IPO Company Profile
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Salomon Brothers High Income Fund II, Inc.
Seven World Trade Center, New York, NY 10048 * (888) 777-0102

The company is closed end investment trust. The Fund's investment objective is to seek to maximize current income by investing primarily in a diversified portfolio of high yield debt securities rated at the time in medium and lower rating categories.

Primary Underwriting Group
ManagerTierPhone
Salomon Smith BarneyLead Manager (212) 723-7300
A.G. Edwards & Sons, Inc.Co-manager (314) 955-3039
Advest, Inc.Co-manager (860) 509-2177
Everen Securities, Inc.Co-manager (312) 574-6859
Fahnestock & Co. Inc.Co-manager (212) 668-8163
Janney Montgomery ScottCo-manager (215) 665-6520
Legg Mason Wood Walker, Inc.Co-manager (410) 539-4038
McDonald & Company Securities, Inc.Co-manager (216) 443-2370
Morgan Keegan & Company, IncorporatedCo-manager (901) 529-5357
Robinson-Humphrey Company, Inc., TheCo-manager (404) 266-6450
Tucker Anthony IncorporatedCo-manager (800) 453-8205
Wedbush Morgan SecuritiesCo-manager (213) 688-8050

Offering Information
NYSE:HIX Financial: SIC 6726
Type of Shares:Common Shares Filing Date:3/20/98
U.S. Shares:57,170,000 Offer Date:5/22/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:57,170,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:$0.75
Offering Amount: $857,550,000 Selling:$0.45
Expenses: - Reallowance:$0.10
Post-IPO Shares:57,176,667

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Simpson, Thacher & Bartlett
Bank's Law Firm: Skadden, Arps, Slate, Meagher & Flom
Registrar/Transfer Agent: PNC Bank, Pennsylvania
Auditor: Price Waterhouse

Use of Proceeds
The proceeds from the proposed offering will be invested in accordance in with the objectives of the Fund.

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