Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of December 31, 2020
February 22 2021 - 8:00AM
Business Wire
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO)
today announced the financial position of the Fund as of December
31, 2020.
Current Q Previous Q Prior Yr Q December
31, 2020 September 30, 2020 December 31, 2019
Total Net Assets
$ 522,785,517
*
$ 668,222,187
$ 711,820,128
NAV Per Share of Common Stock (a)
$ 5.50
$ 5.27
$ 5.56
Market Price Per Share
$ 4.95
$ 4.90
$ 5.07
Premium / (Discount)
(10.00)%
(7.02)%
(8.81)%
Outstanding Shares
95,099,215
*
126,798,953
127,949,535
Total Net Investment Income (b)
$ 8,392,279
$ 10,158,438
$ 10,538,769
Total Net Realized/Unrealized Gain/(Loss) (b)
$ 26,701,059
$ 18,644,508
$ 9,940,700
Net Increase (Decrease) in Net Assets From Operations (b)
$ 35,093,338
$ 28,802,946
$ 20,479,469
Earnings per Common Share
Outstanding Total Net Investment Income (b)
$ 0.09
$ 0.08
$ 0.08
Total Net Realized/Unrealized Gain/(Loss) (b)
$ 0.28
$ 0.15
$ 0.08
Net Increase (Decrease) in Net Assets From Operations (b)
$ 0.37
$ 0.23
$ 0.16
Undistributed/(Overdistributed) Net Investment Income (c)
$ (6,315,689)
$ (4,405,553)
$ (4,224,411)
Undistributed/(Overdistributed) Net Investment Income Per Share (c)
$ (0.07)
$ (0.03)
$ (0.03)
Footnotes: (a) NAVs are calculated as of the close of business
on the last business day in the periods indicated above. (b) For
the quarter indicated. (c) As of the date indicated above.
* On November 16, 2020, Western Asset High Income Opportunity
Fund Inc. accepted for tender 31,699,738 common shares that were
repurchased at $5.37 per share equal to 99.5% of the per share net
asst value, $5.40, as of the close of the regular trading session
of the New York Stock Exchange on November 17, 2020.
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission (“SEC”), as
well as its complete schedule of portfolio holdings for the first
and third quarters of each fiscal year as an exhibit to its reports
on Form N-PORT. These reports are available on the SEC’s website at
www.sec.gov. To obtain information on Forms N-PORT or a semi-annual
or annual report from the Fund, shareholders can call
1-888-777-0102.
On July 31, 2020, Franklin Resources, Inc. (“Franklin
Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash
transaction. As a result of the transaction, Legg Mason Partners
Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg
Mason, became a wholly-owned subsidiary of Franklin Resources.
Western Asset High Income Opportunity Fund Inc., a diversified,
closed-end management investment company, is managed by Legg Mason
Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin
Resources, and is sub-advised by Western Asset Management Company,
an affiliate of the investment manager.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s web site at www.lmcef.com. Hard copies of the
Fund’s complete audited financial statements are available free of
charge upon request.
Data and commentary provided in this press release are for
informational purposes only. Franklin Resources and its affiliates
do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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version on businesswire.com: https://www.businesswire.com/news/home/20210222005394/en/
Media Contact: Fund Investor Services 1-888-777-0102
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