HIO: Limited Protection Against A Resurgence Of Inflation And Limited Upside Potential [Seeking Alpha]
Western Asset High Income Opportunity Fund, Inc. (HIO)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-high-income-opportunity-fund-inc.html
Company Research
Source: Seeking Alpha
Power Hedge Investing Group Leader Follow Summary The Western Asset High Income Opportunity Fund offers a high yield of 10.76%, outperforming peers but with potential risks due to inflation. The fund primarily invests in junk bonds, but has the potential to invest in common stocks. It is not currently exercising this option. Bonds may not provide sufficient protection against a resurgence of inflation, which is quite possible once the Fed cuts rates. The fund's distribution is attractive but inconsistent, relying on unrealized gains to cover payouts, which may not be sustainable. Shares trade at a 5.25% discount to NAV, which is a reasonably attractive entry point. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » Anthony Bradshaw The Western Asset High Income Opportunity Fund ( NYSE: HIO ) is a closed-end fund that specializes in providing its investors with a
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