Welcome to our dedicated page for Western Asset High Income Opportunity Fund news (Ticker: HIO), a resource for investors and traders seeking the latest updates and insights on Western Asset High Income Opportunity Fund stock.
Fund announcement profile: Western Asset High Income Opportunity Fund Inc. is a NYSE-listed diversified closed-end management investment company. Its supplied news record centers on issuer-level actions for common stock, including a tender offer that was oversubscribed and resulted in pro rata share repurchases at a price tied to per-share net asset value. For HIO, such announcements connect shareholder liquidity events with closed-end fund mechanics, common stock outstanding, and the relationship between tender pricing and net asset value.
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Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) announced the results of its issuer tender offer, which expired on November 16, 2020. A total of 60,615,942.15 Shares were tendered, exceeding the 31,699,738 Shares offered, resulting in an oversubscription. Approximately 52.30% of Shares from each stockholder that tendered were accepted, at a repurchase price of $5.37, representing 99.5% of the net asset value of $5.40 as of November 17, 2020. Payment for the accepted Shares will be made on or about November 19, 2020.