<SEC-DOCUMENT>0001193125-20-068812.txt : 20200310
<SEC-HEADER>0001193125-20-068812.hdr.sgml : 20200310
<ACCEPTANCE-DATETIME>20200310162457
ACCESSION NUMBER:		0001193125-20-068812
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200310
DATE AS OF CHANGE:		20200310
EFFECTIVENESS DATE:		20200310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC.
		CENTRAL INDEX KEY:			0000910068
		IRS NUMBER:				133735236
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07920
		FILM NUMBER:		20701839

	BUSINESS ADDRESS:	
		STREET 1:		620 EIGHTH AVENUE
		STREET 2:		49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		888-777-0102

	MAIL ADDRESS:	
		STREET 1:		620 EIGHTH AVENUE
		STREET 2:		49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HIGH INCOME OPPORTUNITY FUND INC
		DATE OF NAME CHANGE:	19941230

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY HIGH INCOME OPPORTUNITY FUND INC
		DATE OF NAME CHANGE:	19930913

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY HIGH INCOME FUND INC
		DATE OF NAME CHANGE:	19930802
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d872601ddefa14a.htm
<DESCRIPTION>WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC.
<TEXT>
<HTML><HEAD>
<TITLE>WESTERN ASSET HIGH INCOME OPPORTUNITY FUND INC.</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Rule 14a-101) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION
REQUIRED IN PROXY STATEMENT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 14A INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>(Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filed by the
Registrant&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Filed by a Party other than the
Registrant&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Preliminary Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>Confidential, for Use of the Commission Only (as permitted by Rule <FONT STYLE="white-space:nowrap">14a-6(e)(2))</FONT></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Definitive Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Definitive Additional Materials</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>WESTERN ASSET HIGH INCOME </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>OPPORTUNITY FUND INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified in Its Charter) </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="90%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">No fee required.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee computed on table below per Exchange Act Rules <FONT STYLE="white-space:nowrap">14a-6(i)</FONT> (1) and <FONT STYLE="white-space:nowrap">0-11.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title of each class of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate number of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule <FONT STYLE="white-space:nowrap">0-11</FONT>
(set forth the amount on which the filing fee is calculated and state how it was determined):</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Proposed maximum aggregate value of transaction:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(5)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total fee paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee paid previously with preliminary materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Check box if any part of the fee is offset as provided by Exchange Act Rule <FONT STYLE="white-space:nowrap">0-11(a)&nbsp;(2)</FONT> and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by the registration statement number, or the Form or Schedule and the date of its filing.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amount Previously Paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form, Schedule or Registration Statement No.:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filing Party:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date Filed:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Stockholders Vote </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>&#147;FOR&#148; Western Asset High Income Opportunity Fund&#146;s Director Nominees </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><I>Recommend Stockholders Vote &#147;AGAINST&#148; the <FONT STYLE="white-space:nowrap">Non-binding</FONT> Self-Tender Offer/Liquidation Proposal
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><I>Western Asset High Income Opportunity Fund Urges Stockholders to Protect the Value of Their Investment by Voting &#147;FOR&#148; the
Fund&#146;s Director Nominees and &#147;AGAINST&#148; the <FONT STYLE="white-space:nowrap">non-binding</FONT> Self-Tender Offer/Liquidation Proposal </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>NEW
YORK &#151; March</B><B></B><B>&nbsp;10, 2020</B> &#151; Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) (&#147;the Fund&#148;) today announced that Institutional Shareholder Services (&#147;ISS&#148;) and Glass Lewis&nbsp;&amp; Co.
(&#147;Glass Lewis&#148;), two of the leading independent proxy advisory firms, recommend that stockholders vote <B>&#147;FOR&#148;</B> the Fund&#146;s highly-qualified director nominees &#151; Robert D. Agdern, Carol L. Colman, CFA and Daniel P.
Cronin &#151; and <B>&#147;AGAINST&#148;</B> the Self-Tender Offer/Liquidation Proposal from Saba Capital Management, L.P. (&#147;Saba Capital&#148;) by voting on the Proxy Card in connection with the Annual Meeting of Stockholders scheduled for
9:30 a.m. Eastern Time on March&nbsp;20, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">In their reports dated March&nbsp;6, 2020 and March&nbsp;9, 2020, respectively, ISS and Glass Lewis noted<SUP
STYLE="font-size:85%; vertical-align:top">1</SUP>: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;Despite the fund&#146;s current market price discount to NAV, Saba has not demonstrated that a tender offer for the
fund&#146;s outstanding shares is warranted given the negative repercussions associated with implementing an aggressive tender offer such as the one being proposed by Saba. Furthermore, the fund&#146;s discount has narrowed in recent months and is
in line with the discount of its closest peer.&#148; <I>ISS report dated March</I><I></I><I>&nbsp;6, 2020</I> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;&#133;it is worth noting HIO has recently repositioned its portfolio, increased its distribution level from a low of
$0.0265 to a current high of $0.0325 and secured management fee waivers between December&nbsp;1, 2018 and November&nbsp;30, 2020. We expect the foregoing factors, rather than any bump from Saba &#151; e.g. the Fund&#146;s shares increased just 0.8%
on submission of the Dissident proposal &#151; have contributed to HIO&#146;s improved performance and reduced discount.&#148; <I>Glass Lewis report dated March</I><I></I><I>&nbsp;9, 2020</I> </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;With a market value of $635.91&nbsp;million and a reported expense ratio of 0.86&nbsp;percent, as of Sept. 30, 2019,
an aggressive tender offer such as the one proposed by Saba could lead to a drastic reduction in the fund&#146;s size and increase in its expense ratio &#151; making the fund less attractive to investors.&#148; <I>ISS report dated
March</I><I></I><I>&nbsp;6, 2020</I> </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;&#133;we do not believe Saba has provided sufficiently compelling and <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">up-to-date</FONT></FONT> perspectives to support its resolution at this time. Accordingly, we recommend shareholders vote <B>AGAINST </B>this proposal.&#148; <I>Glass Lewis report dated March</I><I></I><I>&nbsp;9, 2020</I>
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&#147;&#133;shareholder support for the self-tender offer for all of the fund&#146;s outstanding shares is not warranted at
this time.&#148; <I>ISS report dated March</I><I></I><I>&nbsp;6, 2020</I> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">&#147;The recommendations from ISS and Glass Lewis reinforce our belief
that the Board has the right experience, skills and diversity to continue to act in the best interests of all stockholders,&#148; said Jane E. Trust, Chairman, President and Chief Executive Officer of Western Asset High Income Opportunity Fund.
&#147;We are pleased that ISS and Glass Lewis recognize the merits of maintaining the Fund&#146;s current structure and agree that the Board is taking the right steps to continue delivering long-term, sustainable value for all stockholders.&#148;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Western Asset High Income Opportunity Fund&#146;s Board has a proven track record of working with the Fund&#146;s investment advisor to achieve its objectives,
including: </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> Permission to use quotations neither sought nor obtained. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Outperforming<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> the Fund&#146;s benchmark<SUP
STYLE="font-size:85%; vertical-align:top">3</SUP> index averages, including delivering total returns of 24.21% vs. 14.32% on a <FONT STYLE="white-space:nowrap">1-year</FONT> basis; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Delivering a <FONT STYLE="white-space:nowrap">5-year</FONT> annualized distribution rate of 6.76%, above the Fund&#146;s
Lipper peer group<SUP STYLE="font-size:85%; vertical-align:top">4</SUP> average of <BR>6.66%<SUP STYLE="font-size:85%; vertical-align:top">5</SUP>; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Increasing the Fund&#146;s distribution payout four times in 2019; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman">&#9679;</FONT></TD>
<TD WIDTH="2%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Reducing the discount between the Fund&#146;s net asset value and market price by almost 38% since December 2018.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">The Board encourages stockholders to follow the recommendations from ISS and Glass Lewis by voting on the Proxy Card today <B>&#147;FOR&#148;
</B>Robert D. Agdern, Carol L. Colman, CFA and Daniel P. Cronin<B> </B>and <B>&#147;AGAINST&#148;</B> the <FONT STYLE="white-space:nowrap">non-binding</FONT> <FONT STYLE="white-space:nowrap">Self-Tender</FONT> Offer/Liquidation Proposal.<B> </B>
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>

<TD WIDTH="98%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><B>Your Vote Is Important, No Matter How Many or How Few Shares You Own</B></P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="center">You can vote by Internet, telephone or by signing
and dating the Proxy Card and mailing it in the envelope provided.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">If you have any questions about how to vote your shares, or need additional assistance, please contact:</P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g872601innisfree.jpg" ALT="LOGO">
</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">Stockholders Call Toll-Free: (877)
825-8621</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center">Banks and Brokers Call: (212) 750-5833</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>About Western Asset High Income Opportunity Fund </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Western Asset High Income Opportunity Fund Inc., a diversified <FONT STYLE="white-space:nowrap">closed-end</FONT> investment management company, is managed by Legg
Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is <FONT STYLE="white-space:nowrap">sub-advised</FONT> by Western Asset Management Company, an affiliate of the investment manager. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">For more information about the Fund, please call
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-888-777-0102</FONT></FONT></FONT> or consult the Fund&#146;s web site
at&nbsp;<FONT STYLE="font-family:ARIAL; font-size:10pt" COLOR="#0563c1"><U>http://www.lmcef.com</U></FONT><FONT STYLE="font-family:ARIAL">. Hard copies of the Fund&#146;s complete audited financial statements are available free of charge upon
request. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Forward Looking Statement </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Past performance is
no guarantee of future results.</B> The information provided is not intended to be a forecast of future events, a guarantee of future results or investment advice. </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:26%">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>
Based on market price for the period ended December&nbsp;31, 2019. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP> The benchmark is based on the Bloomberg
Barclays U.S. Corporate High Yield &#151; 2% Issuer Cap Index. The Bloomberg Barclays U.S. Corporate High Yield &#151; 2% Issuer Cap Index is an index of the 2% Issuer Cap component of the Bloomberg Barclays U.S. Corporate High Yield Index, which
covers the U.S. dollar-denominated, <FONT STYLE="white-space:nowrap">non-investment</FONT> grade, fixed-rate, taxable corporate bond market. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><SUP
STYLE="font-size:85%; vertical-align:top">4</SUP> The Fund&#146;s Lipper peer group refers to the peer group of high-yield, levered <FONT STYLE="white-space:nowrap">closed-end</FONT> funds as selected by Lipper, an independent nationally recognized
provider of investment company information. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><SUP STYLE="font-size:85%; vertical-align:top">5</SUP> Yield based on net asset value as of December&nbsp;31, 2019. </P>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">All investments are subject to risk including the possible loss of principal. All benchmark performance reflects no
deduction for fees, expenses or taxes. Please note that an investor cannot invest directly in a benchmark. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Media Contact </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Western Asset High Income Opportunity Fund </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">877-825-8621</FONT></FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Or </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Joele Frank,
Wilkinson Brimmer Katcher </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Andy Brimmer / Dan Katcher / Mahmoud Siddig </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">212-255-4449</FONT></FONT> </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g872601innisfree.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g872601innisfree.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M^GGX?\$/^%E#_H$G_O\ _P#V-'UW^[^(?V'_ -//P_X(?\+*'_0)/_?_ /\
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M !0!M:.ZM':A1E[2Z:>1!RS(R;=P Y.",$#G!S6]-[>3.'$IIRO]I)+U3O\
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M//J9+2E_#DUZZG5:3K>E^++2:W:WR4'[VWG4'@]#Z$5UTZL*Z:M\CR,1A:^
MFI)^C1YUXETE-%UV:TA),!421Y.2JGM^!!KS:]-4Y\JV/I\#B'B:"G+?9GH?
M@?\ Y%&R_P"!_P#H9KT<+_"1\SFO^]R^7Y(\G?\ ULG^^W\S7D/<^R6R]$>C
M_#C_ ) MW_U\G_T%:]/!? _4^7SO^-'T_5G%>)?^1IU3_KO_ $%<-;^+(]W
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M*5R'L!0!UWP[_P"1@G_Z]F_]"6NS!_Q'Z'C9U_NZ]?T8OQ%_Y#UO_P!>P_\
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MWU^?F=?78>*% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
6% !0 4 % !0 4 % !0 4 % !0!__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
