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Zuora Appoints Former HPE, Daimler Executive as New Chief Information Officer

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced a new Chief Information Officer, Paul Heard. Heard joins Zuora with 20 years of corporate IT experience, having led the enterprise transformations of multi-billion dollar companies including Micro Focus, HPE and DaimlerChrysler.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005554/en/

“We are focused on building an enduring software company to help propel the growth of the Subscription Economy®. Paul’s deep knowledge of scaling enterprise-wide IT transformations for multi-billion dollar organizations will help our customers win in this new era of digital business, and advance Zuora’s next phase of growth with a bold technology strategy,” said Daisy Hernandez, SVP of Strategy and Operations at Zuora.

Heard has led enterprise-scale IT transformations a number of times throughout his career. Most recently he was Digital Transformation Leader and Head of Enterprise Architecture at Micro Focus, a $3 billion revenue business and one of the world’s largest software providers. At Micro Focus, upon merging with Hewlett Packard Enterprise’s (HPE’s) software division, Heard initiated and drove the strategy and delivery of the company’s $100 million digital transformation in record time, deploying an entirely new infrastructure by replacing legacy technology applications with an ecosystem of Software-as-a-Service (SaaS) solutions. As the company carried out its merger with HPE, Heard led the enablement of a fully integrated salesforce and common employee management experience.

Prior to his role at Micro Focus, Heard was the Finance and Administration CIO at HPE, where he developed a multi-year technology roadmap for the finance organization which ultimately served as the foundation for HPE’s transformation. While at HP Inc., a $120 billion revenue business at the time, Heard was responsible for enabling the successful IT separation of HPE and HP Inc., leading a team of approximately 800 employees.

Heard also served as CIO of multi-billion dollar automotive company DaimlerChrysler UK (now Mercedes-Benz UK), where he provided strategic technology counsel to the CEO and was responsible for all end-to-end systems and technology to support a $5 billion business with over 400 dealerships in the country.

“I’ve spent my career leading challenging, large-scale IT transformations, replacing legacy technologies and processes with SaaS-based solutions and operations – and have witnessed first hand the incredible foundation for agility and scale that SaaS can offer any company,” said Heard. “As Zuora’s CIO, not only will I use my expertise to continue to build the foundation for Zuora to scale, but will showcase to the world the agile IT infrastructure needed to win in today’s Subscription Economy.”

About Zuora, Inc.

Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy®, the Zuora platform was architected specifically for dynamic, recurring subscription business models and acts as an intelligent subscription management hub that automates and orchestrates the entire subscription order-to-revenue process seamlessly across billing and revenue recognition. Zuora serves more than 1,000 companies around the world, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. Headquartered in Silicon Valley, Zuora also operates offices around the world in the U.S., EMEA and APAC. To learn more about the Zuora platform, please visit www.zuora.com.

© 2020 Zuora, Inc. All Rights Reserved. Zuora, Subscribed, Subscription Economy, Powering the Subscription Economy, and Subscription Economy Index are trademarks or registered trademarks of Zuora, Inc. Third-party trademarks mentioned above are owned by their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release.

SOURCE: Zuora Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005554/en/

Jayne Gonzalez

[email protected]

408-348-1087

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Internet Data Management Other Technology Technology Software

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Paul Heard, CIO, Zuora (Photo: Business Wire)

Advanced Energy Launches New Scholarship Program to Increase Gender, Racial and Ethnic Diversity in STEM

Diversity scholarships to cover tuition and provide internships and professional mentoring for students from University of Colorado, Colorado State University, Colorado School of Mines, University at Buffalo and Rochester Institute of Technology

DENVER, Colo.–(BUSINESS WIRE)–Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – today announced the launch of the Advanced Energy STEM Diversity Scholarship Program, aimed at developing emerging talent and promoting greater ethnic, racial and gender diversity in STEM (science, technology, engineering and mathematics). The annual program will begin in the 2021 academic year and will accept applications from undergraduate and post-graduate students attending five leading institutions in the field of power technologies: the University of Colorado, Colorado State University, Colorado School of Mines, University at Buffalo and Rochester Institute of Technology.

“In order to grow a workforce prepared to meet the challenges of Industry 4.0, the global technology industry faces two significant challenges: meeting the demand for qualified engineers and ensuring a diverse workforce that brings new and differentiated perspectives,” said Yuval Wasserman, chief executive officer at Advanced Energy. “Our company is addressing these challenges head-on with a program that develops students into workforce-ready professionals by providing them with academic assistance, mentoring and hands-on professional experience.”

