Western Asset High Income Fund II Inc. ("HIX") Sets New Rate and Announces Distributions for the Mon

Western Asset High Income Fund II Inc. ("HIX") Sets New Rate and Announces Distributions for the Months of June, July and August 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset High Income Fund II Inc. (NYS: HIX) announced today monthly distributions of $0.0750per common share for June, July and August 2013. The Fund had previously paid a monthly distribution of $0.0775 per share.

The distribution schedule appears below:

Month

       

Ex-Date

       

Record Date

       

Payable Date

       

Amount

       

Type

June 06/19/2013 06/21/2013 06/28/2013 $0.0750 Income
July 07/17/2013 07/19/2013 07/26/2013 $0.0750 Income
August 08/21/2013 08/23/2013 08/30/2013 $0.0750 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 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.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Western Asset High Income Fund II Inc. ("HIX") Sets New Rate and Announces Distributions for the Months of June, July and August 2013 originally appeared on Fool.com.

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Investing in Real Estate

Learn the basics of investing in real estate.

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum