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Western Asset Global Corporate Defined Opportunity Fund Inc. - $GDO STOCK NEWS

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Rhea-AI Summary
Western Asset Global Corporate Defined Opportunity Fund Inc. announced the results of its annual meeting of stockholders, electing new directors and ratifying the selection of independent registered public accountants. The Fund is managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company,
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0.08%
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Rhea-AI Summary
Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) reported its financial position as of January 31, 2024, showing total assets of $286.47 million and total net assets of $194.20 million. The NAV per share of common stock was $12.99, with a market price per share of $12.52. The fund experienced a premium of 3.62% and had outstanding shares of 14.95 million. Total net investment income was $3.24 million, while total net realized/unrealized gain/(loss) was $17.32 million. Earnings per common share outstanding ranged from $0.22 to $1.38. Undistributed/(Overdistributed) net investment income was -$3.00 million, with a loan outstanding of $81.00 million.
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Franklin Resources announces changes in the portfolio management team of Fund GDO effective March 1, 2024. The team now includes Michael Buchanan, Christopher Kilpatrick, Chia-Liang Lian, and Annabel Rudebeck. This update aims to provide transparency and enhance the Fund's performance.
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Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) and Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) announced approval by their respective Boards of Directors to allow stockholders to remain invested by converting each Fund into a perpetual fund. The proposal includes a tender offer for 100% of outstanding shares at net asset value, with a $50 million threshold determining the fund's term elimination. If approved, the funds will implement a fee waiver for two years and continue trading on NYSE under current ticker symbols.
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-0.71%
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Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) announces financial position as of July 31, 2023.
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Western Asset Global Corporate Defined Opportunity Fund Inc.

NYSE:GDO

GDO Rankings

GDO Stock Data

181.03M
14.94M
41.35%
0.02%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
New York

About GDO

legg mason and franklin templeton are now one firm. on friday, august 14th, this legg mason page will become inactive. please follow the @franklintempleton company page to continue to receive updates and insights: https://www.linkedin.com/company/franklin-templeton