In addition to providing a $20,000 grant toward the cost of tuition, Advanced Energy’s STEM Diversity Scholarship will provide all recipients with professional mentoring, hands-on experience and the opportunity to work on real-world projects enabling customer innovation in complex power conversion applications.

“We are excited to start mentoring the first group of diverse and talented students seeking careers in electrical engineering, physics and material science,” added Isabel Yang, senior vice president and chief technology officer, Advanced Energy. “By partnering with these universities, we are not only identifying talent that will become the future technical leaders of Advanced Energy, but also building collaborative relationships that will create new growth opportunities for everyone involved and lead to technological innovations that could drive change for industries across the globe.”

The Advanced Energy STEM Diversity Scholarship program is open to undergraduate students entering their second year and post-graduate students seeking a master’s degree or Ph.D. Students interested in being selected for the program are required to submit a formal application by January 15, 2021.

To learn more about the submission and selection process, please visit:

AE website: https://www.advancedenergy.com/stemscholarship

Scholarship brochure: https://www.advancedenergy.com/globalassets/non-resource-library-assets/en-corp-stem-diversity-scholarship.pdf

About Advanced Energy

Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted more than three decades to perfecting power for its global customers and is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005562/en/

Lora Wilson / Valerie Christopherson

Global Results Communications for Advanced Energy Industries, Inc.

[email protected]

+1 949.306.0276

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Other Consumer Other Energy Utilities Philanthropy Energy University Consumer Foundation Education

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Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of December 2020, January and February 2021

NEW YORK–(BUSINESS WIRE)–
Legg Mason Partners Fund Advisor, LLC announced today

that certain closed end funds have declared their distributions for the months of December 2020, January, and February 2021.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/23/2020	12/22/2020	12/31/2020
January	1/22/2021	1/21/2021	2/1/2021
February	2/19/2021	2/18/2021	3/1/2021

Ticker	Fund Name	Month	Amount		Type	Change from Previous Distribution
HIX	Western Asset High Income Fund II Inc.	December	$0.04900		Income	–
		January	$0.04900		Income
		February	$0.04900		Income
HIO	Western Asset High Income Opportunity Fund Inc.	December	$0.03250		Income	–
		January	$0.03250		Income
		February	$0.03250		Income
HYI	Western Asset High Yield Defined Opportunity Fund Inc.	December	$0.09450		Income	–
		January	$0.09450		Income
		February	$0.09450		Income
EHI	Western Asset Global High Income Fund Inc.	December	$0.06700		Income	–
		January	$0.06700		Income
		February	$0.06700		Income
GDO	Western Asset Global Corporate Defined Opportunity Fund Inc.	December	$0.10100		Income	–
		January	$0.10100		Income
		February	$0.10100		Income
IGI	Western Asset Investment Grade Defined Opportunity Trust Inc.	December	$0.06650		Income	–
		January	$0.06650		Income
		February	$0.06650		Income
DMO	Western Asset Mortgage Opportunity Fund Inc.	December	$0.11250		Income	–
		January	$0.11250		Income
		February	$0.11250		Income
SBI	Western Asset Intermediate Muni Fund Inc.	December	$0.02350		Income	–
		January	$0.02350		Income
		February	$0.02350		Income
MMU	Western Asset Managed Municipals Fund Inc.	December	$0.04500		Income	–
		January	$0.04500		Income
		February	$0.04500		Income
MHF	Western Asset Municipal High Income Fund Inc.	December	$0.02180		Income	–
		January	$0.02180		Income
		February	$0.02180		Income
MNP	Western Asset Municipal Partners Fund Inc.	December	$0.04750		Income	–
		January	$0.04750		Income
		February	$0.04750		Income
MTT	Western Asset Municipal Defined Opportunity Trust Inc.	December	$0.04900		Income	(0.0025)
		January	$0.04900		Income
		February	$0.04900		Income

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Directors. In early 2021 and early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

For more information about the Funds, 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. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

Category: Distribution Related

Source: Franklin Templeton

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005628/en/

Investor Contact: Fund Investor Services 1-888-777-0102

 

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Posted on November 17, 2020 8:03 am

Western Asset Global High Income Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

Western Asset Global High Income Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

NEW YORK–(BUSINESS WIRE)–
Western Asset Global High Income Fund Inc. (NYSE: EHI) (the “Fund”) announced today the expiration and preliminary results for its issuer tender offer for up to 50% of the outstanding shares of common stock (“Shares”) of the Fund. The Fund’s tender offer expired on Monday, November 16, 2020 at 11:59 p.m., New York City time.

