Western Asset High Income Fund II Inc. Reveals Latest Financials
Western Asset High Income Fund II Inc. Financial Overview
Western Asset High Income Fund II Inc. (NYSE: HIX), a diversified closed-end investment company, recently provided details about its financial position as of July 31, 2024. This announcement comes as part of the firm's ongoing commitment to keeping its stakeholders informed about its performance and strategic direction.
Total Assets and Liabilities
The Fund reported total assets amounting to $613,246,452. This figure indicates a slight increase when compared to the $610,509,882 reported for the previous quarter. A year ago, total assets stood at $444,133,570, showcasing significant growth.
Net Assets Insights
The total net assets of the Fund as of this reporting date were $409,059,676. This reflects a steady increase from the $404,607,700 last quarter and even more significantly up from the previous year’s total net assets of $320,028,213. This growth trajectory demonstrates the Fund's effective management of its investments.
Net Asset Value (NAV) Analysis
Investors often look closely at the NAV per share. Currently, the NAV per share of common stock stands at $4.54, showing an improvement from $4.49 in the last quarter and a decrease from $4.80 a year prior. This fluctuation can be attributed to market conditions and the performance of underlying assets within the portfolio.
Market Performance
In terms of market price per share, the Fund is trading at approximately $4.37. This value is relatively stable compared to previous periods, where the market price was reported at $4.34 and $4.93 in last year's figures. Understanding the market price relative to NAV can provide insights into investor sentiment and demand for the Fund's shares.
Premium and Discount Rate
The current premium/discount on shares is recorded at -3.74%, which means the shares are trading at a discount compared to their net asset value. This discount can represent investment opportunities for potential shareholders looking for value. It also reflects market volatility and investor confidence in high-income instruments.
Outstanding Share Count
As part of its financial disclosure, the Fund has noted that it has 90,034,960 shares outstanding. This steadiness in the number of shares outstanding enables greater consistency in the reported NAV and overall asset management.
Net Investment Income Summary
For the period reported, the Fund recorded a total net investment income of approximately $9,322,620. This figure not only surpassed the previous quarter's income of $8,264,605 but also marks a substantial increase from $7,833,085 reported in the last year. This growth emphasizes the robust income-generating capability of the Fund’s portfolio.
Realized and Unrealized Gains
The reported total net realized/unrealized gain for the Fund was approximately $8,627,021, contrasting with a loss of $12,133,217 in the previous quarter. This rebound in performance underscores the importance of market dynamics in shaping investment returns.
Income from Operations
Overall, the net increase in net assets from operations reflects a positive stance with a figure of $17,949,641, indicating the potential for future growth and sustainability of operations moving forward.
The financial data presented is unaudited, implying that while they provide a reliable snapshot, final confirmations will be available through full audits later in the fiscal year. Stakeholders are encouraged to keep abreast of the Fund's updates by reaching out to their support channels for detailed information on annual reports and operational summaries.
About the Fund
Western Asset High Income Fund II Inc. enjoys a comprehensive management strategy under the guidance of Legg Mason Partners Fund Advisor, LLC, a well-established investment advisory firm, with the support of Western Asset Management Company. This partnership represents a robust operational backbone driving investment strategy.
For further inquiries regarding financial performance or investment details, please call 1-888-777-0102. This contact ensures shareholders remain informed and aligned with the Fund's objectives.
Frequently Asked Questions
1. What is the total asset value of Western Asset High Income Fund II Inc.?
The total asset value as of July 31, 2024, is $613,246,452.
2. How does the NAV per share compare to last quarter?
The NAV per share currently stands at $4.54, which is an increase from $4.49 last quarter.
3. What is the market price per share for the Fund?
The market price per share is currently $4.37, reflecting stability in trading.
4. What is the reported net investment income for this period?
The total net investment income for this period is approximately $9,322,620.
5. Who manages Western Asset High Income Fund II Inc.?
The Fund is managed by Legg Mason Partners Fund Advisor, LLC and is advised by Western Asset Management Company.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
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