- Western Asset High Yield Defined Opportunity Fund (HYI, Financial) reports a net asset decrease to $276.4 million as of February 2025.
- Net investment income increased by 9.5% from the previous quarter, totaling $5.41 million.
- The current share market price is $12.08, trading at a 0.98% discount to NAV.
The Western Asset High Yield Defined Opportunity Fund Inc. (HYI) has released its financial results for the period ending February 28, 2025. The fund's total net assets reported a slight decline to $276,431,374 from $278,752,612 in the previous quarter and $280,855,563 from the same period last year.
The net asset value (NAV) per share was noted at $12.20, a slight decrease from the previous quarter's $12.30. The market price per share also saw a minor drop to $12.08 from $12.14 in the previous quarter. Despite these decreases, the fund's discount to NAV improved slightly to 0.98% from 1.30%.
For Q1 2025, HYI reported a total net investment income of $5,407,560, up from $4,938,198 in Q4 2024, marking a 9.5% increase. Despite this rise in investment income, the fund experienced a net realized/unrealized loss of $1,307,879, leading to a net increase in assets from operations of $4,099,681. This results in earnings per share of $0.18, a decline from $0.35 in the previous quarter.
The fund maintains 22,666,975 outstanding shares. It continues to provide detailed financial data through its reports filed with the Securities and Exchange Commission, available on the SEC's website. Investors can also request hard copies of the Fund's complete audited financial statements free of charge.
