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OFFON

WESTERN ASSET PREMIER BOND FUND

(WEA)
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Western Asset Premier Bond Fund : Announces Financial Position as of September 30, 2020

11/25/2020 | 08:03am EDT

Western Asset Premier Bond Fund (NYSE: WEA) today announced the financial position of the Fund as of September 30, 2020.

                            Current Q Previous Q Prior Yr Q
September 30, 2020 June 30, 2020 September 30, 2019
Total Assets (a)

 $             238,924,888

 $            236,426,317

 $             236,715,443

Total Net Assets(a)

 $             167,554,836

 $            162,736,402

 $             171,722,454

NAV Per Share of Common Stock (b) 

 $                        14.12

 $                       13.72

 $                        14.42

Market Price Per Share

 $                        12.92

 $                       13.13

 $                        14.21

Premium / (Discount)      

(8.50)%

(4.30)%

(1.46)%

Outstanding Shares 

                  11,863,337

                 11,863,337

                  11,905,852

    
Total Net Investment Income (c)

 $                 2,685,618

 $                2,539,923

 $                 2,302,121

Total Net Realized/Unrealized Gain/(Loss) (c)

 $                 4,481,756

 $              18,988,165

 $                    653,263

Net Increase (Decrease) in Net Assets From Operations (c)

 $                 7,167,374

 $              21,528,088

 $                 2,955,384

 
Earnings per Common Share Outstanding
Total Net Investment Income (c)

 $                          0.23

 $                         0.21

 $                          0.19

Total Net Realized/Unrealized Gain/(Loss) (c)

 $                          0.38

 $                         1.60

 $                          0.05

Net Increase (Decrease) in Net Assets From Operations (c)

 $                          0.61

 $                         1.81

 $                          0.24

 
Undistributed/(Overdistributed) Net Investment Income (d)

 $                    949,798

 $                   613,121

 $                     (40,349)

Undistributed/(Overdistributed) Net Investment Income
    Per Share (d)

 $                          0.08

 $                         0.05

 $                         (0.00)

*
 
Loan Outstanding (d)

 $               57,000,000

 $              57,500,000

 $               57,000,000

Reverse Repurchase Agreements (d)

 $                 9,107,000

 $                9,088,625

 $                 6,700,938

 

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.
* Amount represents less than $0.01 per share

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

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, LLC (“Western Asset”), a subsidiary of Franklin Resources. Western Asset Management Company, LLC 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. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Category: Financials

Source: Franklin Templeton


© Business Wire 2020
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Financials (USD)
Sales 2020 12,9 M - -
Net income 2020 11,5 M - -
Net Debt 2020 67,7 M - -
P/E ratio 2020 14,7x
Yield 2020 5,59%
Capitalization 169 M 169 M -
EV / Sales 2019 17,9x
EV / Sales 2020 18,3x
Nbr of Employees -
Free-Float 100%
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Managers and Directors
Jane Elizabeth Trust President, Chief Executive Officer & Trustee
Christopher Berarducci Chief Financial Officer & Treasurer
William E. B. Siart Chairman
Theodore Paul Becker Chief Compliance Officer
Jaynie Miller Studenmund Independent Trustee