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. reports closed-end fund developments tied to its high-income investment mandate and NYSE-listed common stock. The fund is a diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, LLC and subadvised by Western Asset Management Company, LLC and certain foreign-based affiliates.
Recurring news includes annual meeting results, shareholder votes on charter and capital-stock matters, director elections, auditor ratification, tender offers for common shares, NAV-based repurchase terms and other fund governance or capital-structure actions.
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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.
Western Asset High Income Fund II (HIX) successfully completed its transferable rights offering, which expired on May 6, 2022. Each common shareholder as of April 8, 2022, received a Right to purchase shares, with a subscription price set at $5.17, representing 90% of the Fund’s net asset value. The offering aims to issue over 6 million shares, generating more than $31 million in gross proceeds. Shares are anticipated to be issued by May 13, 2022. Investors are reminded to consider the Fund's investment objectives and risks before investing.
Western Asset High Income Fund II Inc. (NYSE: HIX) announced a transferable rights offering to enable shareholders to acquire additional shares of common stock. Each stockholder will receive one transferable right for every share held on April 8, 2022. The subscription price will be based on a formula related to the stock's trading price. The offering aims to increase the Fund's assets, potentially reducing the expense ratio and enhancing liquidity. The Offer will expire on May 6, 2022. Stockholders may also benefit from an over-subscription privilege, subject to certain limitations.
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