Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate and Announces Distributions for the Months of December 2012, January and February 2013

Western Asset High Income Fund II Inc. (“HIX”) Sets New Rate and Announces Distributions for the Months of December 2012, January and February 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset High Income Fund II Inc. (NYSE: HIX  ) announced today monthly distributions of $0.0800per common share for December 2012, January and February 2013. The Fund had previously paid a monthly distribution of $0.0825 per share.

The distribution schedule appears below:

Month

 

Ex-Date

 

Record Date

 

Payable Date

 

Amount

 

Type

December 12/12/2012 12/14/2012 12/21/2012 $0.0800 Income
January 01/16/2013 01/18/2013 01/25/2013 $0.0800 Income
February 02/13/2013 02/15/2013 02/22/2013 $0.0800 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 as yields remain at historic lows.

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 2013 and early 2014, 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.lmcef.com.

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.



Western Asset High Income Fund II Inc.
Media Contact:
Maria Rosati, 212-805-6036
mrosati@leggmason.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2109417, ~/Articles/ArticleHandler.aspx, 10/1/2014 10:35:24 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...