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.
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.