Western Asset Global Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--category: fund announcement.

New york--(business wire)--legg mason partners fund advisor, llc announced today that certain closed end funds have declared their distributions for the months of june, july and august 2023. the following dates apply to the distribution schedule below: month record date ex-dividend date payable date june 6/23/2023 6/22/2023 7/3/2023 july 7/24/2023 7/21/2023 8/1/2023 august 8/24/2023 8/23/2023 9/1/2023 ticker fund name month amount type change from previous distribution wdi western asset diversified income fund june $0.13500 income $0.00500 july $0.13500 income august $0.13500 income hix western asset high income fund ii inc. june $0.04900 income - july $0.04900 income august $0.04900 income hio western asset high income opportunity june $0...

New york--(business wire)--western asset global corporate defined opportunity fund inc. (nyse: gdo) today announced the financial position of the fund as of january 31, 2023. $ 306,491,594 $ 300,495,897 $ 370,643,363 $ 206,594,425 $ 188,826,007 $ 254,667,583 $ 13.82 $ 12.63 $ 17.04 $ 13.38 $ 11.70 $ 16.65 (3.18 )% (7.36 )% (2.29 )% 14,949,168 14,949,168 14,943,374 $ 3,430,123 $ 3,699,553 $ 4,037,622 $ 18,867,893 $ (23,213,259 ) $ (14,717,675 ) $ 22,298,016 $ (19,513,706 ) $ (10,680,053 ) $ 0.23 $ 0.25 $ 0.27 $ 1.26 $ (1.55 ) $ (0.98 ) $ 1.49 $ (1.30 ) $ (0.71 ) $ (2,588,614 ) $ (1,489,139 ) $ (2,093,011 ) $ (0.17 ) $ (0.10 ) $ (0.14 ) $ 81,000,000 $ 83,000,000 $ 90,000,000 $ 16,651,437 $ 18,393,337 $ 22,578,731 footnotes: (a) the difference between total assets and total net assets is due primarily to the fund’s use of borrowings; total net assets do not include borrowings...

New york--(business wire)--legg mason partners fund advisor, llc announced today that certain closed end funds have declared their distributions for the months of march, april and may 2023. the following dates apply to the distribution schedule below: month record date ex-dividend date payable date march 3/24/2023 3/23/2023 4/3/2023 april 4/21/2023 4/20/2023 5/1/2023 may 5/23/2023 5/22/2023 6/1/2023 ticker fund name month amount type change from previous distribution wdi western asset diversified income fund march $0.13000 income $0.00200 april $0.13000 income may $0.13000 income hix western asset high income fund ii inc. march $0.04900 income - april $0.04900 income may $0.04900 income hio western asset high income opportunity march $0...

New york--(business wire)--legg mason partners fund advisor, llc announced today that certain closed end funds have declared their distributions for the months of december 2022, january and february 2023. the following dates apply to the distribution schedule below: month record date ex-dividend date payable date december 12/22/2022 12/21/2022 12/30/2022 january 1/24/2023 1/23/2023 2/1/2023 february 2/21/2023 2/17/2023 3/1/2023 change from previous ticker fund name month amount type distribution wdi western asset diversified income fund december $0.12800 income $0.0030 january $0.12800 income february $0.12800 income hix western asset high income fund ii inc. december $0.04900 income - january $0...

We review CEF market valuation and performance through the fourth week of February and highlight recent market action. CEFs had a solid week, with most sectors seeing an increase in NAV. Municipal CEF sectors continue to have wide discounts, attracting the attention of CEF activists.

GDO: A CEF Aiming To Turn Perpetual

Western Asset Global Corporate Defined Opportunity Fund is a foreign bond fund that invests in mostly corporate bonds of investment grade quality. The fund has a term structure and is set to self-liquidate on December 2, 2024. The fund offers a robust yield of 9.78% and has strong credit quality, making it a good option for high-quality bond investments.

Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatility to consider when investing in these funds, which would otherwise be for more conservative investors. Besides the higher yields, when rates decline investment-grade funds should see a significant rebound, adding a catalyst for potential upside and 'locking in' higher yields now.

We review CEF market valuation and performance through the third week of May and highlight recent market action. CEFs were mostly down on the week as rising Treasury yields were the key headwind.

The Western Asset Global Corporate Defined Opportunity Fund is a fixed income closed-end fund. The CEF focuses on global bonds (mostly investment grade corporates) and includes local currency paper.

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.