Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) major shareholder Saba Capital Management, L.P. purchased 365,625 shares of the stock in a transaction dated Thursday, January 10th. The shares were bought at an average price of $4.66 per share, for a total transaction of $1,703,812.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Western Asst High Incm Opprtnty Fnd stock opened at $4.67 on Friday. Western Asst High Incm Opprtnty Fnd Inc. has a 12 month low of $4.14 and a 12 month high of $5.12.
The business also recently declared a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.0265 per share. This represents a $0.32 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Thursday, February 14th.
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About Western Asst High Incm Opprtnty Fnd
Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.
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