Western Asset Investment Grade Defined Opportunity Trust Inc. Reports Earnings Results for the Period February 29, 2016
June 30, 2016 at 01:00 pm
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Western Asset Investment Grade Defined Opportunity Trust Inc. reported earnings results for the period February 29, 2016. For the period, the company reported total net investment income of $2,650,299 or $0.25 per share against $2,562,124 or $0.24 per share a year ago. Total net unrealized loss was $8,278,131 or $0.77 per share against total net realized gain of $2,122,344 or $0.24 per share a year ago. Net decrease in net assets from operations was $5,627,832 or $0.52 per share against net increase in net assets from operations of $4,684,468 or $0.44 per share a year ago. Undistributed net investment income was $1,167,635 or $0.11 per share against $2,329,546 or $0.22 per a year ago. NAV per share of common stock was $19.46 against $21.75 a year ago.
Western Asset Investment Grade Defined Opportunity Trust Inc. is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund's net assets to stockholders. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed-income securities of varying maturities. The Fund's investment portfolio sectors include corporate bonds and notes; consumer discretionary; consumer staples; financials; energy; health care; industrials; information technology; utilities; materials; communication services; municipal bonds, and real estate. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager.
WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC. 
