Western Asset High Income Fund II Inc. Announces Financial Position as of January 31, 2021

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NEW YORK–(BUSINESS WIRE)–Western Asset High Income Fund II Inc. (NYSE: HIX) today announced the financial position of the Fund as of January 31, 2021.

Current Q Previous Q Prior Yr Q
January 31, 2021 October 31, 2020 January 31, 2020
Total Assets (a)

$

614,988,135

 

*

$

773,490,557

 

$

912,001,867

 

Total Net Assets (a)

$

420,512,063

 

*

$

574,344,839

 

$

632,790,618

 

NAV Per Share of Common Stock (b)

$

7.17

 

$

6.82

 

$

7.43

 

Market Price Per Share

$

6.83

 

$

6.44

 

$

6.83

 

Premium / (Discount)

 

(4.74

)%

 

(5.57

)%

 

(8.08

)%

Outstanding Shares

 

58,661,812

 

*

 

84,238,872

 

 

85,156,216

 

 
Total Net Investment Income (c)

$

7,877,625

 

$

10,231,164

 

$

12,345,475

 

Total Net Realized/Unrealized Gain/(Loss) (c)

$

26,208,078

 

$

(6,893,415

)

$

11,719,997

 

Net Increase (Decrease) in Net Assets From Operations (c)

$

34,085,703

 

$

3,337,749

 

$

24,065,472

 

 
Earnings per Common Share Outstanding
Total Net Investment Income (c)

$

0.13

 

$

0.12

 

$

0.14

 

Total Net Realized/Unrealized Gain/(Loss) (c)

$

0.45

 

$

(0.08

)

$

0.14

 

Net Increase (Decrease) in Net Assets From Operations (c)

$

0.58

 

$

0.04

 

$

0.28

 

 
Undistributed/(Overdistributed) Net Investment Income (d)

$

(8,623,286

)

$

(7,893,625

)

$

(5,593,081

)

Undistributed/(Overdistributed) Net Investment Income
Per Share (d)

$

(0.15

)

$

(0.09

)

$

(0.07

)

 
Loan Outstanding (d)

$

158,000,000

 

$

158,000,000

 

$

246,500,000

 

Reverse Repurchase Agreements (d)

$

19,120,750

 

$

28,257,500

 

$

18,613,000

 

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.

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

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