Western Asset Investment Grade Defined Opportunity Trust Inc. Reports Unaudited Earnings Results for the Quarter Ended February 28, 2017
April 12, 2017 at 01:00 pm
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Western Asset Investment Grade Defined Opportunity Trust Inc. reported unaudited earnings results for the quarter ended February 28, 2017. For the quarter, the company reported total net investment income of $2,637,229 or $0.24 per share against $2,650,299 or $0.25 per share a year ago. Total net unrealized gain was $4,737,810 or $0.44 per share against total net realized loss of $8,278,131 or $0.77 per share a year ago. Net increase in net assets from operations was $7,375,039 or $0.68 per share against net decrease in net assets from operations of $5,627,832 or $0.52 per share a year ago. Undistributed net investment income was $137,317 or $0.01 per share against $1,167,635 or $0.11 per a year ago. NAV per share of common stock was $20.67 against $19.46 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. 
