Western Asset High Yield Defined Opportunity Fund Inc. Announces Unaudited Financial Results for the Quarter Ended August 31, 2017
October 09, 2017 at 08:00 am EDT
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Western Asset High Yield Defined Opportunity Fund Inc. announced unaudited financial results for the quarter ended August 31, 2017. For the period, the company reported NAV per share of common stock of $16.78 against $16.46 a year ago. Loss per common share outstanding was 0.10 cents against 0.03 cents a year ago. Total net investment income was $6,346,936 or $0.28 per share against $7,445,584 or $0.33 per share a year ago. Total net realized/unrealized loss was $2,927,708 or $0.13 per share against total net realized/unrealized gain of $14,003,416 or $0.61 per share a year ago. Net increase in net assets from operations was $3,419,228 or $0.15 per share against $21,449,000 or $0.94 per share a year ago. Net investment loss per share was 0.10 cents against income per share of 0.03 cents a year ago.
Western Asset High Yield Defined Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide high income. The Fund seeks capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in a portfolio of high-yield corporate fixed-income securities with varying maturities. The Fund invests in various industrial sectors, which include communications, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate and utilities. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fundâs investment manager.
WESTERN ASSET HIGH YIELD DEFINED OPPORTUNITY FUND INC. 
