Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2022
September 13, 2022 at 08:10 am EDT
Share
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/
Western Asset High Income Fund II Inc. (the Fund) is a diversified, closed end management investment company. The Fund's primary investment objective is to maximize current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income. Under normal conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes in high-yield debt securities. The Fund invests up to 35% of its total assets in debt securities of issuers located in emerging market countries. The Fund may invest up to 20% of its total assets in common stock, convertible securities, warrants, preferred stock or other equity securities of United States and foreign issuers when consistent with its objectives. The Fund's investment manager is Legg Mason Partners Fund Advisor, LLC.