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 offers a high yield of 10.76%, outperforming peers but with potential risks due to inflation. The fund primarily invests in junk bonds, but has the potential to invest in common stocks. It is not currently exercising this option. Bonds may not provide sufficient protection against a resurgence of inflation, which is quite possible once the Fed cuts rates.

HIO: Limited Protection Against A Resurgence Of Inflation And Limited Upside Potential

Think back just a couple weeks: The “yen carry trade” had investors running scared, and we had a terrific opportunity to buy stocks—better still our favorite income plays on stocks: closed-end funds (CEFs) yielding 8%+.

These Huge Dividends Are (Still) Cheap After The August 5 Crash

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

Western Asset Mortgage Opportunity Fund

Western Asset Global High Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Western Asset Municipal High Income Fund

Western Asset Managed Municipals Fund

Western Asset

Western Asset Diversified Income Fund

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

Barings Global Short Duration High Yield Fund

Allspring Income Opportunities Fund

First Trust High Income Long/Short Fund

PGIM Global High Yield Fund

BlackRock Corporate High Yield Fund

PGIM High Yield Bond Fund

KKR Income Opportunities Fund

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

Ares Dynamic Credit Allocation Fund

ArrowMark Financial

Brandywine Global Income Opportunities Fund Inc

Flaherty & Crumrine Dynamic Preferred & Income Fund

Western Asset Emerging Markets Debt Fund

Highland Income Fund

Pioneer Diversified High Income Trust

Nuveen Preferred & Income 2022 Term Fund

PIMCO Dynamic Income Opportunities Fund

Principal Real Estate Income Fund

Pioneer High Income Trust

TCW Strategic Income Fund

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

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

Western Asset Municipal Partners Fund Inc

LMP Capital and Income Fund

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

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

BNY Mellon High Yield Strategies Fund 

DoubleLine Yield Opportunities Fund

DoubleLine Income Solutions Fund

Flaherty & Crumrine Total Return Fund Inc

John Hancock Preferred Income Fund

Nuveen Preferred & Income Securities Fund

Nuveen Real Asset Income & Growth Fund

Oxford Lane Capital

Pimco Global Stockplus & Income Fund

Pioneer Floating Rate Trust

RiverNorth Capital and Income Fund

Franklin Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

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

Apollo Tactical Income Fund, Inc.

Blackrock Limited Duration Income Trust

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Credit Suisse High Yield Bond Fund

Eagle Point Credit

Stone Harbor Emerging Markets Total Income Fund

First Trust Intermediate Duration Preferred & Income Fund

New American High Income Fund

Nuveen Preferred & Income Term Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

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

Alpine Global Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund

First Trust MLP & Energy Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

First Trust New Opportunities Mlp & Energy Fund

Nuveen Preferred & Income Opportunities Fund

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund

Pimco Income Opportunity Fund

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

Aberdeen Income Credit Strategies Fund

BlackRock Credit Allocation Income Trust

John Hancock Tax-Advantaged Dividend Income Fund

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

AllianceBernstein Global High Income Fund Inc

BlackRock 2022 Global Income Opportunity Trust

iShares Fallen Angels USD Bond ETF

Nuveen Credit Opportunities 2022 Target Term Fund

MFS Charter Income Trust

Neuberger Berman High Yield Strategies Fund Inc

Brookfield Real Assets Income Fund

Invesco High Income Trust II

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

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