Company overview
Understand the business
Western Asset High Yield Opportunity Fund Inc. (HYI) is a U.S.-domiciled closed-end investment fund. HYI invests primarily in high-yield corporate fixed-income securities. Its cash generation depends on borrower payments, while changes in credit spreads and realized losses influence portfolio value.
Primary earnings measures
Reported fund net investment income per common share, with its exact reporting period, is the core income measure shown here. Realized gains, unrealized changes and distributions are separate measures.
How the company supports its distribution
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.