Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2022
September 13 2022 - 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,
2022.
Current Q Previous Q Prior Yr
Q July 31, 2022 April 30, 2022
July 31, 2021 Total Assets (a)
$
543,885,083
1
$
540,653,211
$
615,207,625
2
Total Net Assets (a)
$
352,458,444
1
$
345,405,499
$
422,436,540
2
NAV Per Share of Common Stock (b)
$5.43
$5.86
$7.19
Market Price Per Share
$
5.36
$
5.38
$
7.38
Premium / (Discount)
(1.29)%
(8.19)%
2.64%
Outstanding Shares
64,926,422
1
58,924,586
58,744,969
2
Total Net Investment Income (c)
$8,229,251
$7,690,914
$7,937,250
Total Net Realized/Unrealized Gain/(Loss) (c)
($22,661,614
)
($43,478,345
)
$3,260,932
Net Increase (Decrease) in Net Assets From Operations (c)
$
(14,432,363
)
$
(35,787,431
)
$
11,198,182
Earnings per
Common Share Outstanding Total Net
Investment Income (c)
$
0.13
$
0.13
$
0.14
Total Net Realized/Unrealized Gain/(Loss) (c)
$
(0.35
)
$
(0.74
)
$
0.06
Net Increase (Decrease) in Net Assets From Operations (c)
$
(0.22
)
$
(0.61
)
$
0.20
Undistributed/(Overdistributed) Net
Investment Income (d)
($4,518,043
)
($3,203,110
)
($3,844,368
)
Undistributed/(Overdistributed) Net Investment Income
Per Share (d)
$
(0.07
)
$
(0.05
)
$
(0.07
)
Loan Outstanding (d)
$
142,000,000
$
154,500,000
$
154,500,000
Reverse Repurchase Agreements (d)
$
45,016,272
$
24,871,683
$
25,455,500
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.
1
On May 13, 2022, Western Asset High Income Fund II Inc. issued
6,001,836 common shares with a subscription price of $5.17 per
share, equal to 90.0% of the per share net asset value of $5.74 as
of the close of the regular trading session of the New York Stock
Exchange on May 6, 2022
2
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.franklintempleton.com/investments/options/closed-end-funds.
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220913005668/en/
Media: Fund Investor Services 1-888-777-0102
Western Asset High Incom... (NYSE:HIX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Asset High Incom... (NYSE:HIX)
Historical Stock Chart
From Jul 2023 to Jul 2024