Western Asset Investment Grade Defined Opportunity Trust

IGI

Market cap $96.3M

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Ichnos Glenmark Innovation, Inc. (IGI), a global clinical-stage biotechnology company focused on developing Multispecific™ antibodies in oncology, today announced the appointment of Mariana (Maya) Cota Stirner, M.D., Ph.D., as Chief Medical Officer.

We screen ~400 closed-end funds for full distribution coverage, prioritizing funds with coverage above 100% to reduce risk of distribution cuts. Top Income-Covered CEFs trading at wide discounts, like BGX and VFL, offer both high yields and potential for price appreciation if discounts narrow. Funds with the most negative z-scores, such as JHI and FMY, are trading below their historical average discounts, highlighting potential value opportunities.

Ichnos Glenmark Innovation (IGI) Announces New Development Candidate, ISB 2301, a 1st-in-Class Multispecific Immune Cells Activator Targeting Solid Tumors

We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEF markets faced renewed risk aversion, with sector discounts widening to historical averages and MLPs and Convertibles led to the upside. Western Asset CEFs' NII remained largely stable; key drivers include short-term rate direction, liability management, and overdistribution.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

The Income-Covered Closed-End Fund Report screens for CEFs with distribution coverage exceeding 100%, targeting funds less likely to cut payouts. Discounted, fully-covered CEFs offer dual benefits: potential price appreciation from narrowing discounts and enhanced yields based on full NAV distributions. Composite metrics combining yield, discount, and z-score help identify CEFs offering value on both absolute and relative terms, with high income potential.

NEW YORK--(BUSINESS WIRE)--Category: Financials.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.

NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.