Western Asset Inv Grade Income Fund Inc Stock Price, News & Analysis

Western Asset Investment Grade Income Fund (NYSE: PAI) has announced changes to its portfolio management team, effective January 3, 2025. The new team responsible for day-to-day oversight will consist of Michael Buchanan, Dan Alexander, Ryan Brist, Blanton Keh, and Molly Schwartz.

The Fund trades on the New York Stock Exchange, and like other stocks, its 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 can increase investment risk. For additional information, investors can contact Fund Investor Services at 1-888-777-0102 or visit the Franklin Templeton website.

Franklin Templeton Fund Adviser has announced distribution schedules for certain closed-end funds covering December 2024, January and February 2025. The Western Asset Investment Grade Income Fund (PAI) will distribute $0.05150 per share monthly, while the Western Asset Premier Bond Fund (WEA) will distribute $0.07000 per share monthly. The distributions remain unchanged from previous amounts.

Distribution dates are set for December 31, 2024, February 3, 2025, and March 3, 2025, with corresponding record and ex-dividend dates. Shareholders will receive Form 1099-DIV in early 2025 and 2026 for tax reporting purposes.

Western Asset Investment Grade Income Fund (NYSE: PAI) reported its financial position as of September 30, 2024. The Fund's total net assets increased to $127.77 million, up from $122.17 million in the previous quarter and $115.53 million year-over-year. The NAV per share rose to $13.43, while the market price per share reached $12.86, showing a discount of 4.24%. The Fund reported quarterly net investment income of $1.51 million and total net realized/unrealized gain of $5.56 million, resulting in a net increase in assets from operations of $7.07 million. Earnings per share for the quarter were $0.74, with undistributed net investment income per share at $0.12.

Franklin Templeton Fund Adviser, has announced distributions for certain closed-end funds for September, October, and November 2024. The Western Asset Investment Grade Income Fund Inc. (PAI) will distribute $0.05150 per share each month, while the Western Asset Premier Bond Fund (WEA) will distribute $0.07000 per share monthly. These distributions are categorized as income and remain unchanged from previous distributions.

Key dates for these distributions are:

• September: Record & Ex-Dividend Date - 9/23/2024, Payable Date - 10/1/2024
• October: Record & Ex-Dividend Date - 10/24/2024, Payable Date - 11/1/2024
• November: Record & Ex-Dividend Date - 11/21/2024, Payable Date - 12/2/2024

Shareholders will receive Form 1099-DIV in early 2025 for tax reporting purposes. The funds' shares are traded on the New York Stock Exchange and are subject to market fluctuations.

Western Asset Investment Grade Income Fund (NYSE: PAI) released its financial status as of March 31, 2024. Total net assets were $123.7 million, slightly down from $124.7 million in the previous quarter but up from $121.5 million last year. The NAV per share was $13.01, a decrease from $13.11 in Q4 2023 but an increase from $12.78 in Q1 2023. The market price per share was $12.19, reflecting a 6.30% discount to NAV.

The fund's total net investment income was $1.49 million, down from $1.59 million in the previous quarter, but higher than $1.46 million a year ago. Net realized/unrealized loss was $1.06 million compared to gains of $8.93 million last quarter and $1.95 million in Q1 2023. The net increase in net assets from operations was $431,965, a sharp drop from $10.52 million last quarter and $3.41 million last year.

Earnings per share were $0.05, down from $1.11 in Q4 2023 and $0.35 in Q1 2023. Undistributed net investment income per share was $0.11, compared to $0.10 last quarter and $0.07 in Q1 2023.

Franklin Templeton Fund Adviser, has announced the distribution schedules for its closed-end funds for June, July, and August 2024. The Western Asset Investment Grade Income Fund (PAI) will distribute $0.05150 per share for each month, with an increase of $0.00250 from the previous distribution in June. The Western Asset Premier Bond Fund (WEA) will distribute $0.07000 per share monthly, with no changes from previous distributions. The record and ex-dividend dates are June 21, July 24, and August 23, 2024, with payable dates on July 1, August 1, and September 3, 2024, respectively. This announcement is informational and not for tax reporting purposes. Detailed tax information will be provided in early 2025 via Form 1099-DIV.