Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2021

NEW YORK--()--Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) today announced the financial position of the Fund as of January 31, 2021.

Current Q Previous Q Prior Yr Q
January 31, 2021 October 31, 2020 January 31, 2020
Total Assets (a)

$

398,127,682

$

388,010,691

$

371,656,326

Total Net Assets (a)

$

280,590,145

$

267,615,038

$

279,162,287

NAV Per Share of Common Stock (b)

$

18.78

$

17.91

$

18.68

Market Price Per Share

$

17.90

$

16.53

$

18.28

Premium / (Discount)

 

(4.69)%

 

(7.71)%

 

(2.14)%

Outstanding Shares

 

14,938,426

 

14,938,426

 

14,940,540

 
Total Net Investment Income (c)

$

3,977,364

$

3,978,823

$

3,661,535

Total Net Realized/Unrealized Gain/(Loss) (c)

$

13,524,086

$

(3,886,692)

$

4,977,717

Net Increase (Decrease) in Net Assets From Operations (c)

$

17,501,450

$

92,131

$

8,639,252

 
Earnings per Common Share Outstanding
Total Net Investment Income (c)

$

0.27

$

0.27

$

0.25

Total Net Realized/Unrealized Gain/(Loss) (c)

$

0.91

$

(0.26)

$

0.33

Net Increase (Decrease) in Net Assets From Operations (c)

$

1.18

$

0.01

$

0.58

 
Undistributed/(Overdistributed) Net Investment Income (d)

$

(1,926,229)

$

(1,377,250)

$

(2,774,368)

Undistributed/(Overdistributed) Net Investment Income
Per Share (d)

$

(0.13)

$

(0.09)

$

(0.19)

 
Loan Outstanding (d)

$

90,000,000

$

90,000,000

$

88,000,000

Reverse Repurchase Agreements (d)

$

20,626,375

$

20,718,125

$

-

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 (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

On July 31, 2020, Franklin Resources, Inc. (“Franklin Resources”) acquired Legg Mason, Inc. (“Legg Mason”) in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

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 Franklin Resources. 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. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds.

Contacts

Media: Fund Investor Services 1-888-777-0102

Contacts

Media: Fund Investor Services 1-888-777-0102