Western Asset Inv Grade Income Fund Stock Price, News & Analysis
Company Description
Western Asset Investment Grade Income Fund Inc. is a closed-end diversified investment company that seeks a high level of current income through a diversified portfolio of debt securities. The fund's secondary investment objective is capital appreciation. Its common shares trade on the New York Stock Exchange under the symbol PAI.
The fund is part of the Western Asset closed-end fund family and is associated with Franklin Templeton through fund distribution announcements made by Franklin Templeton and Legg Mason Partners Fund Advisor, LLC, an indirect wholly owned subsidiary of Franklin Resources, Inc. The fund's portfolio mandate focuses primarily on fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more nationally recognized statistical rating organizations, or on unrated securities considered by the investment adviser to be of comparable quality at the time of purchase.
PAI may also invest, to a lesser extent, in privately placed debt securities and certain equity securities. Its income-oriented structure is reflected in recurring board-declared distributions to common shareholders. Distribution announcements identify the amount, record date, ex-dividend date, and payable date for declared distributions, while later tax reporting characterizes distributions as ordinary income, long-term capital gain, return of capital, or other applicable categories when definitive information is available.
As a closed-end fund, PAI's common shares trade in the secondary market and their market price may fluctuate with market conditions. Closed-end fund shares can trade at a discount to net asset value, so the fund's exchange-traded share price and its portfolio-based net asset value are distinct measures.
Stock Performance
Western Asset Inv Grade Income Fund (PAI) stock last traded at $12.11. Over the past 12 months, the stock has lost 4.3%, ranking #1,399 in 52-week price change. At a market capitalization of $115.2M, PAI is classified as a micro-cap stock with approximately 9.5M shares outstanding.
Latest News
Western Asset Inv Grade Income Fund has 10 recent news articles. Of the recent coverage, 5 articles coincided with positive price movement and 5 with negative movement. View all PAI news →
SEC Filings
Western Asset Inv Grade Income Fund has filed 5 recent SEC filings, including 1 Form 3, 1 Form DEF 14A, 1 Form N-CEN, 1 Form N-CSR. The most recent filing was submitted on April 17, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all PAI SEC filings →
Financial Highlights
Upcoming Events
Form 1099-DIV tax reporting
Western Asset Inv Grade Income Fund has 1 upcoming scheduled event. The next event, "Form 1099-DIV tax reporting", is scheduled for January 1, 2027 (in 187 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the PAI stock price.
Short Interest History
Short interest in Western Asset Inv Grade Income Fund (PAI) currently stands at 1.0 thousand shares, down 86.9% from the previous reporting period, representing 0.0% of the shares outstanding. Over the past 12 months, short interest has decreased by 91.9%.
Days to Cover History
Days to cover for Western Asset Inv Grade Income Fund (PAI) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.
PAI Company Profile & Sector Positioning
Western Asset Inv Grade Income Fund (PAI) operates in the Asset Management industry within the broader Financial Services sector and is listed on the NYSE. Among dividend-paying stocks, PAI ranks #481 by dividend yield. In monthly performance, the stock ranks #2,432 among all tracked companies.
Investors comparing PAI often look at related companies in the same sector, including Western Asset Premier Bond Fund (WEA), MFS High Income Municipal Trust (CXE), Carlyle Credit Income Fund (CCIF), abrdn National Municipal Income Fund (VFL), and Bancroft Fund (BCV). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate PAI's relative position within its industry.