every material Form 8-K WESTERN ASSET GLOBAL HIGH INCOME FUND INC. has filed with the SEC since November 16, 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Western Asset Global High Income Fund Inc. said Nisha Kumar was appointed a director of the closed-end funds advised by Legg Mason Partners Fund Advisors, effective January 1, 2019, and will serve on the Fund's Audit, Nominating, Compensation, Pricing and Valuation Committees. Directors Dr. Riordan Roett and Leslie H. Gelb retired effective December 31, 2018. The filing describes a board change with no stated effect on the Fund's finances or operations.
Nisha Kumar appointed director effective January 1, 2019; she joins the Audit, Nominating, Compensation, Pricing and Valuation Committees
Kumar has been Managing Director, Chief Financial Officer and Chief Compliance Officer of Greenbriar Equity Group, LP since 2011
Dr. Riordan Roett and Leslie H. Gelb retired as directors effective December 31, 2018
On August 14, 2017, KPMG LLP resigned as the independent auditor of Western Asset Global High Income Fund Inc. at the Fund's request, and the Board approved PricewaterhouseCoopers LLP as the replacement for the fiscal year ending May 31, 2018. The filing states that KPMG's prior reports had no adverse or disclaimed opinions and that there were no disagreements or reportable events, and that the change does not reflect dissatisfaction with KPMG's performance.
KPMG resigned on August 14, 2017, at the Fund's request.
KPMG's reports for fiscal years ended May 31, 2017 and May 31, 2016 contained no adverse opinion, disclaimer, or qualification.
PricewaterhouseCoopers was approved by the Board on August 10, 2017, effective August 14, 2017, for the fiscal year ending May 31, 2018.
KPMG's letter dated August 16, 2017 is filed as Exhibit 16.1.
Both closed-end funds' boards approved a proposal to merge Western Asset Global Partners Income Fund into Western Asset Global High Income Fund, subject to stockholder approval of each fund. If approved, the merger is expected in the second quarter of 2016, and GDF stockholders would receive EHI common stock based on each fund's net asset value per share. The filing states the boards believe the combination may bring economies of scale and greater diversification for stockholders.
Merger proposal approved by both funds' boards on November 16, 2015, subject to stockholder votes
Anticipated closing in the second quarter of 2016 if approved
As of September 30, 2015, GDF had total assets of about $207 million and EHI about $469 million
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WESTERN ASSET GLOBAL HIGH INCOME FUND INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →