Western Asset Glb Corp Opp Stock Price, News & Analysis

Western Asset Global Corporate Opportunity Fund Inc. (NYSE: GDO) has released its financial position for July 31, 2025. The Fund reported total assets of $139.3 million and net assets of $91 million. The NAV per share stood at $12.10, while the market price was $11.74, trading at a discount of 2.98%.

For the quarter, GDO recorded total net investment income of $1.4 million ($0.19 per share) and net realized/unrealized gains of $2.9 million ($0.38 per share). The Fund maintains $41.5 million in outstanding loans and $4.6 million in reverse repurchase agreements. Notably, in October 2024, the Fund completed a significant tender offer, accepting 7,429,768 common shares at $12.96 per share.

Western Asset Global Corporate Opportunity Fund (NYSE: GDO) held its annual stockholders meeting on April 14, 2025, announcing key leadership appointments and audit decisions. Robert D. Agdern and Eileen A. Kamerick were elected as Class III Directors, with terms extending until the 2028 annual meeting.

Stockholders also ratified PricewaterhouseCoopers LLP as the Fund's independent registered public accountants for the fiscal year ending October 31, 2025. The Fund operates as a non-diversified closed-end management investment company, managed by Franklin Templeton Fund Adviser (FTFA) and subadvised by Western Asset Management Company (WAMCo) and its foreign affiliates.

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) has released its unaudited financial position as of January 31, 2025. The Fund, which is a non-diversified, -term, closed-end management investment company, maintains transparency through regular filings with the SEC.

The Fund is managed by Franklin Templeton Fund Adviser, (FTFA) and subadvised by Western Asset Management Company, , both indirect, wholly-owned subsidiaries of Franklin Resources, Inc. Shareholders can access detailed financial information, including portfolio holdings and periodic reports, through the SEC website or by contacting the Fund directly at 1-888-777-0102.

Western Asset Global Corporate Opportunity Fund Inc. (NYSE: GDO) has released its unaudited financial position report as of January 31, 2025. The Fund, which is a non-diversified, -term, closed-end management investment company, is managed by Franklin Templeton Fund Adviser, (FTFA) with Western Asset Management Company, (Western Asset) serving as sub-advisor.

The Fund regularly files mandatory semi-annual and annual reports with the SEC, along with its complete portfolio holdings for the first and third quarters as Form N-PORT exhibits. Shareholders can access these reports through the SEC website or by calling 1-888-777-0102.

This announcement includes a correction to the Fund's name, which was previously incorrectly stated as Western Asset Global Corporate Defined Opportunity Fund Inc.

Western Asset Global Corporate Opportunity Fund (NYSE: GDO) has announced changes to its portfolio management team, effective December 1, 2024. The new team responsible for day-to-day oversight will consist of Michael Buchanan, Annabel Rudebeck, Christopher Kilpatrick, and Walter Kilcullen.

The Fund's shares are traded on the New York Stock Exchange, and like stocks, share prices fluctuate with market conditions. Investors should note that closed-end fund shares often trade at a discount to their net asset value, which may increase investment risk. The Fund provides detailed information through their investor services and website, with complete audited financial statements available upon request.

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) announced the final results of its issuer tender offer for up to 100% of outstanding common stock. Approximately 7,429,768 shares (49.70% of outstanding) were tendered at $12.96 per share. The fund will have approximately $97.4 million in total net assets post-tender. Payment for tendered shares is expected around October 7, 2024.

Stockholders approved converting GDO to a perpetual fund, eliminating its scheduled termination on December 2, 2024. The fund will change its name to Western Asset Global Corporate Opportunity Fund Inc. on November 1, 2024, retaining the GDO ticker. The investment manager agreed to a 10 basis point management fee waiver for two years until June 10, 2026.

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) has released its financial position as of July 31, 2024. The Fund's total assets stood at $289,240,843, with total net assets of $189,394,987. The NAV per share of common stock was $12.67, while the market price per share was $12.42, representing a discount of 1.97%.

For the quarter, the Fund reported total net investment income of $3,026,616 and a total net realized/unrealized gain of $5,810,932. This resulted in a net increase in net assets from operations of $8,837,548. The Fund's earnings per common share for the quarter were $0.59.

The Fund had an outstanding loan of $84,000,000 and reverse repurchase agreements totaling $12,303,068 as of July 31, 2024. It is a non-diversified, -term, closed-end management investment company advised by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company,

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) has announced details of its upcoming cash tender offer for up to 100% of outstanding shares. The offer is expected to commence around September 3, 2024, with an expiration time of 5:00 p.m., New York City time, on or about October 1, 2024. The purchase price will be 100% of the Fund's net asset value per share on the expiration day.

Key points:

• If the Fund maintains at least $50 million in net assets post-offer, it will change its name to 'Western Asset Global Corporate Opportunity Fund Inc.'
• If less than $50 million remains, the offer will be cancelled, and the Fund will liquidate on or about December 2, 2024
• The investment manager has agreed to a 10 basis point management fee waiver for two years until June 10, 2026

Western Asset Global Corporate Defined Opportunity Fund, traded on NYSE under GDO, held a Special Meeting of Stockholders on June 10, 2024. Stockholders approved converting the Fund to a perpetual fund, eliminating its scheduled liquidation on December 2, 2024.

A tender offer will begin in September 2024 for up to 100% of the Fund’s common stock at net asset value. If net assets are at least $50 million post-tender, the Fund’s name will change to Western Asset Global Corporate Opportunity Fund Inc. and retain the ticker GDO. If net assets fall below $50 million, the Fund will liquidate in December 2024.

The investment manager will waive 10 basis points of its annual management fee for two years. The Fund is managed by Franklin Templeton Fund Adviser and sub-advised by multiple Western Asset entities.