Welcome to our dedicated page for Western Asset High Income Fund II news (Ticker: HIX), a resource for investors and traders seeking the latest updates and insights on Western Asset High Income Fund II stock.
Western Asset High Income Fund II, Inc. (HIX) is a closed-end investment management company primarily focused on high-yield fixed income securities. Managed by Western Asset Management Company, which is part of the Franklin Templeton family, HIX aims to provide investors with a high level of income by investing in a diversified portfolio of below-investment-grade debt securities.
Western Asset High Income Fund II, Inc. leverages the extensive expertise of Western Asset’s global team. This seasoned team employs a disciplined approach to credit analysis and portfolio management, aiming to achieve the fund’s investment objectives while managing risks effectively.
Recently, the company has benefited from the merger between Legg Mason and Franklin Templeton, which expanded its resources and capabilities. This strategic partnership enhances Western Asset’s market position, providing access to a broader range of investment opportunities and research capabilities.
HIX’s portfolio includes high-yield bonds, leveraged loans, and other income-generating securities. The fund seeks to maximize total return, emphasizing current income and capital appreciation. Its performance is supported by rigorous credit research and a diversified investment approach designed to mitigate risks associated with high-yield securities.
In terms of financial condition, Western Asset High Income Fund II, Inc. remains robust, with a consistent track record of delivering competitive yields. Its proactive management and strategic asset allocation have enabled the fund to navigate various market cycles successfully.
Western Asset High Income Fund II, Inc. continues to pursue new investment opportunities, aiming to enhance portfolio performance and deliver value to its shareholders. Stay updated on the latest developments and news about HIX to make informed investment decisions.
Western Asset High Income Fund II Inc. (NYSE: HIX) announced the results of its annual stockholders meeting held on October 18, 2024. Paolo M. Cucchi and Nisha Kumar were elected as Class II Directors, set to serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending April 30, 2025.
The Fund is a diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, and its foreign-based affiliates. Both management entities are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating as Franklin Templeton.
Western Asset High Income Fund II Inc. (NYSE: HIX) has released its financial position as of July 31, 2024. The Fund's total assets increased to $613,246,452 from $610,509,882 in the previous quarter and $444,133,570 in the prior year. Total net assets rose to $409,059,676 from $404,607,700 in the previous quarter and $320,028,213 in the prior year.
The Net Asset Value (NAV) per share of common stock increased to $4.54 from $4.49 in the previous quarter but decreased from $4.80 in the prior year. The market price per share slightly increased to $4.37 from $4.34 in the previous quarter but decreased from $4.93 in the prior year. The Fund is currently trading at a discount of 3.74%.
For the quarter, the Fund reported total net investment income of $9,322,620 and a total net realized/unrealized gain of $8,627,021, resulting in a net increase in net assets from operations of $17,949,641.
Western Asset High Income Fund II Inc. (NYSE: HIX) announced the final results of its transferable rights offering, which expired on May 6, 2022. The final subscription price per share was $5.17, representing 90% of the Fund's net asset value. The offering will issue 6,001,836 shares and generate approximately $31 million in gross proceeds. Shares are expected to be issued on May 13, 2022. Investors should review the Fund's prospectus for investment risks and objectives.
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