Western Asset Investment Grade Income Fund Inc. Announces Distributions for the Months of October and November 2020, Payable on November 2, 2020 and December 1, 2020 Respectively
September 16, 2020 at 08:00 am EDT
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Legg Mason Partners Fund Advisor, LLC announced that Western Asset Investment Grade Income Fund Inc. declared distribution of $0.04650 per share for the months of October and November 2020. Record dates are October 23, 2020 and November 20, 2020 respectively. Payment dates are November 2, 2020 and December 1, 2020 respectively. Ex-Dividend Date are October 22, 2020 and November 19, 2020 respectively.
Western Asset Investment Grade Income Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. The Fund may also invest in privately placed debt securities and in certain equity securities. The Fund invests at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSROs) or unrated securities of comparable quality at the time of purchase (as determined by the Adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale. The Fund's investment adviser is Western Asset Management Company, LLC (Western Asset).
Western Asset Investment Grade Income Fund Inc. Announces Distributions for the Months of October and November 2020, Payable on November 2, 2020 and December 1, 2020 Respectively