Based on current information, approximately 21,170,179 Shares were duly tendered and not withdrawn. The purchase price and final number of Shares validly tendered and accepted pursuant to the tender offer will be announced at a later date. The Fund expects to make cash payments for tendered and accepted Shares at a purchase price equal to 99.5% of the per Share net asset value as of the close of the regular trading session of the New York Stock Exchange on November 17, 2020. Payment for such Shares will be made on or about November 19, 2020. Shares that were not tendered will remain outstanding.

Any questions about the tender offer can be directed to Georgeson LLC, the information agent for the tender offer, toll free at (888) 607-9107.

About the Fund

Western Asset Global High Income Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, an indirect wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”), and is sub-advised by Western Asset Management Company, LLC, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd., indirect wholly-owned subsidiaries of Franklin Resources and affiliates of the investment manager.

THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES ARE CONTAINED IN THE FUND’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION

Additional information regarding the matters addressed in the press release may be announced subsequently via press release, which can be accessed at www.lmcef.com. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling Shares of the Fund.

For more information about the Fund, please call Investor Relations: 1-888-777-0102, or consult the Fund’s web site at www.lmcef.com. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Category: Fund Announcement

Source: Franklin Templeton

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005639/en/

Media Contact: Fund Investor Services-1-888-777-0102

 

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Posted on November 17, 2020 8:03 am

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy

NEW YORK–(BUSINESS WIRE)–
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/23/2020	12/22/2020	12/31/2020
January*	1/22/2021	1/21/2021	2/1/2021
February	2/19/2021	2/18/2021	3/1/2021

*BrandywineGLOBAL – Global Income Opportunities Fund Inc.’s (“BWG”) January 2021 distribution will have a record date of12/31/2020, an ex-dividend date of 12/30/2020 and a payable date of 1/29/2021.

Ticker	Fund Name	Month	Amount		Change from Previous Distribution
SCD	LMP Capital and Income Fund Inc.a	December	$0.26000	b	(0.050000)
BWG	BrandywineGLOBAL – Global Income Opportunities Fund Inc. a	December	$0.07500		0.005000
		January*	$0.07500
		February	$0.07500
EMD	Western Asset Emerging Markets Debt Fund Inc. a	December	$0.09000		(0.005000)
		January	$0.09000
		February	$0.09000

^(a) Please see table below for each Fund’s estimated source of distributions.

^(b) Quarterly paying distribution.

*^{BWG’s January 2021 distribution will have a record date of 12/31/2020, an ex-dividend date of 12/30/2020 and a payable date of 1/29/2021.}

Under the terms of each Fund’s managed distribution policy, the Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund’s investment portfolio. Shareholders should note that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distributions paid, the difference will be distributed from the Fund’s assets and may constitute a return of the shareholder’s capital. The Board of Directors may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund’s shares.

Each Fund’s distributions have been set based on the current level of income generated from the Fund’s investment portfolio and accumulated capital gains, if any. Based on the Funds’ tax accounting records, which also factors in currency fluctuations, each Fund’s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Fund	Fiscal Year End		Income		Short-Term Capital Gains		Long-Term Capital Gains		Return of Capital
SCD	Nov 30		12.70%		–		–		87.3%	(a)
BWG	Oct 31		100.00%		–		–		–	(b)
EMD	Dec 31		100.00%		–		–		–	(c)

^(a) Sources of cumulative fiscal year-to-date distributions are estimated through December 31, 2020.

^(b) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2021.

^(c) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2021. Cumulative fiscal year-to-date distributions are estimated to be 91.65% sourced from income and 8.35% from a return of capital through December 31, 2020.

