Western Asset Global High Income Fund Inc. (NYSE:EHI) reported in a recent 8-K filing on November 15, 2024, that its Board of Directors has approved the amendment and restatement of the bylaws of the Fund. The updated bylaws, known as the Fourth Amended and Restated Bylaws, became effective on the same day as the report.
The Fourth Amended and Restated Bylaws include provisions related to the offices of the Corporation, stockholders, annual meetings, special meetings, place of meetings, notice of meetings, nomination procedures for directors, manner of voting, resignation processes, emergency provisions, and governance requirements.
The bylaws also detail procedures for conducting meetings, maintaining quorum, voting, organization, compensation for directors, and appointment, removal, and resignation of officers, agents, and employees.
Furthermore, the amendments introduce emergency provisions allowing the Corporation to call meetings under challenging circumstances and specify mechanisms for conducting effective governance during emergencies.
The Board of Directors emphasized the critical role these bylaws play in regulating the Corporation’s operations, ensuring compliance, and maintaining efficient decision-making processes. The revisions align with the Fund’s ongoing efforts to enhance governance structures and adapt to varying operating conditions.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Western Asset Global High Income Fund’s 8K filing here.
Western Asset Global High Income Fund Company Profile
Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.
Read More
- Five stocks we like better than Western Asset Global High Income Fund
- How to Calculate Return on Investment (ROI)
- Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy
- Investing In Preferred Stock vs. Common Stock
- Williams-Sonoma Stock: Buy It and Never Let It Go
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 5 Dividend ETFs to Buy and Hold Forever