Western Asset Investment Grade Defined Opportunity Trust Inc. Reports Unaudited Earnings Results for the Quarter Ended February 28, 2018
April 16, 2018 at 08:30 am EDT
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Western Asset Investment Grade Defined Opportunity Trust Inc. reported unaudited earnings results for the quarter ended February 28, 2018. For the quarter, the company reported total net investment income of $2,577,675 or $0.24 per share against $2,637,229 or $0.24 per share a year ago. Total net realized/unrealized loss was $5,409,588 or $0.50 per share against gain of $4,737,810 or $0.44 per share a year ago. Net decrease in net assets from operations was $2,831,913 or $0.26 per share against net increase in net assets from operations of $7,375,039 or $0.68 per share a year ago. NAV per share of common stock as at February 28, 2018 was $20.48 against $20.67 as at February 28, 2017.
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. 
