Western Asset Premier Bond Fund Announces Unaudited Earnings Results for the Quarter Ended March 31, 2018
May 22, 2018 at 08:30 am EDT
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Western Asset Premier Bond Fund announced unaudited earnings results for the quarter ended March 31, 2018. For the quarter, the company’s NAV per share of common stock was $13.94 against $14.11 a year ago. Total net investment income was $2,374,935 or $0.20 per share against $2,501,523 or $0.21 per share a year ago. Total net realized/unrealized loss was $6,885,824 or $0.58 per share against profit of $2,906,007 or $0.24 per share a year ago. Net decrease in net assets from operations was $4,510,889 or $0.38 per share against net increase in net assets from operations of $5,407,530 or $0.45 per share a year ago. Undistributed net investment income was $171,431 or $0.01 per share against $947,108 or $0.08 per share a year ago.
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 
