Western Asset High Yield (NYSE: HYI) Form 3 lists CCO/Subadviser Stout as reporting person
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Western Asset High Yield Opportunity Fund Inc. filed an initial Form 3 for reporting person Kim Stout, identified as CCO/Subadviser. The filing shows no reported transactions or derivative positions, and no share holdings are listed for this reporting person in the provided data.
Positive
- None.
Negative
- None.
Key Terms
Form 3, reporting person, beneficial ownership, CCO/Subadviser
4 terms
Form 3 regulatory
"filed an initial Form 3 for reporting person Kim Stout"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
reporting person regulatory
"filed an initial Form 3 for reporting person Kim Stout"
beneficial ownership financial
"It is an initial statement of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
CCO/Subadviser financial
"reporting person Kim Stout, identified as CCO/Subadviser"
FAQ
What does the HYI Form 3 filing for Kim Stout represent?
The Form 3 for HYI records Kim Stout’s status as a reporting person tied to the fund. It is an initial statement of beneficial ownership and, in this case, shows no reported holdings, transactions, or derivative positions in the provided data.
What is Kim Stout’s role in relation to Western Asset High Yield Opportunity Fund (HYI)?
Kim Stout is identified as “CCO/Subadviser” for Western Asset High Yield Opportunity Fund Inc. in the Form 3. This indicates a compliance and subadvisory role while also designating Stout as a reporting person under SEC beneficial ownership rules.
Is Kim Stout reported as a director or ten percent owner of HYI on this Form 3?
No. The Form 3 data flags Kim Stout as neither a director nor a ten percent owner of HYI. Instead, the filing categorizes Stout under “other” with the title CCO/Subadviser, clarifying the capacity in which they are a reporting person.