Western Asset High Income Opportunity Fund, Inc. (HIO)

About

Western Asset High Income Opportunity Fund Inc. is a diversified, closed-end management investment company. The Fund seeks high current income. Capital appreciation is a secondary objective. It invests, under normal market conditions, approximately 80% of its net assets in high-yield securities and over 20% in common stock equivalents, including options, warrants and rights. The Fund invests in sectors, such as auto components, hotels, restaurants and leisure, household durables, multiline retail, specialty retail, beverages, food and staples, food products, household products, tobacco, energy equipment and services, oil, gas and consumable fuels, banks, capital markets, consumer finance, insurance, biotechnology, healthcare equipment and supplies, pharmaceuticals, aerospace and defense, and building products. Western Asset Management Company and Western Asset Management Company Limited are the sub-advisors of the Fund. Legg Mason Partners Fund Advisor, LLC is its investment manager.