Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2021
September 15 2021 - 8:00AM
Business Wire
Western Asset High Income Fund II Inc. (NYSE: HIX) today
announced the financial position of the Fund as of July 31,
2021.
Current Q Previous Q Prior Yr Q July 31,
2021 April 30, 2021 July 31, 2020 Total Assets
(a)
$
615,207,625
*
$
615,630,474
*
$
829,147,266
Total Net Assets (a)
$
422,436,540
*
$
419,273,827
*
$
583,390,204
NAV Per Share of Common Stock (b)
$
7.19
$
7.15
$
6.93
Market Price Per Share
$
7.38
$
7.09
$
6.54
Premium / (Discount)
2.64
%
(0.84
)%
(5.63
)%
Outstanding Shares
58,744,969
*
58,661,812
*
84,238,872
Total Net Investment Income (c)
$
7,937,250
$
8,023,853
$
11,045,690
Total Net Realized/Unrealized Gain/(Loss) (c)
$
3,260,932
$
(638,803
)
$
63,380,960
Net Increase (Decrease) in Net Assets From Operations (c)
$
11,198,182
$
7,385,050
$
74,426,650
Earnings per Common Share
Outstanding Total Net Investment Income (c)
$
0.14
$
0.14
$
0.13
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.06
$
(0.01
)
$
0.75
Net Increase (Decrease) in Net Assets From Operations (c)
$
0.20
$
0.13
$
0.88
Undistributed/(Overdistributed) Net Investment Income (d)
$
(3,844,368
)
$
(3,150,186
)
$
(5,741,675
)
Undistributed/(Overdistributed) Net Investment Income Per Share
(d)
$
(0.07
)
$
(0.05
)
$
(0.07
)
Loan Outstanding (d)
$
154,500,000
$
158,000,000
$
208,000,000
Reverse Repurchase Agreements (d)
$
25,455,500
$
18,560,250
$
28,301,250
Footnotes:
(a) The difference between total assets and total net assets is
due primarily to the Fund’s use of borrowings; total net assets do
not include borrowings. (b) NAVs are calculated as of the close of
business on the last business day in the periods indicated above.
(c) For the quarter indicated. (d) As of the date indicated above.
* On November 16, 2020, Western Asset High Income Fund II Inc.
accepted for tender 25,577,060 common shares that were repurchased
at $7.01 per share, equal to 99.5% of the per share net asset value
of $7.05 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.
Western Asset High Income Fund II 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/20210915005501/en/
Media: Fund Investor Services 1-888-777-0102
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