Welcome to our dedicated page for Western Asset High Fund II news (Ticker: HIX), a resource for investors and traders seeking the latest updates and insights on Western Asset High Fund II stock.
Western Asset High Income Fund II, Inc. (NYSE: HIX) is a diversified, closed-end management investment company that focuses on high-yield debt securities with the stated objective of maximizing current income. This news page aggregates public announcements, press releases, and other updates related to the Fund, its governance, and its capital structure.
Readers can find coverage of stockholder meetings and voting results, such as approvals to amend the Fund’s charter to increase the total number of authorized shares of capital stock. News items also include the election of directors to the Board of Directors and the ratification of the selection of independent registered public accountants, reflecting the Fund’s ongoing corporate governance activities.
In addition, this page features announcements about capital actions, including issuer tender offers for the Fund’s common stock. For example, the Fund has reported final results of a tender offer in which a significant percentage of outstanding shares was accepted for repurchase at a price linked to net asset value. Such events can be important to investors monitoring changes in the Fund’s share base and trading dynamics.
Updates may also describe the roles of Franklin Templeton Fund Adviser, LLC as investment adviser and administrator, and Western Asset Management Company entities as subadvisers, all of which are indirect wholly owned subsidiaries of Franklin Resources, Inc. By following HIX news here, investors can review official communications about stockholder decisions, advisory relationships, and other developments disclosed through press releases and related materials.
Summary not available.
Summary not available.
Summary not available.
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.
Summary not available.
Summary not available.
Summary not available.
Western Asset High Income Fund II Inc. (NYSE: HIX) announced the completion of its tender offer, which expired on November 16, 2020. The Fund accepted 25,577,060.24 shares, or about 30.36% of its outstanding shares, at a price of $7.01 per share, closely aligning with the net asset value of $7.05 as of November 17, 2020. Payments for the accepted shares will be made around November 19, 2020. The Fund remains managed by Legg Mason Partners Fund Advisor, LLC, a subsidiary of Franklin Resources.
FAQ
What is the current stock price of Western Asset High Fund II (HIX)?
What is the market cap of Western Asset High Fund II (HIX)?
