Western Asset Investment Grade Income Fund

PAI

Market cap $120M

This report screens ~400 closed-end funds for those with distribution coverage above 100%, aiming to identify lower-risk income opportunities for investors. Key metrics include premium/discount, z-score, leverage, baseline expense, and coverage. Top picks feature funds that offer high yields, deep discounts, and strong coverage, highlighting attractive value and income potential.

This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Top lists identify CEFs with the widest discounts, most attractive z-scores, highest covered yields, and best combinations of value and income. Investors are encouraged to use these rankings as a starting point for due diligence, not as final buy or sell recommendations.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

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

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

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

Western Asset Inv Grade Income Fund is a closed-end fund focused on investment-grade corporate bonds, emphasizing high current income and capital appreciation. PAI's portfolio is heavily weighted towards BBB-rated bonds, which have low default rates but are vulnerable to downgrades in a risk-off environment. Historically, PAI has outperformed passive ETFs, but its current valuation is unattractive due to narrow credit spreads and a flat discount to NAV.

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

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.