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.
Western Asset High Income Opportunity Fund Inc. reports closed-end fund actions involving its common shares, including issuer tender offers, share repurchases and pricing tied to per-share net asset value. Fund news also identifies the investment manager and Western Asset sub-advisers that oversee the income-oriented portfolio.
Recurring developments for HIO center on closed-end fund capital actions, tender-offer results, share count effects, NAV-based mechanics and governance or adviser-related information rather than operating-company product announcements.
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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.