Changes to Investment Performance Benchmarks Announced.NEW YORK -- Western Asset Global High Income Fund Inc. (NYSE NYSE See: New York Stock Exchange : EHI Ehi (ē`hī), the same as Ahiram. ); Western Asset Global Partners Income Fund Inc. (NYSE: GDF GDF Gaz De France GDF Government(-wide) Data Files GDF Guardia di Finanza (Italian Revenue Guard Corps) GDF Global Development Finance (World Bank) ); Western Asset High Income Fund Inc. (NYSE: HIF HIF Hypoxia Inducible Factor HIF Heavy Ion Fusion HIF Housing Inspection Foundation HIF Hammarby Idrottsförening (Swedish sport team) HIF Hey, It's Free (website) ); Western Asset High Income Fund II Inc. (NYSE: HIX HIX Hollosi Information EXchange ); Western Asset High Income Opportunity Fund Inc. (NYSE: HIO); Western Asset Managed High Income Fund Inc. (NYSE: MHY); Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY); and Western Asset Zenix Income Fund Inc. (NYSE: ZIF) today announced the following changes to the Funds' benchmark indexes effective June 1, 2007. In the opinion of the Funds' investment sub-advisor, these changes will provide for broader, more effective benchmark indexes for the Funds and more accurate reflections of the portfolio strategies with which the Funds are managed. Western Asset High Income Opportunity Fund Inc. (NYSE: HIO), Western Asset Managed High Income Fund Inc. (NYSE: MHY) and Western Asset Zenix Income Fund Inc. (NYSE: ZIF) announced a change to the benchmark index of the Funds to the Lehman Brothers High Yield Issuer 2% Cap Index. Previously, the Funds' benchmark index had been the Citigroup High Yield Market Index. Western Asset Global Partners Fund Inc. (NYSE: GDF), Western Asset High Income Fund Inc. (NYSE: HIF) and Western Asset High Income Fund II Inc. (NYSE: HIX) announced a change to the benchmark indexes of the Funds to the Lehman Brothers High Yield Issuer 2% Cap Index and the JP Morgan Emerging Markets Bond Index - Global. The previous benchmarks for Western Asset Global Partners Fund Inc. were the Citigroup High Yield Market Index and the JP Morgan Emerging Markets Bond Index - Global. The previous benchmarks for Western Asset High Income Fund Inc. were the Citigroup High Yield Market Index and the JP Morgan Emerging Markets Bond Index Plus (EMBI EMBI Emerging Markets Bond Index EMBI Emergency Management for Business & Industry +). The previous benchmark for Western Asset High Income Fund II Inc. was the Citigroup High Yield Market Index. Western Asset Global High Income Fund Inc. (NYSE: EHI) announced a change to the benchmark indexes of the Fund to the Lehman US Aggregate Index, the Lehman Brothers High Yield 2% Cap Index, and the JP Morgan Emerging Markets Bond Index - Global. Previously, the Fund's benchmark index had been the Lehman Brothers US Aggregate Index. Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY) announced a change to the Fund's benchmark index to the Merrill Lynch Constant Maturity 3-Month LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). Index. Previously, the Fund's benchmark index had been the Lehman Brothers US Aggregate Index. Each of the Funds is a closed-end investment company closed-end investment company: see mutual fund. , managed by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Legg Mason, Inc., and sub-advised by Western Asset Management Company, an affiliate of the investment manager. For more information on the Funds, please contact our Investor Relations Group at 1-888-777-0102 or consult the Funds' web site at www.leggmason.com. Symbols: NYSE: EHI; GDF; GFY; HIF; HIO; HIX; MHY; ZIF |
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