Western Asset High Income Oppor

3.8600-0.01 (-0.26%)

Oct 29, 4:00:02 PM EDT · NYSE · HIO · USD

Upcoming Earnings

Report date

Key Stats

Market Cap

367.08M

P/E (TTM)

14.85

Basic EPS (TTM)

0.26

Dividend Yield

0.11%

Recent Filings

8-K

Bylaws fully restated for governance

11/20/24Nov 20, 2024

Western Asset High Income Opportunity Fund amended its bylaws in full on November 15, 2024, tightening stockholder special meeting rules to require majority support and detailed disclosures while easing remote participation. Advance notice for director nominations now demands comprehensive ownership and hedging details, bolstering board control amid activist pressures. Changes sharpen governance; no operational impacts disclosed.

8-K

Bylaws fully restated

8/18/20Aug 18, 2020

Western Asset High Income Opportunity Fund amended and restated its bylaws in full, effective August 14, 2020, tightening stockholder procedures for calling special meetings and nominating directors. These changes demand majority stockholder support for special meetings, detailed disclosures for proposals, and stricter director qualifications under the 1940 Act. Governance just got tougher. The updates reinforce board control while allowing remote participation, potentially streamlining operations amid market volatility.

8-K

Bylaws enable virtual stockholder meetings

4/3/20Apr 3, 2020

Western Asset High Income Opportunity Fund amended its bylaws on April 1, 2020, adding provisions to allow stockholder meetings via remote communication, even after notice is sent. This update enables virtual participation while ensuring verification of attendees and real-time access to proceedings. The board can opt for hybrid formats but must accommodate physical attendance requests if required by law. Virtual voting counts as in-person presence.

8-K

Bylaws fully restated

11/4/19Nov 4, 2019

Western Asset High Income Opportunity Fund amended and restated its bylaws in full on October 31, 2019, tightening rules for stockholder special meetings and director nominations. These changes demand majority stockholder support for special meetings, detailed disclosures for proposals, and strict director qualifications under the 1940 Act. Governance sharpens. Yet investors should note the board's sole amendment power.

8-K

New director appointed, retirees exit

1/2/19Jan 2, 2019

Western Asset High Income Opportunity Fund appointed Nisha Kumar as a director effective January 1, 2019, bringing her expertise as CFO of Greenbriar Equity Group and past roles at AOL and Rent the Runway. Dr. Riordan Roett and Leslie H. Gelb retired December 31, 2018, refreshing the board for these closed-end funds. Kumar joins key committees. This bolsters financial oversight amid evolving markets.

About

Western Asset High Income Opportunity Fund Inc. is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It seeks to invest in high-yielding corporate debt obligations. The fund seeks to maintain an average duration of around four years with an average credit quality of B. It benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index. The fund was formerly known as High Income Opportunity Fund. Western Asset High Income Opportunity Fund Inc. was formed on November 16, 1993 and is domiciled in the United States.

CEO

Mr. Kenneth Donald Fuller

IPO

11/16/1993

Website

https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIO

Sector

Financial Services

Industry

Asset Management