Western Asset High Income Fund Inc. (“HIF”) Announces Distribution & Suspends Distribution Reinvestment Program in Antici...
04 June 2013 - 7:13AM
Business Wire
Western Asset High Income Fund Inc. (NYSE: HIF) announced today
a distribution from net investment income of $0.0400 per common
share, payable on June 18, 2013 to shareholders of record as of
June 13, 2013, with an ex-date of June 11, 2013. This distribution
is being paid to common shareholders prior to the Fund’s merger
with and into Western Asset High Income Opportunity Fund Inc.
(NYSE: HIO) effective prior to the opening of business on June 24,
2013.
Western Asset High Income Fund Inc. will merge with and into
Western Asset High Income Opportunity Fund Inc. following the close
of business on June 21, 2013. Effective with the merger and prior
to the opening of business on June 24, 2013, shareholders of
Western Asset High Income Fund Inc. will become shareholders of
Western Asset High Income Opportunity Fund Inc.
In order to facilitate this transaction, Western Asset High
Income Fund Inc. will suspend its distribution reinvestment plan
for the month of June 2013, and distribution reinvestment plan
participants will instead receive cash payments. Any shareholder
that is a participant in the Western Asset High Income Fund Inc.
distribution reinvestment plan will automatically become enrolled
in the distribution reinvestment plan for Western Asset High Income
Opportunity Fund Inc. Any investor who is not currently a plan
participant but wishes to become one may either contact American
Stock Transfer and Trust Company, in writing at 6201 15th Avenue,
Brooklyn, New York 11219 or by telephone at 1-888-888-0151, or
speak with his or her financial advisor.
This press release is not for tax reporting purposes but is
being provided to announce the amount of the Fund's distributions
that have been declared by the Board of Directors. In early 2014,
after definitive information is available, the Fund will send
shareholders a Form 1099-DIV, if applicable, specifying how the
distributions paid by the Fund during the prior calendar year
should be characterized for purposes of reporting the distributions
on a shareholder’s tax return (e.g., ordinary income, long-term
capital gain or return of capital).
Western Asset High Income Fund Inc., a diversified, closed-end
management investment company, is managed by Legg Mason Partners
Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.,
and is sub-advised by Western Asset Management Company, an
affiliate of the investment manager.
Contact the Fund at 1-888-777-0102 for additional information,
or consult the Fund’s web site at www.lmcef.com.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
Media:Western Asset High Income Fund Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
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