Western Asset Investment Grade Income Fund Inc. Approves Board Changes
May 11, 2020 at 08:00 am EDT
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Western Asset Investment Grade Income Fund Inc. announced that at the annual general meeting held on May 8, 2020, Jane F. Dasher, Susan B. Kerley, Michael Larson, Peter J. Taylor and Jane Trust were elected as directors of the company by owners of its common stock to hold office until the annual meeting of shareholders in the year 2021 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed.
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. 
