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

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

127,949,535

 


Total Net Investment Income (b)

$ 8,392,279

$ 10,158,438

$ 10,538,769

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

$ 26,701,059

$ 18,644,508

$ 9,940,700

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

$ 35,093,338

$ 28,802,946

$ 20,479,469

Earnings per Common Share Outstanding

Total Net Investment Income (b)

$ 0.09

$ 0.08

$ 0.08

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

$ 0.28

$ 0.15

$ 0.08

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

$ 0.37

$ 0.23

$ 0.16

 


Undistributed/(Overdistributed) Net Investment Income (c)

$ (6,315,689)

$ (4,405,553)

$ (4,224,411)

Undistributed/(Overdistributed) Net Investment Income







Per Share (c)

$ (0.07)

$ (0.03)

$ (0.03)

Footnotes: (a) NAVs are calculated as of the close of business on the last business day in the periods indicated above. (b) For the quarter indicated. (c) As of the date indicated above.

* On November 16, 2020, Western Asset High Income Opportunity Fund Inc. accepted for tender 31,699,738 common shares that were repurchased at $5.37 per share equal to 99.5% of the per share net asst value, $5.40, 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 Opportunity Fund 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210222005394/en/

Media Contact: Fund Investor Services 1-888-777-0102