Welcome to our dedicated page for Western Asset High Yield Opportunity Fund news (Ticker: HYI), a resource for investors and traders seeking the latest updates and insights on Western Asset High Yield Opportunity Fund stock.
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 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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