![](https://2c717466dc25cd7041c9-8eeda6a8ca964cf210ed223dbc947813.ssl.cf2.rackcdn.com/21456496-739695298-image_1304033196-100x67.jpeg)
HIX: Some Good Characteristics, But Distribution Is Destructive
Richard Drury The Western Asset High Income Fund II (NYSE:HIX) is a closed-end fund aka CEF that income-focused investors can purchase as a method of earning a very high level of current income from the assets in their portfolios. Western Asset funds in …