Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate & Announces Distributions for the Months of September, Octob...
Date : 08/12/2011 @ 8:00AM
Source : Business Wire
Stock : Western Asset High Income Fund II Inc. (HIX)
Quote : 9.18 0.0 (0.00%) @ 2:59PM
Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate & Announces Distributions for the Months of September, Octob...
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Western Asset High Income Fund II Inc. Common Stock (NYSE:HIX)
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Today : Friday 12 August 2011
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Western Asset High Income Fund II Inc. (NYSE: HIX) announced today monthly distributions of $0.0825 per common share for September, October and November 2011. The Fund had previously paid a monthly distribution of $0.0850 per share since September 2010.
The distribution schedule appears below:
Month
Ex-Date
Record Date
Payable Date
Amount
Type
September 09/21/2011 09/23/2011 09/30/2011 $0.0825 Income
October 10/19/2011 10/21/2011 10/28/2011 $0.0825 Income
November 11/16/2011 11/18/2011 11/25/2011 $0.0825 Income
The Fund has decreased its distributions to a level that better approximates the current level of net investment income generated by its investment portfolio. As the Fund reinvests principal and income, it reinvests at lower levels relative to current distribution rates as interest rates remain low.
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been declared by the Board of Directors. In early 2012, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).
Western Asset High Income Fund II Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.
Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund’s web site at www.leggmason.com/cef.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
AI
