Western Asset High Yield Defined Opportunity Fund
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HYI Western Asset High Yield Defined Opportunity Fund
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Company profile

Western Asset High Yield Defined Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide high income. As a secondary investment objective, the Fund will seek capital appreciation. The Fund will invest at least 80% of its net assets in fixed income securities of below investment grade quality (commonly referred to as high-yield securities or junk bonds). These high-yield securities may be rated as low as C by Moody’s, CCC or lower by S&P or CC or lower by Fitch or comparably rated by another NRSRO or, if unrated, determined by sub-adviser to be of comparable quality.. The Fund may invest up to 20% of its net assets in securities that, at the time of investment, are considered illiquid. Legg Mason Partners Fund Advisor, LLC (LMPFA) act as the investment manager of the Fund. Western Asset Management Company (Western Asset) is the Fund’s sub-adviser.

Closing Price
$15.22
Day's Change
-0.10 (-0.65%)
Bid
--
Ask
--
B/A Size
--
Day's High
15.38
Day's Low
15.22
Volume
(Light)
Volume:
40,355

10-day average volume:
67,074
40,355

Apple on the verge of reaching $1 trillion in market cap for first time in 10 months

10:03 am ET September 11, 2019 (MarketWatch)
Print

Shares of Apple Inc. (AAPL) rallied 1.7% toward a 10-month high in morning trading Wednesday, after rising 1.2% the previous sessions on the back of the technology behemoth's iPhone launch event (http://www.marketwatch.com/story/apple-drops-price-on-new-iphone-11-undercuts-netflix-and-disney-on-streaming-2019-09-10). With the stock's recent rally, Apple is on the verge of getting back to being a trillion dollar company, something it hasn't been since Nov. 1, 2018; Apple's market capitalization is currently $995.4 billion. The stock only needs to rise another 0.5% to close at or above $221.28 for Apple's market cap to top $1 trillion, based on the latest disclosed 4.52 billion shares outstanding as of July 19. Getting back to being a trillion-dollar company would complete a recovery from a market-cap low of about $672.5 billion on Jan. 3, when the stock closed at a 21-month low of $142.19. Since then, Apple's stock has run up 55%, while the Dow Jones Industrial Average has gained 19%. Apple's market cap is still behind first-place Microsoft Corp. (MSFT) at $1.04 trillion, but is nearly $100 billion above third-place Amazon.com Inc. (AMZN) at $898.0 billion.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 11, 2019 10:03 ET (14:03 GMT)

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