Western Asset Global Corporate Opportunity Fund (GDO) Stock Price, News & Analysis

Western Asset Global Corporate Opportunity Fund Inc. is a diversified closed-end management investment company whose common shares trade on the New York Stock Exchange under the symbol GDO. The Fund has a primary investment objective of providing current income and a secondary objective of seeking capital appreciation. Its portfolio focus is U.S. and foreign corporate fixed-income securities with varying maturities.

The Fund is part of the Western Asset fund family and is managed by Franklin Templeton Fund Adviser, LLC. It is subadvised by Western Asset Management Company, LLC and certain foreign-based affiliates of Western Asset Management Company. Franklin Templeton Fund Adviser and Western Asset Management Company are indirect wholly owned subsidiaries of Franklin Resources, Inc., which operates as Franklin Templeton.

As a closed-end fund, GDO issues common shares that trade on an exchange rather than continuously offering and redeeming shares at net asset value like an open-end mutual fund. Its public disclosures and stockholder communications center on fund governance, board elections, independent registered public accountant ratification, net asset value matters, tender offer activity, and changes to the Fund's capital and structural terms.

The Fund previously operated under the name Western Asset Global Corporate Defined Opportunity Fund Inc. Stockholders approved the elimination of the Fund's term and the related policy to liquidate, and the Fund completed an issuer tender offer for common shares. Following that transition, the Fund operates under the name Western Asset Global Corporate Opportunity Fund Inc. while retaining the NYSE ticker GDO.