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AI brief of an SEC Form 8-K · WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. (HIO)

Western Asset High Income Opportunity Fund to merge with MHY, pending stockholder vote

Neutral Impact 4 of 5 m&a Written later

The boards of Western Asset High Income Opportunity Fund (HIO) and Western Asset Managed High Income Fund (MHY) approved a proposal to merge MHY into HIO, subject to approval by stockholders of both funds. If approved, the merger is anticipated to occur during the second quarter of 2016, and MHY stockholders would receive HIO common stock based on each fund's net asset value per share.

Key points

  • Merger proposal approved by each fund's board; requires approval by stockholders of both funds
  • Anticipated completion: second quarter of 2016, if approved
  • As of September 30, 2015, MHY had total assets of approximately $253 million and HIO approximately $464 million
  • Boards cited identical investment objectives, economies of scale and enhanced market liquidity as reasons for the merger

The filing

CompanyWESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. (HIO)
Form8-K, current report
Filed with the SECNov 16, 2015, 4:31 PM ET
Accession number0001193125-15-378466

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 16, 2015.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.