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Western Asset High Income Opp (HIO) provides investors with high current income through a diversified portfolio across multiple sectors. This news hub offers official updates and analysis for tracking the closed-end fund's strategic developments.
Access timely announcements including earnings reports, portfolio rebalancing details, management insights, and sector allocation changes. Our curated collection helps stakeholders monitor performance drivers like energy sector investments, financial services exposure, and consumer market positions.
Key updates cover dividend declarations, capital allocation strategies, and risk management approaches inherent to multi-sector closed-end funds. Bookmark this page for efficient tracking of HIO's income generation tactics and market positioning within the competitive asset management landscape.
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) held its annual meeting of stockholders on April 14, 2025, announcing key leadership changes and audit appointments. Eileen A. Kamerick and Nisha Kumar were elected as Class III Directors, with terms extending until the 2028 annual meeting.
Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending September 30, 2025. The Fund operates as a diversified closed-end management investment company, managed by Franklin Templeton Fund Adviser, (FTFA) and subadvised by Western Asset Management Company, (WAMCo) and its foreign affiliates. Both FTFA and WAMCo are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating under the Franklin Templeton brand.
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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