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.
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.