Welcome to our dedicated page for Western Asset High Yield Opp Fund news (Ticker: HYI), a resource for investors and traders seeking the latest updates and insights on Western Asset High Yield Opp Fund stock.
Western Asset High Yield Opportunity Fund Inc. (NYSE: HYI) is a non-diversified, closed-end management investment company that focuses on high-yield corporate fixed-income securities. The fund’s news flow reflects its status as an exchange-listed investment company with an income and capital appreciation objective in the high-yield bond space.
On this page, readers can follow news related to HYI’s corporate governance, stockholder actions, and fund-level developments. Recent announcements have covered the results of annual and special meetings of stockholders, including the election of Class II Directors to the fund’s Board of Directors and the ratification of PricewaterhouseCoopers LLP as independent registered public accountants for a specified fiscal year.
News items also document significant structural decisions affecting the fund. For example, stockholders approved a proposal to convert the fund from a limited-term structure to a perpetual fund by eliminating its term and its fundamental policy to liquidate on or about a specified date. Related press releases describe an issuer tender offer for up to 100% of the fund’s outstanding shares of common stock at a price equal to 100% of net asset value per share on the expiration date, and the subsequent change of the fund’s name to Western Asset High Yield Opportunity Fund Inc. while retaining the HYI ticker.
Investors and observers can use this news feed to track how HYI’s Board and its adviser, Franklin Templeton Fund Adviser, LLC, implement stockholder-approved proposals, conduct tender offers, and manage key relationships such as the appointment of independent auditors. Regular updates provide context on the fund’s governance, capital actions, and other formal communications that are relevant to understanding HYI’s operations as a listed closed-end fund.
Western Asset High Yield Opportunity Fund (NYSE: HYI) announced an update to its day-to-day portfolio management team, effective January 27, 2026. The named managers are Michael Buchanan, Walter Kilcullen, Christopher Kilpatrick, John Hwang, and Ryan Kohan. The release reiterates that information is for informational purposes, that Franklin Resources and affiliates do not sell Fund shares, and that Fund shares trade on the New York Stock Exchange and may fluctuate in value.
Hard copies of audited financial statements are available free upon request and investors should note closed-end shares can trade at a discount to NAV.
Western Asset High Yield Opportunity Fund (NYSE: HYI) reported unaudited financial position as of August 31, 2025. Key figures: Total Net Assets $154.6M, NAV per share $12.06, Market price $11.96, and Outstanding shares 12,814,003. The Fund accepted tender of 9,852,972 shares repurchased at $12.09 on July 21, 2025 (100% of NAV). Quarter results show Total Net Investment Income $4.38M and Total Net Realized/Unrealized Gain $4.65M. Undistributed (overdistributed) net investment income was ($2.52M) as of August 31, 2025. The release notes reports are unaudited and available on the SEC website.
Western Asset High Yield Opportunity Fund (NYSE: HYI) reported results from its annual meeting held October 17, 2025. Stockholders elected Nisha Kumar, Hillary A. Sale and Jane Trust as Class II directors to serve until the 2028 annual meeting or until their successors qualify. Shareholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending May 31, 2026.
The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton affiliates (FTFA and WAMCo). Hard copies of audited financial statements are available on request and investor contact information is provided for further inquiries.
Western Asset High Yield Defined Opportunity Fund (NYSE: HYI) has announced the completion of its tender offer and conversion to a perpetual fund structure. The tender offer, which expired on July 21, 2025, resulted in approximately 9,852,972 shares (43% of outstanding shares) being tendered at $12.09 per share.
Following the tender offer, the Fund will maintain approximately $155 million in total net assets. The Fund will change its name to Western Asset High Yield Opportunity Fund Inc. effective August 1, 2025, while retaining its HYI ticker symbol. Additionally, the investment manager has agreed to a 20 basis point management fee waiver until June 6, 2026.
Western Asset High Yield Defined Opportunity Fund (NYSE: HYI) has released its financial position as of February 28, 2025. The fund reported total net assets of $276,431,374, showing a slight decrease from $278,752,612 in the previous quarter and $280,855,563 from the prior year.
Key metrics include:
- NAV per share: $12.20 (down from $12.30 last quarter)
- Market price: $12.08 (decreased from $12.14)
- Current discount to NAV: 0.98% (improved from 1.30%)
- Outstanding shares: 22,666,975
For the quarter, the fund recorded total net investment income of $5,407,560 and a net realized/unrealized loss of $1,307,879, resulting in a net increase in assets from operations of $4,099,681. Earnings per share were $0.18, down from $0.35 in the previous quarter.
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) has announced a significant proposal approved by its Board of Directors. The proposal aims to convert the Fund from its scheduled termination on September 30, 2025, into a perpetual fund, subject to stockholder approval.
The proposal includes a tender offer for 100% of the Fund's outstanding shares at net asset value. If post-tender offer assets remain at $75 million or greater, the Fund will eliminate its term and be renamed to 'Western Asset High Yield Opportunity Fund Inc.' If assets fall below $75 million, the tender offer will be cancelled, and the Fund will proceed with its scheduled termination.
If the term elimination is approved, the Fund will continue trading on NYSE under its current ticker and implement a 20-basis point fee waiver for one year. The tender offer is expected to occur during the third quarter of 2025.
Western Asset High Yield Defined Opportunity Fund (NYSE: HYI) has reported its financial position as of August 31, 2024. The Fund's total net assets reached $277,245,875, with a NAV per share of $12.23 and a market price of $12.11. The Fund showed improvement in its discount to NAV, narrowing to -0.98% from -5.06% in the previous quarter.
For the quarter, the Fund recorded total net investment income of $6,010,096 ($0.27 per share) and total net realized/unrealized gain of $4,494,057 ($0.20 per share), resulting in a net increase in assets from operations of $10,504,153 ($0.47 per share). The Fund maintained 22,660,581 outstanding shares throughout the period.
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) announced the results of its annual meeting of stockholders held on October 18, 2024. Carol L. Colman, Daniel P. Cronin, and Paolo M. Cucchi were elected as Class I Directors to serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending May 31, 2025.
The Fund is a non-diversified closed-end management investment company managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company, and its foreign-based affiliates. Both management companies are indirect wholly-owned subsidiaries of Franklin Resources Inc., operating as Franklin Templeton.
Western Asset High Yield Defined Opportunity Fund Inc. (HYI) disclosed its financial position as of February 29, 2024, revealing total net assets of $280.8 million and a NAV per share of $12.39. The market price per share stood at $12.08, with a discount of 2.50%. The fund reported total net investment income of $5.99 million and a net increase in net assets from operations of $11.98 million.
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