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Western Asset High Income Opportunity Fund, Inc. (symbol: HIO) is a diversified closed-end management investment company. The primary goal of HIO is to provide investors with high current income, while also aiming for capital appreciation as a secondary objective. As a part of Franklin Resources, Inc. and Legg Mason Closed End Funds, HIO leverages extensive expertise in various financial markets.
The fund invests across a broad spectrum of sectors, including auto components, hotels, restaurants and leisure, household durables, food & staples, energy, banks, capital markets, consumer finance, insurance, pharmaceuticals, aerospace and defense, and more. This diversified approach helps in mitigating risk while maximizing returns.
With a strong foundation in both equity and debt markets, Western Asset High Income Opportunity Fund, Inc. has established itself as a reliable option for investors seeking to enhance their income streams. The fund's strategy is backed by rigorous research and a commitment to understanding market trends and shifts.
Recently, the merger between Legg Mason and Franklin Templeton has strengthened the resources available to HIO, promising better management and even more insightful market analysis. This consolidation marks a significant step toward offering top-tier investment opportunities to its clientele.
Western Asset High Income Opportunity Fund, Inc. continues to focus on delivering consistent performance by adapting to market changes and seizing new opportunities, ensuring its relevance and profitability for investors.
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) has released its financial position as of December 31, 2024. The fund reported total net assets of $389,684,290, showing a decrease from both the previous quarter ($402,348,215) and prior year ($409,551,878). The NAV per share stood at $4.10, down from $4.23 in the previous quarter and $4.31 year-over-year.
The fund's market price per share was $3.93, trading at a discount of 4.15% to NAV. Total net investment income for the quarter was $7,630,465, while experiencing a net realized/unrealized loss of $10,166,324, resulting in a net decrease in assets from operations of $2,535,859. The fund maintained 95,099,215 outstanding shares throughout the periods compared.
Earnings per share showed a total net investment income of $0.08 and a net realized/unrealized loss of $0.11, leading to a decrease of $0.03 in net assets from operations per share.
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) has released its financial position as of June 30, 2024. The fund's total net assets stood at $391,066,898, with a NAV per share of $4.11 and a market price per share of $3.81. The fund reported a discount of 7.30% and had 95,099,215 outstanding shares. For the quarter, total net investment income was $8,206,363, while total net realized/unrealized loss was $7,241,783, resulting in a net increase in assets from operations of $964,580.
The fund's earnings per common share for the quarter were $0.01, with $0.09 from net investment income and -$0.08 from net realized/unrealized loss. The fund also reported an overdistributed net investment income of $8,972,333 or $0.09 per share. Franklin Templeton Fund Adviser, advises the fund, with Western Asset Management Company, as the subadvisor.
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