HIX Stock Recent News

Western Asset High Income Fund II offers exposure to a globally diversified portfolio focused on high-yield fixed income. The HIX closed-end fund currently trades at a small discount, and that is part of what makes it unappealing at this time even despite trading closer to its longer-term average level. There are alternative funds within the Western Asset family, such as HYI and WDI, that may be more attractive options due to their better valuations.

HIX is a fixed income CEF with a broad investment mandate in the fixed income space. The fund contains a mix of corporate and sovereign bonds, with an allocation that can switch weightings between investment grade and high-yield debentures.

HIX's rights offering has concluded. The subscription floor prevented more severe dilution.

HIX's rights offering is in progress. The offering is not going well for managers, but that's a positive for shareholders.