Western Asset High Income Fund II Inc. Announces Final Results of Issuer Tender Offer for Common Stock
November 19 2020 - 8:00AM
Business Wire
Western Asset High Income Fund II Inc. (NYSE: HIX) (the “Fund”)
announced today the final results for its issuer tender offer for
up to 35% of the outstanding shares of common stock (“Shares”) of
the Fund. The Fund’s tender offer expired on Monday, November 16,
2020 at 11:59 p.m., New York City time.
The Fund accepted 25,577,060.24 duly tendered and not withdrawn
Shares, representing approximately 30.36% of the Fund’s outstanding
Shares. The Shares accepted for tender were repurchased at a price
of $7.01 equal to 99.5% of the per Share net asset value, $7.05, as
of the close of the regular trading session of the New York Stock
Exchange on November 17, 2020. Payment for such Shares will be made
on or about November 19, 2020. Shares that were not tendered will
remain outstanding.
Any questions about the tender offer can be directed to
Georgeson LLC, the information agent for the tender offer, toll
free at (888) 607-9107.
About the Fund
Western Asset High Income Fund II Inc., a diversified,
closed-end management investment company, is managed by Legg Mason
Partners Fund Advisor, LLC, an indirect wholly-owned subsidiary of
Franklin Resources, Inc. (“Franklin Resources”), and is sub-advised
by Western Asset Management Company, LLC, Western Asset Management
Company Limited and Western Asset Management Company Pte. Ltd.,
indirect wholly-owned subsidiaries of Franklin Resources and
affiliates of the investment manager.
THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR
REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND
SHARES. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS
AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING
STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE
FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS
“MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,”
“CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS
ARE BASED ON THE FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE
SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS
TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND
UNCERTAINTIES ARE CONTAINED IN THE FUND’S FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION
Additional information regarding the matters addressed in the
press release may be announced subsequently via press release,
which can be accessed at www.lmcef.com. 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.
For more information about the Fund, please call Investor
Relations: 1-888-777-0102, or consult the Fund’s web site at
www.lmcef.com. The information contained on the Fund’s web site is
not part of this press release. Hard copies of the Fund’s complete
audited financial statements are available free of charge upon
request.
Category: Fund Announcement
Source: Franklin Templeton
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version on businesswire.com: https://www.businesswire.com/news/home/20201119005591/en/
Media: Fund Investor Services-1-888-777-0102
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