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Directors. In early 2021 and early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly-owned subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

For more information about the Funds, 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. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

Category: Distribution Related

Source: Franklin Templeton

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005640/en/

Investor Contact: Fund Investor Services 1-888-777-0102

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Posted on November 17, 2020 8:03 am

Western Asset High Income Opportunity Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

Western Asset High Income Opportunity Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

NEW YORK–(BUSINESS WIRE)–
Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) (the “Fund”) announced today the expiration and preliminary results for its issuer tender offer for up to 25% of the outstanding shares of common stock (“Shares”) of the Fund. The Fund’s tender offer expired on Monday, November 16, 2020 at 11:59 p.m., New York City time.

Based on current information, approximately 60,615,942 Shares were duly tendered and not withdrawn. Because the number of Shares tendered exceeds 31,699,738 Shares, the tender offer has been oversubscribed. Therefore, in accordance with the terms and conditions specified in the tender offer, the Fund will purchase Shares from all tendering stockholders on a pro rata basis, disregarding fractions. The purchase price and final number of Shares validly tendered and accepted pursuant to the tender offer will be announced at a later date. The Fund expects to make cash payments for tendered and accepted Shares at a purchase price equal to 99.5% of the per Share net asset value as of the close of the regular trading session of the New York Stock Exchange on November 17, 2020. Payment for such Shares will be made on or about November 19, 2020. Shares that were not tendered will remain outstanding.

Any questions about the tender offer can be directed to Georgeson LLC, the information agent for the tender offer, toll free at (888) 607-9107.

About the Fund

Western Asset High Income Opportunity Fund Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, an indirect wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”), and is sub-advised by Western Asset Management Company, LLC and Western Asset Management Company Limited, indirect wholly-owned subsidiaries of Franklin Resources and affiliates of the investment manager.

THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES ARE CONTAINED IN THE FUND’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION

Additional information regarding the matters addressed in the press release may be announced subsequently via press release, which can be accessed at www.lmcef.com. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling Shares of the Fund.

For more information about the Fund, please call Investor Relations: 1-888-777-0102, or consult the Fund’s web site at www.lmcef.com. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Category: Fund Announcement

Source: Franklin Templeton

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005652/en/

Media: Fund Investor Services-1-888-777-0102

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Posted on November 17, 2020 8:03 am

Western Asset High Income Fund II Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

Western Asset High Income Fund II Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock

NEW YORK–(BUSINESS WIRE)–
Western Asset High Income Fund II Inc. (NYSE: HIX) (the “Fund”) announced today the expiration and preliminary results for its issuer tender offer for up to 35% of the outstanding shares of common stock (“Shares”) of the Fund. The Fund’s tender offer expired on Monday, November 16, 2020 at 11:59 p.m., New York City time.

Based on current information, approximately 25,577,060 Shares were duly tendered and not withdrawn. The purchase price and final number of Shares validly tendered and accepted pursuant to the tender offer will be announced at a later date. The Fund expects to make cash payments for tendered and accepted Shares at a purchase price equal to 99.5% of the per Share net asset value as of the close of the regular trading session of the New York Stock Exchange on November 17, 2020. Payment for such Shares will be made on or about November 19, 2020. Shares that were not tendered will remain outstanding.

Any questions about the tender offer can be directed to Georgeson LLC, the information agent for the tender offer, toll free at (888) 607-9107.

About the Fund

Western Asset High Income Fund II Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, an indirect wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”), and is sub-advised by Western Asset Management Company, LLC, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd., indirect wholly-owned subsidiaries of Franklin Resources and affiliates of the investment manager.

THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING PLANS AND EXPECTATIONS FOR THE FUTURE THAT CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT ARE FORWARD-LOOKING AND CAN BE IDENTIFIED BY THE USE OF WORDS SUCH AS “MAY,” “WILL,” “EXPECT,” “ANTICIPATE,” “ESTIMATE,” “BELIEVE,” “CONTINUE” OR OTHER SIMILAR WORDS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE FUND’S CURRENT PLANS AND EXPECTATIONS, AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION CONCERNING SUCH RISKS AND UNCERTAINTIES ARE CONTAINED IN THE FUND’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION

Additional information regarding the matters addressed in the press release may be announced subsequently via press release, which can be accessed at www.lmcef.com. Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling Shares of the Fund.

