Western Asset High Yield Defined Opportunity Fund Inc. Announces Conference Call
December 15 2010 - 9:31AM
Business Wire
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:
HYI), the most recent addition to the closed-end fund family
affiliated with Legg Mason, Inc., announced today a conference call
to update shareholders and potential investors on the Fund’s
performance and investment activities since its successful initial
public offering on October 27, 2010. The call will be held on
December 20, 2010 at 4:15 p.m. (Eastern Time). Michael Buchanan,
Head of Global Credit, and Chris Kilpatrick, Research Analyst, at
Western Asset Management Company, will discuss the Fund’s
investment portfolio and market outlook and will conclude with a
question and answer session.
You may listen to this call by teleconference:
Dial-in information:
Date: December 20, 2010
Time: 4:15 p.m. (Eastern Time)
USA Toll Free Number: 1-866-515-4784
Passcode: Legg Mason
A replay of the call will be made available and instructions on
how to access the replay will be provided at a future date by press
release.
The Fund's primary investment objective is to provide high
income. As a secondary investment objective, the Fund will seek
capital appreciation. There can be no assurance the Fund will
achieve its investment objectives.
The Fund seeks to achieve its investment objectives by
investing, under normal market conditions, at least 80% of its net
assets in a portfolio of high-yield corporate fixed-income
securities with varying maturities. “High-yield” refers to below
investment grade quality (also commonly referred to as “junk
bonds”). When choosing investments, Western Asset will focus on
high-yield securities that exhibit pricing inefficiencies,
improving credit conditions that offer income opportunities and the
potential for high real yields and capital appreciation.
Other funds in the Legg Mason-affiliated closed-end fund family
include ClearBridge Energy MLP Fund Inc. (NYSE: CEM), LMP Capital
& Income Fund Inc. (NYSE: SCD), LMP Corporate Loan Fund Inc.
(NYSE: TLI), LMP Real Estate Income Fund Inc. (NYSE: RIT), Western
Asset Emerging Markets Debt Fund Inc. (NYSE: ESD), Western Asset
Emerging Markets Income Fund Inc. (NYSE: EMD), Western Asset Global
Corporate Defined Opportunity Fund Inc. (NYSE: GDO), Western Asset
Global High Income Fund Inc. (NYSE: EHI), Western Asset Global
Partners Income Fund Inc. (NYSE: GDF), Western Asset High Income
Fund Inc. (NYSE: HIF), Western Asset High Income Fund II Inc.
(NYSE: HIX), Western Asset High Income Opportunity Fund Inc. (NYSE:
HIO), Western Asset Income Fund (NYSE: PAI), Western Asset
Inflation Management Fund Inc. (NYSE: IMF), Western Asset
Intermediate Muni Fund Inc. (NYSE Amex: SBI), Western Asset
Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI),
Western Asset Managed High Income Fund Inc. (NYSE: MHY), Western
Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset
Mortgage Defined Opportunity Fund Inc. (NYSE: DMO), Western Asset
Municipal Defined Opportunity Trust Inc. (NYSE: MTT), Western Asset
Municipal High Income Fund Inc. (NYSE: MHF), Western Asset
Municipal Partners Fund Inc. (NYSE: MNP), Western Asset Premier
Bond Fund (NYSE: WEA), Western Asset Variable Rate Strategic Fund
Inc. (NYSE: GFY) and Western Asset Worldwide Income Fund Inc.
(NYSE: SBW).
Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the Fund's
investment manager. Investment sub-advisory services are provided
by Western Asset Management Company (“Western Asset”). LMPFA and
Western Asset are wholly owned subsidiaries of Legg Mason, Inc.
(“Legg Mason”).
Legg Mason is the 6th largest closed-end fund manager in the
U.S., with $10 billion in closed-end assets under management as of
September 30, 2010.
All data and commentary provided in this press release are for
informational purposes only. Legg Mason, Inc. and its affiliates do
not engage in selling shares of the Fund.
For more information please call 1-888-777-0102 or consult the
Funds’ web site at www.leggmason.com/cef.
SYMBOLS:NYSE: CEM; DMO; EHI; EMD; ESD; GDF; GDO; GFY; HIF; HIO;
HIX; HYI; IGI; IMF; MHF; MHY; MMU; MNP; MTT; PAI; RIT; SBW; SCD;
TLI; WEANYSE Amex: SBI
Western Asset Variable R... (NYSE:GFY)
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