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Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of December 31, 2014

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Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) today announced the financial position of the Fund as of December 31, 2014.

December 31, 2014 September 30, 2014 December 31, 2013
Total Net Assets $ 503,270,871 $ 528,002,257 $ 540,413,694
NAV Per Share of Common Stock (a) $ 6.01 $ 6.31 $ 6.46
Market Price Per Share $ 5.37 $ 5.79 $ 5.93
Premium / (Discount) (10.65 )% (8.24 )% (8.20 )%
Outstanding Shares 83,688,580 83,688,580 83,688,580
Total Net Investment Income (b) $ 9,054,801 $ 8,760,829 $ 9,477,364
Total Net Realized/Unrealized Gain/(Loss) (b) $ (24,873,353 ) $ (20,106,436 ) $ 8,170,802
Net Increase (Decrease) in Net Assets From Operations (b) $ (15,818,552 ) $ (11,345,607 ) $ 17,648,166

Earnings per Common Share Outstanding

Total Net Investment Income (b) $ 0.11 $ 0.11 $ 0.11
Total Net Realized/Unrealized Gain/(Loss) (b) $ (0.30 ) $ (0.24 ) $ 0.10
Net Increase (Decrease) in Net Assets From Operations (b) $ (0.19 ) $ (0.13 ) $ 0.21
Undistributed/(Overdistributed) Net Investment Income (c) $ 90,644 $ (51,323 ) $ 150,827
Undistributed/(Overdistributed) Net Investment Income
Per Share (c) $ 0.00 $ (0.00 ) $ 0.00
Footnotes:
(a) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(b) For the quarter indicated.
(c) As of the date indicated above.
Amount represents less than $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commissions website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset High Income Opportunity Fund Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information about the Fund, please call 1-888-777-0102 or consult the Funds web site at www.lmcef.com. Hard copies of the Funds complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

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