PRESS RELEASE


Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Financial Position as of February 28, 2018


April 16, 2018

 

NEW YORK--(BUSINESS WIRE)-- Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE:IGI) today announced the financial position of the Fund as of February 28, 2018.

   
Current Q Previous Q Prior Yr Q
February 28, 2018 November 30, 2017 February 28, 2017
Total Net Assets $ 221,571,747 $ 227,109,185 $ 223,369,297
NAV Per Share of Common Stock (a) $ 20.48 $ 21.00 $ 20.67
Market Price Per Share $ 20.96 $ 21.85 $ 20.85
Premium / (Discount) 2.34 % 4.05 % 0.87 %
Outstanding Shares 10,819,286 10,816,792 10,807,433
 
Total Net Investment Income (b) $ 2,577,675 $ 2,640,693 $ 2,637,229
Total Net Realized/Unrealized Gain/(Loss) (b) $ (5,409,588 ) $ (594,034 ) $ 4,737,810  
Net Increase (Decrease) in Net Assets From Operations (b) $ (2,831,913 ) $ 2,046,659   $ 7,375,039  
 

Earnings per Common Share Outstanding

Total Net Investment Income (b) $ 0.24 $ 0.24 $ 0.24
Total Net Realized/Unrealized Gain/(Loss) (b) $ (0.50 ) $ (0.05 ) $ 0.44  
Net Increase (Decrease)in Net Assets From Operations (b) $ (0.26 ) $ 0.19   $ 0.68  
 
Undistributed Net Investment Income (c) $ 427,875 $ 5,153 $ 137,317
Undistributed Net Investment Income
Per Share (c) $ 0.04 $ 0.00 Ɨ $ 0.01
 

Footnotes:
(a) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(b) For the quarter indicated.
(c) As of the date indicated above.
Ɨ Amount represents less than $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov . To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Investment Grade Defined Opportunity Trust Inc., a non-diversified, limited-term, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. 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. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Media Contact

Fund Investor Services 1-888-777-0102