Western Asset High Income Opportunity Fund Inc

Western Asset High Income Opportunity Fund, Inc. is a closed-end investment fund. Its investment objectives are to seek high current income and capital appreciation. The firm invests in high-yield debt securities. The company was founded on November 16, 1993 and is headquartered in New York, NY.

The Western Asset High Income Opportunity Fund (HIO) is an unleveraged option for high-yield exposure, currently trading at a discount. HIO's historical trading level suggests that waiting for a wider discount may be beneficial, which can especially happen during periods of greater market volatility. The fund's distribution yield is 11.30%, but investors should be aware of the fund's history of distribution cuts and a lack of coverage.

HIO: Non-Leveraged High-Yield Focused CEF

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

Western Asset High Income Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

Western Asset High Income Fund

Closed-end funds sometimes give us hard choices

2 Bargain Funds Paying 10%+ Dividends (One Is Clearly Superior)

NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:

Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) Announces Portfolio Management Team Update

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NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

The Western Asset High Income Opportunity Fund Inc. offers a current yield of 10.87%, higher than many other junk bond funds. The HIO fund has managed to outperform the Bloomberg junk bond index on a total return basis over the past three years, despite not using leverage. The fund primarily invests in high-yield bonds and has taken precautions to protect against defaults, but the risk lies in interest rates rather than defaults.

HIO: One Of The Better Junk Bond CEFs With A Double-Digit Yield

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Too many folks are letting so-called “safe” yields on Treasuries distract them from the real action these days: 10 “stealth” bond plays yielding way more!

10 Big 9%+ Dividends 'Basic' Investors Have Missed

HIO: Unlevered Junk Bond Fund Paying More Than It Earns.

HIO: Unlevered Junk Bond Fund Paying More Than It Earns

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Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, December 2022

Western Asset High Income Opportunity Fund is a fixed income CEF. The fund focuses on U.S. high yield and has a middle of the road credit build, with no excessive risk taken via CCC credits.

HIO: Unleveraged Fund With A Leveraged Performance

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The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independent Director of the Funds, who recently passed away. The Boards also announced that Nisha Kumar will succeed Ms. Kamerick as Chair of each Fund's Audit Committee.

Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director

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DoubleLine Income Solutions Fund

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Pioneer Floating Rate Trust

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Franklin Templeton Emerging Markets Income Fund

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Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2022

NEW YORK--(BUSINESS WIRE)--Category: Financials

Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of June 30, 2022

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of September, October, and November 2022

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Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

'High-High-Low' Closed-End Fund Report, February 2022: ARDC, HYB, JRI Buy Ratings Affirmed

Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of December 31, 2021

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of March, April and May 2022

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'High-High-Low' Closed-End Fund Report, November 2021

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Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

The 'High-High-Low' Closed-End Fund Report, August 2021

NEW YORK--(BUSINESS WIRE)--Category : Financials

Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of June 30, 2021

HIO looks attractively valued for unleveraged high-yield exposure. HIO yields 7.77% with 94% coverage, -7.89% discount.

HIO Looks Appealing For Unleveraged High-Yield Exposure

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The high-yield CEF sector has done well though not as well as other sectors in terms of discount returns in the last month (+1.3%). The sector as a whole is near its long-term fair value with a discount of -5%. But with spreads near the pre-COVID tightest levels, there isn't much upside for NAVs.

CEF Analysis: High-Yield Sector Update

NEW YORK--(BUSINESS WIRE)--Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) today announced the financial position of the Fund as of December 31, 2020. Current Q Previous Q Prior Yr Q December 31, 2020 September 30, 2020 December 31, 2019 Total Net Assets $ 522,785,517 * $ 668,222,187 $ 711,820,128 NAV Per Share of Common Stock (a) $ 5.50 $ 5.27 $ 5.56 Market Price Per Share $ 4.95 $ 4.90 $ 5.07 Premium / (Discount) (10.00)% (7.02)% (8.81)% Outstanding Shares 95,099,215 * 126,798,953

Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of December 31, 2020

Something shocking just happened: Treasury Secretary Steven Mnuchin cut off a $454-billion program the Federal Reserve uses to keep the bond market running.

This 8% Dividend Is On Sale Until January

NEW YORK--(BUSINESS WIRE)--Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) (the “Fund”) announced today the final results for its issuer tender offer for up to 25% 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. A total of 60,615,942.15 Shares were duly tendered and not withdrawn. Because the number of Shares tendered exceeds 31,699,738 Shares, the tender offer has been

Western Asset High Income Opportunity Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock

News for Western Asset High Income Opportunity Fund Inc ETF (HIO)