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EHI: Double-Digit Yield Has Appeal, But Lack Of Coverage Means Caution

Western Asset Global High Income Fund offers high-yield exposure with a 13.15% distribution yield, but coverage is weak, which adds some uncertainty. EHI's discount has widened a bit since our prior update, yet remains near its five-year average; a deeper discount would make entry more attractive. The fund's portfolio blends corporate high-yield and emerging market debt, resulting in higher duration and interest…

Seeking Alpha • Feb 28, 2026

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