For more information about the Fund, please call Investor Relations: 1-888-777-0102, or consult the Fund’s web site at www.lmcef.com. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Category: Fund Announcement

Source: Franklin Templeton

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005634/en/

Media Contact: Fund Investor Services-1-888-777-0102

 

KEYWORDS: New Mexico United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Posted on November 17, 2020 8:03 am

CarParts.com Releases National Ad Campaign and Brand Identity

CarParts.com Releases National Ad Campaign and Brand Identity

Ad Highlights How CarParts.com is the Smarter Way to Shop

TORRANCE, Calif.–(BUSINESS WIRE)–
Today, CarParts.com, Inc. (NASDAQ: PRTS) (“CarParts.com”) announced the release of its all-new and first-ever live shot national advertising campaign, featuring the brand’s evolved look and feel. CarParts.com teased the new branding earlier this month with Front Row Motorsports and Michael McDowell ahead of the November 1^st NASCAR Cup Series race at Martinsville.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005679/en/

(Photo: Business Wire)

“The new brand identity is all about becoming our customers’ teammates, to form a community with them,” said CarParts.com Chief Marketing Officer Houman Akhavan. “We’re here to make shopping for auto parts hassle-free and budget-friendly, and to help fuel our customers’ journeys. Whether it’s getting an essential worker to her critical job, being there for a family’s weekend getaway, or maybe just a holiday drive-through event, CarParts.com is here to get drivers from point A to point B with confidence. We want to be a part of your journey and help create memories that last.” More about the new branding is available here: https://youtu.be/VpdQO7PAsLk.

As for the ecommerce company’s new advertising campaign, it highlights how CarParts.com’s intuitive mobile shopping experience and savings of up to 50% off make CarParts.com the smarter way to shop for all of your vehicle’s repair and maintenance needs. The ad started airing today across major networksand YouTube. The full ad can be viewed here: https://youtu.be/X7HOFgoPU9c.

“CarParts.com has always been about putting the customer experience first,” said CarParts.com CEO Lev Peker. “In building that experience, the first step is to put ourselves in our customers’ shoes. We understand that people need their cars, whether it’s for their jobs or just for camping trips. Waiting days for a replacement part isn’t an option, and it shouldn’t be. That’s why getting a guaranteed fit the first time is so important. Our new ad highlights how customers win when they shop with us. We’re excited to see how our customers respond.”

The ad marks another step in CarParts.com’s rapid growth. In Q3, CarParts.com’s net sales increased 69%, with gross profit more than doubling. As the company’s third consecutive record-breaking quarter and seventh consecutive quarter of gross margin expansion, Q3’s results are part of a trend dating back over a year. CarParts.com’s leadership fueled this growth with an aggressive operational, supply-chain, and marketing strategy, working tirelessly to find new customers. Their strategy includes a data-driven approach, as well as the sponsorship of Front Row Motorsports and NASCAR Cup Series driver Michael McDowell, and venturing into the TV space with commercials and the company’s most recent integrations with Brenton Productions’ Truck U and Two Guys Garage on the MotorTrend Network. The release of today’s ad marks the next step in the strategy.

“CarParts.com’s success is due to our relentless efforts to always do better than we have before,” said Akhavan. “We’re always trying to reach new customers and offer them better service at better prices, exactly when they need it. Our new ad is yet one more example of us striving to do better. Adding to our recent company turnaround and emphasis on being a tech brand, we now have a future-proof identity on our journey to be the leading auto parts company in the U.S.”

About CarParts.com

Regardless of your experience level with cars, we believe that getting the right parts for yours should be easy, so you can reinvest your time and energy in the journey ahead.

Which is why at CarParts.com, we put the customer experience first. With a simple and convenient online platform, we have transformed the way drivers shop for parts in today’s digital world. It’s smarter, quicker, and hassle-free.

With over 25 years of experience, and 50 million parts delivered, we’ve streamlined our website and sourcing network to better serve the way drivers get the parts they need. Utilizing the latest technologies and design principles, we’ve created an easy-to-use, mobile-friendly shopping experience that, alongside our own nationwide distribution network, cuts out the brick-and-mortar supply chain costs and provides quality parts at a budget-friendly price.

At CarParts.com, we know that drivers need to get back on the road quickly, so no matter who you are, what you drive, or where you’re going, we’re here for you.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005679/en/

Media:

Sasha Trosman

[email protected]

Investors:

Ryan Lockwood

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Other Manufacturing Automotive General Automotive Marketing Advertising Automotive Manufacturing Communications Manufacturing Retail Online Retail

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(Photo: Business Wire)

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