Western Asset Global Corporate Defined Opportunity Fund Inc. Reports Unaudited Earnings Results for the Period Ended January 31, 2017
March 14, 2017 at 08:00 am EDT
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Western Asset Global Corporate Defined Opportunity Fund Inc. reported unaudited earnings results for the period ended January 31, 2017. For the period, the company announced NAV per share of common stock of $18.74 compared to $17.60 a year ago. Total net investment income was $3,892,740 or $0.26 per share compared to $4,552,808 or $0.31 per share a year ago. Total net realized/unrealized loss was $1,652,323 or $0.11 per share compared to $17,603,407 or $1.18 per share a year ago. Net increase in net assets from operations was $2,240,417 or $0.15 per share against net decrease in net assets from operations of $13,050,599 or $0.87 per share a year ago. Undistributed net investment income was $7,382,289 or $0.49 per share against $6,981,841 or $0.47 per share a year ago.
Western Asset Global Corporate Defined Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fundâs net assets to stockholders. The Fund will seek capital appreciation. The Fund also seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of United States and foreign corporate fixed-income securities of varying maturities. It has investments in the sectors such as communication services, entertainment, interactive media and services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fundâs investment manager.
WESTERN ASSET GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC. 
