Western Asset Investment Grade Defined Opportunity Trust

IGI

Market cap $99.7M

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

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

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

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.

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

We review the CEF market valuation and performance through the third week of September and highlight recent market action. CEF market activity was mixed with tighter discounts and lower NAVs. Western Asset Investment Grade Defined Opportunity Trust's tender offer saw less than 50% shares tendered.

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

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.

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

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