WESTERN ASSET MUNICIPAL HIGH INCOME FUND INC. (MHF)
Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.
Industry: Asset Management
Western Asset Municipal High Income Fund Inc.
NYSE:MHFFinancial Services · Asset Management - Income
-1.95%$6.54
AH Close$6.54+0.00%vs close
AH Close$6.54+0.00%vs close
Mkt Cap$145.23M
Float22.2M
O/S22.21M
Inst Own24.3%
SI0.1%
Div Yield6.24%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.91M
Net Income$3.68M
Total Assets$158.9M
Free Cash Flow$0
Debt & Equity
Debt 2%
Equity 98%
Total Debt$2.73M
Total Equity$155.22M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MHF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$158.9M
Liabilities$3.68M
Accounts Receivable$2.28M
Accounts Payable$773K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $5.91M | $7.85M | $5.76M | $4.58M | $9.23M | $5.9M | $14.96M | $1.15M | $3.4M | $8.04M | $9.05M | $8.93M | $9.44M | $9.9M |
| YoY Growth | -24.6% | 36.2% | 25.8% | -50.4% | 56.5% | -60.6% | 1202.2% | -66.2% | -57.8% | -11.1% | 1.4% | -5.4% | -4.7% | - |
| Cost of Revenue | $990K | $950K | $939K | $7K | $1.07M | $1.05M | $1.04M | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $4.92M | $18.42M | $4.82M | -$20.51M | $8.15M | $4.85M | $13.92M | $132K | $3.4M | $8.04M | $9.05M | $8.93M | $9.44M | $9.9M |
| Gross Margin | 83.3% | 234.8% | 83.7% | -448.0% | 88.4% | 82.2% | 93.1% | 11.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$5 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $304K | $189K | $1.08M | $203K | $218K | $217K | $186K | $188K | $202K | $1.24M | $1.2M | $1.2M | $1.18M | $1.18M |
| Other | $847K | $43K | -$848K | $65K | $52K | $987K | $40K | $32K | $41K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.15M | $232K | $232K | $268K | $270K | $1.2M | $226K | $220K | $242K | $1.55M | $4.56M | $11.25M | $15.27M | $11.11M |
| Operating Income (EBIT) | $3.77M | $18.19M | $4.05M | -$20.78M | $8.96M | $2.29M | $14.73M | $929K | $3.15M | $6.8M | $7.86M | $7.73M | $8.25M | $8.72M |
| Operating Margin | 63.8% | 231.8% | 70.3% | -453.7% | 97.1% | 38.9% | 98.5% | 80.9% | 92.9% | 84.6% | 86.8% | 86.6% | 87.5% | 88.1% |
| Interest Expense | $91K | $119K | $69K | $7K | $7K | $215 | $339 | $27 | $205 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $6.65M | $6.81M | $6.7M | $6.72M | $6.77M | $7.04M | $7.75M | $8.08M | $8.1M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$91K | -$119K | -$69K | -$7K | -$7K | -$215 | $0 | -$6M | -$3.77M | $2.79M | -$3.36M | $12.45M | -$14.08M | $12.29M |
| Income Before Tax (EBT) | $3.68M | $18.19M | $3.98M | -$20.78M | $8.96M | $2.29M | $14.73M | $929K | $3.15M | $9.6M | $4.49M | $20.18M | -$5.83M | $21.01M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $6.92M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $3.68M | $18.19M | $3.98M | -$20.78M | $8.96M | $2.29M | $14.73M | $929K | $3.15M | $9.6M | $4.49M | $20.18M | -$5.83M | $21.01M |
| Net Income Margin | 62.3% | 231.8% | 69.1% | -453.9% | 97.1% | 38.9% | 98.5% | 80.9% | 92.9% | 119.3% | 49.7% | 226.1% | -61.8% | 212.2% |
| Supplementary Data | ||||||||||||||
| EPS | 0.17 | 0.84 | 0.18 | -0.96 | 0.41 | 0.11 | 0.68 | 0.04 | 0.15 | 0.44 | 0.21 | 0.93 | -0.27 | 0.97 |
| Diluted EPS | 0.17 | 0.84 | 0.18 | -0.96 | 0.41 | 0.11 | 0.68 | 0.04 | 0.15 | 0.44 | 0.21 | 0.93 | -0.27 | 0.97 |
| Weighted Average OS | 22.18M | 21.65M | 21.65M | 21.65M | 21.64M | 21.63M | 21.63M | 23.22M | 21.03M | 21.63M | 21.60M | 21.60M | 21.60M | 21.57M |
| EBITDA | $3.77M | $18.19M | $4.05M | -$20.78M | $8.97M | $2.29M | $14.73M | $6.93M | $3.15M | $6.8M | $7.86M | $7.73M | $8.25M | $0 |
| EBITDA Margin | 63.8% | 231.8% | 70.3% | -453.7% | 97.2% | 38.9% | 98.5% | 603.2% | 92.9% | 84.6% | 86.8% | 86.6% | 87.5% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $635 | $0 | $0 | $0 | $0 | -$191K | $0 | -$1.72M | $0 | $0 | $74K | $651K | $36K | $43K |
| Short-Term Investments | $40K | $203 | $100K | $47K | $69K | $191K | $0 | $1.72M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $40K | $203 | $100K | $47K | $69K | $191K | $0 | $1.72M | $0 | $0 | $74K | $651K | $36K | $43K |
