NEW YORK--(BUSINESS WIRE)--Western Asset High Income Fund II Inc. (NYSE: HIX) announced today the final results for its issuer tender offer for up to 35% of the outstanding shares of common stock of the Fund. The Fund’s tender offer expired on Monday, November 16, 2020 at 11:59 p.m., New York City time.

The Fund accepted 25,577,060.24 duly tendered and not withdrawn Shares, representing approximately 30.36% of the Fund’s outstanding Shares. The Shares accepted for tender were repurchased at a price of $7.01 equal to 99.5% of the per Share net asset value, $7.05, as of the close of the regular trading session of the New York Stock Exchange on November 17, 2020. Payment for such Shares will be made on or about November 19, 2020. Shares that were not tendered will remain outstanding.

About the Fund

Western Asset High Income Fund II Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, an indirect wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”), and is sub-advised by Western Asset Management Company, LLC, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd., indirect wholly-owned subsidiaries of Franklin Resources and affiliates of the investment manager.