On April 7, 2020, Bulldog Investors, LLC announced that it has filed a preliminary proxy statement soliciting proxies and urged the shareholders to vote against the new management agreement. Bulldog Investors stated that the Board of Directors of each of Western Asset High Income Opportunity Fund Inc. has determined to present a proposal to approve a new management agreement with Legg Mason Partners Fund Advisor, LLC and, depending on the Fund, one or more sub-advisory agreements with a subadvisor.