| Accounts Receivable | $2.28M | $3.7M | $4.74M | $2.32M | $3.29M | $2.55M | $2.63M | $2.75M | $3.67M | $3.17M | $3.03M | $3.06M | $4.45M | $3.64M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 |
| Other Current Assets | -$2.32M | $2K | -$100K | -$48K | -$72K | -$195K | -$7K | $0 | $0 | $0 | $0 | $25K | $5K | $16K |
| Total Current Assets | $298K | $3.74M | $4.74M | $2.32M | $3.29M | $2.55M | $2.63M | $2.75M | $3.68M | $3.17M | $3.12M | $3.74M | $4.5M | $3.7M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $160.04M | $148.94M | $146.58M | $173.7M | $169.69M | $172.91M | $163.73M | $169.33M | $175.44M | $169.27M | $175.28M | $159.32M | $173.95M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$163.73M | $0 | $0 | $0 | $0 | $0 | -$173.95M |
| Total Long-Term Assets | $158.61M | $160.04M | $148.94M | $146.58M | $173.7M | $169.69M | $172.91M | $163.73M | $169.33M | $175.44M | $169.27M | $175.28M | $159.32M | $173.95M |
| Other Assets | $158.9M | $163.79M | $894 | $853 | $3K | $5K | $7K | $7K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $158.9M | $163.79M | $153.68M | $148.9M | $176.99M | $172.25M | $175.55M | $166.49M | $173.01M | $178.62M | $172.39M | $179.02M | $163.82M | $177.65M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $773K | $2.08M | $4.55M | $430K | $1.62M | $1.63M | $739K | $552K | $835K | $2.91M | $0 | $3M | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $952K | $736K | $181K | $605K | $473K | $472K | $552K | -$634K | $552K | $583K | $13K | $626K | $670K | $834K |
| Total Current Liabilities | $952K | $3.08M | $4.73M | $430K | $2.18M | $2.18M | $1.46M | $552K | $1.55M | $3.67M | $178K | $3.79M | $826K | $834K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $2.73M | $4.06M | $2.73M | $870K | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$2.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.84M | $4.06M | $2.73M | $870K | $1.3M | $2.3M | $1.67M | $718K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $2.73M | $7.14M | $0 | $616K | $169K | -$2.3M | -$1.67M | -$552K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.68M | $7.14M | $7.46M | $1.48M | $3.66M | $2.18M | $1.46M | $718K | $1.55M | $3.67M | $178K | $3.79M | $826K | $834K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $222K | $217K | $217K | $217K | $216K | $216K | $216K | $216K | $216K | $216K | $216K | $216K | $216K | $216K |
| Retained Earnings | -$7.85M | -$6.21M | -$17.6M | -$16.4M | $9.57M | $6.28M | $10.21M | $277K | $7.79M | $5.1M | -$52K | $1.04M | -$11.19M | -$2.48M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.82M | -$0 | -$0 | $0 | -$0 | $0 | $0 |
| Other Stockholders' Equity | $162.85M | $162.63M | $163.6M | $163.6M | $163.54M | $163.46M | $163.46M | $165.28M | $163.46M | $169.63M | $172.05M | $173.97M | $173.97M | $179.08M |
| Total Equity | $155.22M | $156.64M | $146.22M | $147.43M | $173.33M | $169.95M | $173.88M | $165.77M | $171.46M | $174.95M | $172.21M | $175.23M | $163M | $176.82M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $158.9M | $163.79M | $153.68M | $148.9M | $176.99M | $172.13M | $175.34M | $166.49M | $173.01M | $178.62M | $172.39M | $179.02M | $163.82M | $177.65M |
| Supplementary Data | ||||||||||||||
| Total Debt | $2.73M | $4.06M | $2.73M | $870K | $1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $2.73M | $4.06M | $2.73M | $870K | $1.3M | $191K | $0 | $1.72M | $0 | $0 | -$74K | -$651K | -$36K | -$43K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 | 2018-10-31 | 2017-10-31 | 2016-10-31 | 2015-10-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $3.68M | $18.19M | $3.98M | -$20.78M | $8.96M | $2.29M | $14.73M | $929K | $3.15M | $9.6M | $4.49M | $20.18M | -$5.83M | $21.01M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$3.68M | -$18.19M | -$3.98M | $20.78M | -$8.96M | -$2.29M | -$14.73M | -$929K | -$3.15M | -$9.6M | -$4.49M | -$20.18M | $5.83M | -$21.01M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |