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Our subscriber mailbag served up an important question from a reader this week. What are the perfect retirement dividends to buy and hold forever? notes Brett Owens, fund specialist and editor of Contrarian Outlook.

Western Asset High Income Fund II Inc. (NYSE: HIX) (the "Fund") today announced that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two of the leading independent proxy advisory firms, recommend that shareholders vote to approve the new agreements between the Fund and its investment manager and subadvisers.

Each of the Funds listed above announced today that, due to the public health impact of the coronavirus ("COVID-19") pandemic and to support the health and safety of its shareholders, the location of the Special Meeting of Shareholders (the "Meeting") of the Fund has been changed. As previously announced, each Fund’s Meeting will be held on Friday, June 5, 2020 at 9:00 a.m. Eastern Time. In light of public health concerns regarding COVID-19, the Meeting will be held in a virtual meeting format only. Each Meeting will be accessible solely by means of remote communication.

Western Asset High Income Fund II Inc. (NYSE: HIX) today announced the financial position of the Fund as of January 31, 2020.