WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. (HIO)
HIO 8-K filings in 2015
Every material Form 8-K WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC. filed with the SEC in 2015, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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