HIX News and Press, Western Asset High Income Fund II Inc. From 12/10/20

Only some information is released on PTA so far as it only launched just recently at the end of October. I wanted to take an initial quick dive into what this fund is about and who it might be right for. Cohen & Steers funds' are some of the best on the market in the REIT spac...

Junk bond yields have dropped to a record low. The effective yield of the ICE BofA US High Yield Index fell to 4.61% at the close on December 3. As bond yields fall, bond prices rise. For further details see: Junk Bond Yields Hit Record Low: Most Distorted Markets Ever ...

Broad US equities continued their momentum from Q2 following the dramatic COVID-19-driven decline earlier in the year. The S&P 500 rose 9% in Q3 after a 20% rise in Q2. Value-oriented stocks underperformed the broader market on concerns about economic fragility, the expiration of ...

Western Asset High Income Fund II Inc. (NYSE: HIX) (the “Fund”) announced today the final results for its issuer tender offer for up to 35% of the outstanding shares of common stock (“Shares”) of the Fund. The Fund’s tender offer expired on Monday, Nov...

Western Asset High Income Fund II Inc. (NYSE: HIX) (the “Fund”) announced today the expiration and preliminary results for its issuer tender offer for up to 35% of the outstanding shares of common stock (“Shares”) of the Fund. The Fund’s tender offer e...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2020, January, and February 2021. The following dates apply to the distribution schedule below: This press release is not for tax ...

Other than moving a few pieces around the board, the recent actions by the Fed only continues to move back the day of reckoning. The "extend and pretend illusion" our economy remains on a sound footing is alive and well. One place this is evident is in the area corporate bond mark...

The COVID-19 related sell-off in corporate bonds in Q1 2020 caused some commentators to express concern about the liquidity and functionality of fixed income ETFs, led by corporate bond ETFs. Widening discounts between corporate bond ETFs and NAV pricing after COVID-19 was cited as fu...

Morgan Stanley announced the acquisition of Eaton Vance. This could trigger activists into action once again. The floating-rate CEFs appear to already have large activist stakes. EFF could be the easiest target for Saba to extract concessions from. For further details se...

Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally! RIV offering is now live, with a subscription floor of -5% discount. XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels. For further detai...