04 May 2004 01:56
Salomon Brothers High Income Fund II as of March 31, 2004
NEW YORK, May 4 /PRNewswire-FirstCall/ -- Salomon Brothers High Income Fund II Inc. as of March 31, 2004
Investment Objective: The Fund seeks to maximize current income. As a secondary objective, the Fund seeks capital
appreciation. Portfolio Composition* Asset Allocations: High Yield 83.30% Emerging Market Debt 15.19 Cash 1.51 High
Yield Allocation: US 76.10% Canada 2.96 UK 1.83 France 0.84 Netherlands 0.61 Bermuda 0.43 Ireland 0.29 Bahamas 0.24
Ratings Breakdown: BBB 7.02% BB 21.01 B 46.51 CCC 18.16 CC 0.82 C 0.57 Below C 0.42 NR 3.98 Cash 1.51 Top Ten
Industries: Cable & Other Media 10.99% Energy 7.44 Telecommunications 7.35 Chemicals 5.79 Consumer Products/Tobacco
5.64 Healthcare 5.44 Gaming 5.24 Utilities 4.30 Tower 3.50 Tech/Electronics 2.77 Top Five Emerging Market Debt
Countries: Brazil 3.68% Russia 2.50 Mexico 2.30 Colombia 1.07 Venezuela 1.06 Currency Allocation: US Dollar 100%
Treasury Duration: 4.6 years Spread Duration: 4.4 years Average Maturity: 9.1 years Average Life: 8.8 years * Portfolio
holdings and weightings are subject to change at any time. Inception Date: May 22, 1998 Total Net Assets: $860.490
million Leverage: 25.98% Market Price: $12.78 NAV: $11.34 (Daily NAV is available on market quotation systems using the
symbol XHGIX.) Dividend Rate: $0.1150 Frequency: Monthly
Salomon Brothers High Income Fund II Inc., a diversified investment management company, is managed by Salomon
Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc.
For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at
http://www.sbam.com/. Salomon Brothers High Income Fund II Inc.
CONTACT: Brenda Grandell, Director, Closed-End Funds, +1-212-291-3775, or Edward Giltenan, Head of Public Relations,
+1-212-559-6746, both of Citigroup Asset Management for Salomon Brothers High Income Fund II Inc.
Web site: http://www.sbam.com/
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