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Old 03-25-2010, 01:27 PM
drozhenbane's Avatar
drozhenbane drozhenbane is offline
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Default HIX - Western Asset High Income Fund II Inc (NYSE Stock)

Did not see a thread on this one. I am in at 9.22, pays a monthly DIV. Nothing really exciting, but it is making me some money.

INFO:

Western Asset High Income Fund II Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing at least 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income. The Fund’s investment manager is Legg Mason Partners Fund Advisor, LLC (LMPFA). On September 23, 2008, the Fund acquired the assets and certain liabilities of Western Asset Zenix Income Fund Inc.
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