HIX News and Press, Western Asset High Income Fund II Inc. From 05/25/20

First off, a quick "hat-tip" or shout-out to Nicholas Colas and Jessica Rabe at DataTrek Research, who have been posting similar FRED (Federal Reserve Bank of St Louis) charts on the US corporate credit markets. After seeing DataTrek's credit spreads charts over the last few weeks, I went to F...

Even in good times, it's not unusual for companies clinging to the bottom rung of the investment-grade ladder to become fallen angels. Yet concerns surrounding fallen angels are especially pronounced today, and not just because of the coronavirus pandemic and concurrent oil crash. During th...

BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG), Western Asset Corporate Loan Fund Inc. (NYSE: TLI), Western Asset Global High Income Fund Inc. (NYSE: EHI), Western Asset High Income Fund II Inc. (NYSE: HIX), Western Asset High Income Opportunity Fund Inc. (...

By Michael D. Hyman CIO, Global Investment Grade and Emerging Markets Invesco Fixed Income ; Matt Brill, Senior Portfolio Manager Senior Portfolio Manager ; Steven Thompson, Senior Client Portfolio Manager The central bank’s actions should support liquidity and ...

We've highlighted these activist plays in the past as they tend to be great ways to generate alpha when analyzed correctly. This is where the large shareholder, typically a hedge fund or other asset manager, is attempting to exploit the discount. They can do this by gaining access to the boa...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of June, July and August 2020. The following dates apply to the distribution schedule below: This press release is not for tax reporting purposes but is...

With the sound of the Munchkins ringing in my head, and the image of Judy Garland skipping along, I am reminded of all of this, when I look at what the Fed is now doing. They have expanded their borders past anything that we have seen before, in a further effort to combat our coronavirus pande...

We are in a precarious situation. We are in the midst of a serious financial crisis caused by a serious medical crisis. I believe it is accurate to say that we have never been in a crisis, quite like this one, before. The faint of heart will panic. Speculators will rush through the door, in ...

This time, we will present our readers with the Western Asset High Income Fund II ( HIX ) which was incorporated back in 1998. It is structured as a closed-end fund and has a total AUM of approximately $535 million. It has been distributing its shareholders a monthly dividend payment of $0.049...

By Susan Hutman and Robert Hopper The coronavirus pandemic continues to wreak havoc across economies and markets. A wave of rating downgrades, fallen angels and corporate bond defaults has begun - and it could grow into a tsunami before the pandemic recedes. But that doesn't mean invest...