Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2024
Western Asset Premier Bond Fund (NYSE: WEA) announced its financial position as of March 31, 2024. The Fund’s total assets were $201,033,736, up from $185,767,492 in the previous quarter, and $183,620,247 a year earlier. Total net assets decreased slightly to $134,342,988 from $136,087,203 in the previous quarter but increased from $133,265,033 a year earlier. The fund's NAV per share was $11.32, down from $11.47 in the previous quarter. Market price per share also decreased to $10.64. The Fund reported a net investment income of $2,228,423, consistent with last quarter but lower than $2,392,602 in the same quarter last year. The net realized/unrealized gain (loss) was $(1,480,862), down from $7,522,652 in the previous quarter. Earnings per share stood at $0.07, compared to $0.82 in the prior quarter and $0.20 a year ago. The Fund has $47,500,000 in outstanding loans and $9,531,602 in reverse repurchase agreements.
- Total assets increased to $201,033,736 from $185,767,492 in the previous quarter.
- Total net assets grew from $133,265,033 a year earlier to $134,342,988.
- Market price per share increased year-over-year from $10.20 to $10.64.
- Consistent net investment income of $2,228,423 compared to the previous quarter.
- Total net assets decreased to $134,342,988 from $136,087,203 in the previous quarter.
- NAV per share dropped to $11.32 from $11.47 in the previous quarter.
- Net realized/unrealized gain (loss) significantly decreased to $(1,480,862) from $7,522,652 in the previous quarter.
- Earnings per share fell to $0.07 from $0.82 in the previous quarter and $0.20 a year ago.
- Net investment income lower than $2,392,602 in the same quarter last year.
- Undistributed net investment income decreased to $833,883 from $1,960,784 a year ago.
| Current Q | Previous Q | Prior Yr Q | |||||||||
| March 31, 2024 | December 31, 2023 | March 31, 2023 | |||||||||
| Total Assets (a) | $ |
201,033,736 |
|
$ |
185,767,492 |
|
$ |
183,620,247 |
|
||
| Total Net Assets(a) | $ |
134,342,988 |
|
$ |
136,087,203 |
|
$ |
133,265,033 |
|
||
| NAV Per Share of Common Stock (b) | $ |
11.32 |
|
$ |
11.47 |
|
$ |
11.23 |
|
||
| Market Price Per Share | $ |
10.64 |
|
$ |
10.80 |
|
$ |
10.20 |
|
||
| Premium / (Discount) |
|
(6.01 |
)% |
|
(5.84 |
)% |
|
(9.17 |
)% |
||
| Outstanding Shares |
|
11,865,600 |
|
|
11,865,600 |
|
|
11,865,600 |
|
||
| Total Net Investment Income (c) | $ |
2,228,423 |
|
$ |
2,276,631 |
|
$ |
2,392,602 |
|
||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
(1,480,862 |
) |
$ |
7,522,652 |
|
$ |
2,228 |
|
||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ |
747,561 |
|
$ |
9,799,283 |
|
$ |
2,394,830 |
|
||
| Earnings per Common Share Outstanding | |||||||||||
| Total Net Investment Income (c) | $ |
0.19 |
|
$ |
0.19 |
|
$ |
0.20 |
|
||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ |
(0.12 |
) |
$ |
0.63 |
|
|
0.00 |
|
||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ |
0.07 |
|
$ |
0.82 |
|
$ |
0.20 |
|
||
| Undistributed/(Overdistributed) Net Investment Income (d) | $ |
833,883 |
|
$ |
1,097,236 |
|
$ |
1,960,784 |
|
||
| Undistributed/(Overdistributed) Net Investment Income | |||||||||||
| Per Share (d) | $ |
0.07 |
|
$ |
0.09 |
|
$ |
0.17 |
|
||
| Loan Outstanding (d) | $ |
47,500,000 |
|
$ |
47,500,000 |
|
$ |
47,500,000 |
|
||
| Reverse Repurchase Agreements (d) | $ |
9,531,602 |
|
$ |
1,468,977 |
|
$ |
1,490,202 |
|
||
| 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 |
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.
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.franklintempleton.com/investments/options/closed-end-funds. 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 Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240523679487/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What are the total assets of Western Asset Premier Bond Fund as of March 31, 2024?
What is the NAV per share of WEA stock as of March 31, 2024?
What is the market price per share of WEA on March 31, 2024?
What is the net investment income for WEA for the quarter ending March 31, 2024?
What is the net realized/unrealized gain (loss) for WEA for the quarter ending March 31, 2024?
How many outstanding shares does WEA have as of March 31, 2024?
What are the outstanding loans for Western Asset Premier Bond Fund as of March 31, 2024?
