Western Asset Premier Bond Fund : Announces Financial Position as of March 31, 2016
July 07, 2016 at 08:04 am EDT
Share
Western Asset Premier Bond Fund, which is listed on the New York Stock
Exchange under the symbol “WEA”, today announced the financial position
of the Fund as of March 31, 2016.
Current Q
Previous Q
Prior Yr Q
March 31, 2016
December 31, 2015
March 31, 2015
Total Assets (a)
$
217,002,185
$
214,178,672
$
234,341,518
Total Net Assets(a)
$
156,460,992
$
155,699,191
$
176,136,970
NAV Per Share of Common Stock (b)
$
13.15
$
13.08
$
14.80
Market Price Per Share
$
12.55
$
12.16
$
13.94
Premium / (Discount)
(4.56)%
(7.03)%
(5.81)%
Outstanding Shares
11,899,563
11,899,563
11,899,563
Total Net Investment Income (c)
$
2,622,074
$
3,949,389
$
3,017,118
Total Net Realized/Unrealized Gain/(Loss) (c)
$
1,352,609
$
(6,077,687)
$
(89,943)
Net Increase (Decrease) in Net Assets From Operations (c)
$
3,974,683
$
(2,128,298)
$
2,927,175
Earnings per Common Share Outstanding
Total Net Investment Income (c)
$
0.22
$
0.33
$
0.25
Total Net Realized/Unrealized Gain/(Loss) (c)
$
0.11
$
(0.51)
$
(0.01)
Net Increase (Decrease) in Net Assets From Operations (c)
$
0.33
$
(0.18)
$
0.24
Undistributed/(Overdistributed) Net Investment Income (d)
$
3,453,752
$
4,044,560
$
6,213,577
Undistributed/(Overdistributed) Net Investment Income
Per Share (d)
$
0.29
$
0.34
$
0.52
Loan Outstanding (d)
$
58,000,000
$
58,000,000
$
53,000,000
Footnotes:
(a)
The difference between total assets and total net assets is due
primarily to the Fund’s use of borrowings, which are included in
total assets; total net assets do not include borrowings.
(b)
NAVs are calculated as of the close of business on the last business
day in the periods indicated above.
(c)
For the quarter indicated.
(d)
As of the period indicated above.
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 Premier Bond Fund is a closed-end investment company that
invests predominantly in a diversified portfolio of debt securities. Its
investment adviser is Western Asset Management Company, a subsidiary of
Legg Mason, Inc. (“Legg Mason”). Western Asset Management Company has
managed the Fund since its inception in 2002.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160707005143/en/
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. The Fund expects to invest substantially all (but at least 80%) of its total managed assets in bonds, including corporate bonds, United States government and agency securities and mortgage-related securities, and at least 65% of its total managed assets in bonds that, at the time of purchase, are of investment grade quality. The Fund may invest up to 35% of its total managed assets in bonds of below investment grade quality (junk bonds) at the time of purchase. The Fund may invest in securities or instruments other than bonds and may invest up to 10% of its total managed assets in instruments denominated in currencies other than the United States dollar. The Fundâs investment adviser is Western Asset Management Company, LLC.
WESTERN ASSET PREMIER BOND FUND 
