1607 Capital discloses 5.87% of Western Asset Investment Grade Income (PAI)
Rhea-AI Filing Summary
1607 Capital Partners, LLC has filed an amended Schedule 13G reporting a significant ownership position in Western Asset Investment Grade Income Fund Inc. The firm reports beneficial ownership of 558,367 common shares, representing 5.87% of the outstanding class.
1607 Capital states it has sole voting and sole dispositive power over all 558,367 shares, with no shared voting or dispositive power reported.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 558,367 shares
Percent of class: 5.87%
Sole voting power: 558,367 shares
+3 more
6 metrics
Shares beneficially owned
558,367 shares
Common shares beneficially owned by 1607 Capital Partners, LLC
Percent of class
5.87%
Percentage of PAI common stock class beneficially owned
Sole voting power
558,367 shares
Shares over which 1607 Capital has sole power to vote
Shared voting power
0 shares
Shares over which 1607 Capital has shared power to vote
Sole dispositive power
558,367 shares
Shares over which 1607 Capital has sole dispositive power
Shared dispositive power
0 shares
Shares over which 1607 Capital has shared dispositive power
Key Terms
beneficially owned, sole voting power, dispositive power, Schedule 13G
4 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 558,367"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Number of shares as to which the person has | (i) Sole power to vote"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole Dispositive Power 558,367.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G regulatory
"form_type": "SCHEDULE 13G/A""
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake in PAI does 1607 Capital Partners report in this Schedule 13G/A?
1607 Capital Partners reports beneficial ownership of 558,367 common shares of Western Asset Investment Grade Income Fund Inc. (PAI), representing 5.87% of the class. This reflects a sizable institutional position in the fund’s common stock.
What class of PAI securities does 1607 Capital Partners hold?
The reported stake is in the Common stock of Western Asset Investment Grade Income Fund Inc. (PAI). The CUSIP listed is 95766T100, identifying the specific common share class covered by this Schedule 13G/A filing.
Who signed the Schedule 13G/A for 1607 Capital Partners regarding PAI?
The filing is signed by Kevin Rutherford, Chief Compliance Officer of 1607 Capital Partners, LLC. His signature attests to the accuracy of the reported 558,367 PAI shares and the stated 5.87% beneficial ownership position.
AI-generated analysis. How Rhea-AI works. Not financial advice.