SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement | |
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
☐ | Definitive Proxy Statement | |
☒ | Definitive Additional Materials | |
☐ | Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12 |
WESTERN ASSET GLOBAL HIGH INCOME FUND INC.
(Name of Registrant as Specified in Its Charter)
Payment of Filing Fee (Check the appropriate box):
☒ | No fee required. | |||
☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |||
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(3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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☐ | Fee paid previously with preliminary materials. | |||
☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by the registration statement number, or the Form or Schedule and the date of its filing. | |||
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May 6, 2020 |
Vote Today for the Fund that is Delivering Monthly Distributions to You
Ahead of the Western Asset Global High Income Fund Inc. (the “Fund”) Special Meeting of Shareholders on June 5, 2020, you are being asked to vote to approve new agreements1 between the Fund and its investment manager and subadvisers that willenable the Fund to continue to operate and deliver the returns you rely on.
Why Should I Vote to Renew the Agreements with the Fund’s Investment Manager and Subadvisers?
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![]() | Approving these agreements will enable the Fund to continue to operate and deliver the returns and distributions you have come to expect from the Fund | |||||
![]() | The investment manager and subadvisers have developed and implemented the Fund’s strategy that has enhanced shareholder value | |||||
![]() | Importantly, the new management and subadvisory agreements will be identical to the current agreements, except for the dates of execution, effectiveness and termination |
What Happens If I Don’t Vote to Approve the New Agreements? | ||
If these new agreements are not approved, the Fund may be forced to liquidate, which could result in serious negative implications for long-term shareholders such as…
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![]() | A significant loss of shareholder value, including the discontinuation of the Fund’s distributions | |
![]() | Negative tax consequences |
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Protect the Value of Your Investment — Vote the WHITE Proxy Card Today
The Fund’s Board of Directors unanimously recommends that you vote on the WHITE Proxy Card “FOR” the approval of the new management agreement for the Fund’s investment manager and the new subadvisory agreement for the Fund’s subadvisers to ensure shareholders receive uninterrupted value.
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Your Vote is Important, No Matter How Many or How Few Shares You Own
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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:
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Innisfree M&A | ![]() | Shareholders Call Toll Free: (877) 750-0537 | ||||||
Incorporated | Banks and Brokers Call: (212) 750-5833 | |||||||
| REMEMBER | |||||||
We urge youNOTto vote using any other colored proxy card as doing so will revoke your vote on the WHITE proxy card.
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Notes
1 | Due to the “change of control” resulting from the pending combination of Legg Mason Inc. (“Legg Mason”), the parent company of the Fund’s investment manager and subadvisers, and Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton. |
Forward Looking Statement
Past performance is no guarantee of future results. The information provided is not intended to be a forecast of future events, a guarantee of future results or investment advice.
All investments are subject to risk including the possible loss of principal. All benchmark performance reflects no deduction for fees, expenses or taxes. Please note that an investor cannot invest directly in a benchmark.