Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2023
May 18, 2023 at 01:07 pm
Share
Western Asset Premier Bond Fund (NYSE: WEA) today announced the financial position of the Fund as of March 31, 2023.
Current Q
Previous Q
Prior Yr Q
March 31, 2023
December 31, 2022
March 31, 2022
Total Assets (a)
$
183,620,247
$
203,106,427
$
225,281,576
Total Net Assets(a)
$
133,265,033
$
133,219,592
$
153,476,276
NAV Per Share of Common Stock (b)
$
11.23
$
11.23
$
12.93
Market Price Per Share
$
10.20
$
10.64
$
12.00
Premium / (Discount)
(9.17
)%
(5.25
)%
(7.19
)%
Outstanding Shares
11,865,600
11,865,600
11,865,600
Total Net Investment Income (c)
$
2,392,602
$
2,313,586
$
2,459,479
Total Net Realized/Unrealized Gain/(Loss) (c)
$
2,228
$
4,568,018
$
(16,516,628
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
2,394,830
$
6,881,604
$
(14,057,149
)
Earnings per Common Share Outstanding
Total Net Investment Income (c)
$
0.20
$
0.19
$
0.21
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.00
†
$
0.38
$
(1.39
)
Net Increase (Decrease) in Net Assets From Operations (c)
$
0.20
$
0.57
$
(1.18
)
Undistributed/(Overdistributed) Net Investment Income (d)
$
1,960,784
$
1,917,571
$
1,266,538
Undistributed/(Overdistributed) Net Investment Income
Per Share (d)
$
0.17
$
0.16
$
0.11
Loan Outstanding (d)
$
47,500,000
$
57,500,000
$
57,500,000
Reverse Repurchase Agreements (d)
$
1,490,202
$
11,605,280
$
12,962,011
Footnotes:
(a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings, which are included in total assets; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the period indicated above.
† Amount represents less than $0.005 or greater than $(0.005) per share.
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Legg Mason Partners Fund Advisor, LLC, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s 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 Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20230518005455/en/
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. The Fund expects to invest substantially all (but at least 80%) of its total managed assets in bonds, including corporate bonds, United States government and agency securities and mortgage-related securities, and at least 65% of its total managed assets in bonds that, at the time of purchase, are of investment grade quality. The Fund may invest up to 35% of its total managed assets in bonds of below investment grade quality (junk bonds) at the time of purchase. The Fund may invest in securities or instruments other than bonds and may invest up to 10% of its total managed assets in instruments denominated in currencies other than the United States dollar. The Fundâs investment adviser is Western Asset Management Company, LLC.