Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2017

NEW YORK--()--Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) today announced the financial position of the Fund as of January 31, 2017.

      Current Q     Previous Q     Prior Yr Q
January 31, 2017 October 31, 2016 January 31, 2016
Total Assets (a) $ 370,348,036 $ 370,073,750 $ 349,042,282
Total Net Assets (a) $ 280,060,298 $ 282,907,135 $ 262,884,550
NAV Per Share of Common Stock (b) $ 18.74 $ 18.94 $ 17.60
Market Price Per Share $ 17.33 $ 17.39 $ 15.77
Premium / (Discount) (7.52)% (8.18)% (10.40)%
Outstanding Shares 14,940,540 14,940,540 14,940,541
 
Total Net Investment Income (c) $ 3,892,740 $ 4,312,408 $ 4,552,808
Total Net Realized/Unrealized Gain/(Loss) (c) $ (1,652,323) $ 200,212 $ (17,603,407)
Net Increase (Decrease) in Net Assets From Operations (c) $ 2,240,417 $ 4,512,620 $ (13,050,599)
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.26 $ 0.29 $ 0.31
Total Net Realized/Unrealized Gain/(Loss) (c) $ (0.11) $ 0.01 $ (1.18)
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.15 $ 0.30 $ (0.87)
 
Undistributed/(Overdistributed) Net Investment Income (d) $ 7,382,289 $ 8,576,803 $ 6,981,841
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ 0.49 $ 0.57 $ 0.47
 
Loan Outstanding (d) $ 83,000,000 $ 83,000,000 $ 83,000,000
 
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.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified, limited-term, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. It is sub-advised by Western Asset Management Company (“WAMCo”) and certain of WAMCo’s foreign-based affiliates; WAMCo and its affiliates are also affiliates of the investment manager.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Contacts

Media:
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

Media:
Maria Rosati, 212-805-6036
mrosati@leggmason.com