Western Asset Global High Income Fund : Semiannual Report - EHI

Semi-Annual Report

November 30, 2022

WESTERN ASSET GLOBAL HIGH INCOME FUND INC. (EHI)

INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Fund objectives

The Fund's primary investment objective is high current income. The Fund's secondary investment objective is total return.

Under normal market conditions, the Fund invests in a global portfolio of securities consisting of below investment grade fixed income securities, emerging market fixed income securities and investment grade fixed income securities.

What's inside

Letter from the chairman	III
Performance review	V
Fund at a glance	1
Schedule of investments	2
Statement of assets and liabilities	21
Statement of operations	22
Statements of changes in net assets	23
Statement of cash flows	24
Financial highlights	25
Notes to financial statements	27
Additional shareholder information	41
Dividend reinvestment plan	42

1. Western Asset Global High Income Fund Inc.

Letter from the chairman

Dear Shareholder,

We are pleased to provide the semi-annual report of Western Asset Global High Income Fund Inc. for the six-month reporting period ended November 30, 2022. Please read on for Fund performance information during the Fund's reporting period.

As always, we remain committed to providing you with excellent service and a full spectrum of investment choices. We also remain committed to supplementing the support you receive from your financial advisor. One way we accomplish this is through our website, www.franklintempleton.com. Here you can gain immediate access to market and investment information, including:

• Fund prices and performance,
• Market insights and commentaries from our portfolio managers, and
• A host of educational resources.

We look forward to helping you meet your financial goals.

Sincerely,

Jane Trust, CFA

Chairman, President and Chief Executive Officer

December 30, 2022

Western Asset Global High Income Fund Inc.

III

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Performance review

For the six months ended November 30, 2022, Western Asset Global High Income Fund Inc. returned -3.70% based on its net asset value ("NAV") i and 3.48% based on its New York Stock Exchange ("NYSE") market price per share. The Fund's unmanaged benchmarks, the Bloomberg U.S. Aggregate Indexii, the Bloomberg U.S. Corporate High Yield - 2% Issuer Cap Indexiii and the J.P. Morgan Emerging Markets Bond Index Global iv , returned -4.06%,-2.87% and -3.14%, respectively, over the same time frame. The Lipper High Yield (Leveraged) Closed-End Funds Category Averagev returned -4.86% for the same period. Please note that Lipper performance returns are based on each fund's NAV.

The Fund has a practice of seeking to maintain a relatively stable level of distributions to shareholders. This practice has no impact on the Fund's investment strategy and may reduce the Fund's NAV. The Fund's manager believes the practice helps maintain the Fund's competitiveness and may benefit the Fund's market price and premium/discount to the Fund's NAV.

During this six-month period, the Fund made distributions to shareholders totaling $0.40 per share. As of November 30, 2022, the Fund estimates that 88% of the distributions were sourced from net investment income and 12% constituted a return of capital.* The performance table shows the Fund's six-month total return based on its NAV and market price as of November 30, 2022. Past performance is no guarantee of future results.

Performance Snapshot as of November 30, 2022 (unaudited)

		6-Month
Price Per Share	Total Return**
$7.77	(NAV)	-3.70%†
$7.41	(Market Price)	3.48%‡

All figures represent past performance and are not a guarantee of future results. Performance figures for periods shorter than one year represent cumulative figures and are not annualized.

• Total returns are based on changes in NAV or market price, respectively. Returns reflect the deduction of all Fund expenses, including management fees, operating expenses, and other Fund expenses. Returns do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares.

• Total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV.

• Total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund's Dividend Reinvestment Plan.

• These estimates are not for tax purposes. The Fund will issue a Form 1099 with final composition of the distributions for tax purposes after year-end. A return of capital is not taxable and results in a reduction in the tax basis of a shareholder's investment. For more information about a distribution's composition, please refer to the Fund's distribution press release or, if applicable, the Section 19 notice located in the press release section of our website, www.franklintempleton.com.

Western Asset Global High Income Fund Inc.

V