Western Asset High Yield Opportunity Fund Inc. reports developments for a non-diversified closed-end management investment company focused on high-yield corporate fixed-income securities. HYI news commonly covers stockholder meetings, board elections, auditor ratification, adviser and subadviser information, NAV-based tender offers, and capital-structure actions affecting the fund’s common shares.
The fund is managed by Franklin Templeton Fund Adviser, LLC and subadvised by Western Asset Management Company, LLC and certain foreign-based affiliates. Recent corporate-status updates also reflect the fund’s completed move from a defined-term structure to a perpetual closed-end fund and its current name.
Western Asset High Yield Opportunity Fund (NYSE: HYI) reported net assets of $145,627,201 as of August 31, 2026.
Net assets were below $148,863,758 in May and $154,575,769 a year earlier. Net asset value per share fell to $11.36, versus $11.62 and $12.06, respectively. The $10.38 market price represented an 8.63% discount to net asset value, compared with 8.52% and 0.83%.
Quarterly net investment income was $3,144,115, down from $3,343,195 in the previous quarter and $4,379,946 a year earlier. Realized and unrealized losses of $2,728,681 left a $415,434 net increase in assets from operations, versus $1,209,741 and $9,025,710. Undistributed net investment income was negative $536,555, compared with negative $28,679 in May and negative $2,521,545 a year earlier. Outstanding shares remained 12,814,003. The figures are unaudited.
Western Asset High Yield Opportunity Fund (HYI) announced stockholders elected three Class III directors at its October 16, 2026 annual meeting. Robert D. Agdern, Eileen A. Kamerick and Peter Mason were elected to serve until the 2029 annual meeting, subject to successor qualification, resignation or removal. Stockholders also ratified PricewaterhouseCoopers as independent registered public accountants for the fiscal year ending May 31, 2027.
Western Asset High Yield Opportunity Fund (NYSE: HYI) reported its unaudited financial position as of February 28, 2026. Total net assets were $151,306,008, NAV per share was $11.81, and market price per share was $11.16 (discount ~5.5%).
Total net investment income for the quarter was $3,113,874 and net increase from operations was $2,362,914. Undistributed net investment income totaled $(3,711,503) (per share $(0.29)). The fund repurchased 9,852,972 shares on July 21, 2025 at $12.09 per share.
Western Asset High Yield Opportunity Fund (NYSE: HYI) announced a portfolio management team update listing five current named managers and a planned departure.
Christopher Kilpatrick will no longer be a member of the Fund's portfolio management team effective September 30, 2026. The release reiterates standard investor risks and how to obtain fund information.
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.