PAI Research | Milton Maxwell

PAI

Western Asset Investment Grade Income Fund Inc.

12.40

-0.11-0.88%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

117.94M

P/E (TTM)

21.38

Basic EPS (TTM)

0.58

Dividend Yield

0.05%

Recent Filings

8-K

Bylaws amended for governance

11/5/20Nov 5, 2020

Western Asset Investment Grade Income Fund amended its bylaws effective November 2, 2020, tightening stockholder nomination rules with 120-150 day advance notices and detailed disclosures on nominees' backgrounds and ownership. It shifted director elections to majority vote from plurality, added strict qualifications like five years' relevant experience and no felony convictions, and included emergency provisions for crises like pandemics. These changes strengthen board control while ensuring qualified directors. Governance just got stricter.

8-K

Bylaws enable virtual meetings

4/15/20Apr 15, 2020

Western Asset Investment Grade Income Fund amended its bylaws effective April 14, 2020, adding provisions for virtual stockholder meetings via remote communication. This update enables flexible participation, verifying identities and maintaining vote records amid pandemic disruptions. Virtual meetings boost accessibility. No financial impacts disclosed.

8-K

New director appointed

3/10/20Mar 10, 2020

Western Asset Investment Grade Income Fund appointed Michael Larson as a director, effective March 6, 2020. Larson, Chief Investment Officer for William H. Gates III, brings board experience from other Legg Mason funds and public companies. This addition bolsters governance expertise. Yet risks like interest rate fluctuations persist.

8-K

New directors appointed

1/15/20Jan 15, 2020

Western Asset Investment Grade Income Fund appointed Jane F. Dasher and Susan B. Kerley as new directors, effective January 10, 2020. Dasher, CFO of Long Light Capital, LLC, and board member of Visual Kinematics, Inc., joins alongside Kerley, an investment consulting partner at Strategic Management Advisors, LLC, with prior ICI leadership. This bolsters governance expertise. Funds face fixed income risks like interest rate fluctuations.

8-K

New director appointed

3/1/19Mar 1, 2019

Western Asset Investment Grade Income Fund appointed Peter J. Taylor as a new director, effective March 1, 2019. Taylor brings board experience from the ECMC Foundation, California State University system, Pacific Mutual Holding Company, Edison International, Kaiser Family Foundation, Ralph M. Person Foundation, and California Community Foundation. This addition bolsters governance oversight. No further details on impact disclosed.

About

Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.

CEO

Mr. Kenneth Donald Fuller

IPO

3/17/1980

Website

https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=PAI

Sector

Financial Services

Industry

Asset Management