HIX

Western Asset High Income Fund II Inc. (HIX) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt securities. The fund is managed by Western Asset Management Company, a subsidiary of Franklin Resources, Inc., and operates under the Investment Company Act of 1940. HIX invests in a portfolio consisting of high-yield corporate bonds, bank loans, and other fixed-income securities across various industries and sectors. The fund employs a disciplined credit research process to identify securities that offer attractive risk-adjusted returns while managing default risk through diversification. As of its most recent reporting period, HIX maintains a diversified portfolio with exposure to multiple sectors including telecommunications, healthcare, technology, and energy. The fund utilizes leverage to enhance income generation for shareholders, which amplifies both potential returns and risks. HIX distributes monthly dividends to shareholders, making it a consideration for income-focused investors. The fund's investment strategy emphasizes securities rated below investment grade or unrated debt instruments that the manager determines to be of comparable quality. Western Asset Management's extensive credit research capabilities and global investment platform support the fund's security selection process. HIX trades on the New York Stock Exchange, where its market price may trade at a premium or discount to its net asset value based on market conditions and investor demand.