Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset Global Corporate Defined Opportunity Fund, Inc. operates as a closed-end investment fund/investment trust. The fund provides income and intend to seek capital appreciation. It invests in a global portfolio of securities consisting of investment grade fixed-income securities, emerging market fixed-income securities and investment grade fixed-income securities. The company was founded on September 17, 2009 and is headquartered in New York, NY.

Western Asset Global Corporate Defined Opportunity Fund, Inc. operates as a closed-end investment fund/investment trust. It provides income and intend to seek capital appreciation. It invests in a global portfolio of securities consisting of investment grade fixed-income securities, emerging market fixed-income securities and investment grade fixed-income securities. The company was founded on September 17, 2009 and is headquartered in New York, NY.

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

Western Asset Global Corporate Opportunity Fund Inc. (NYSE: GDO) (the “Fund”) Announces Portfolio Management Team Update

Western Asset Global Corporate Defined Opportunity Fund successfully transitioned from a term CEF to a perpetual one, reducing its AUM via a tender offer. Shareholders who tendered their shares will receive NAV payment by October 7, 2024, while non-tendering shareholders will remain invested in the now perpetual fund. The fund's name changes to "Western Asset Global Corporate Opportunity Fund Inc." with a slight management fee reduction, but the ticker symbol remains "GDO".

GDO: Now A Perpetual CEF With A New Name

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Elimination of Term

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

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2024

Eagle Point Credit

Western Asset Investment Grade Defined Opportunity Trust

OFS Credit Company Inc

Oxford Lane Capital

Putnam High Income Securities Fund

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of August and highlight recent market action. CEFs were mixed, with MLP funds recovering while REIT funds struggled. The CEF, High Income Securities Fund, is implementing a novel strategy to get its initiatives approved by shareholders.

CEF Weekly Review: PCF Tries To Get Shareholders To Care

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Tender Offer Details

Western Asset Mortgage Opportunity Fund

We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs were mostly up on the week with MLP and Hybrid sectors leading the way. Western Asset Global Corporate Defined Opportunity Fund holding a tender offer for all shares at NAV, following Nuveen's approach.

CEF Weekly Review: Western Asset Is Doing A Nuveen

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Special Meeting of Stockholders and Other Fund Developments

NEW YORK--(BUSINESS WIRE)--Effective June 3, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows: Michael Buchanan Christopher Kilpatrick Annabel Rudebeck Also as of June 3, 2024, Chia-Liang (CL) Lian is no longer a portfolio manager of the Fund. 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. For more information abo.

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) Announces Portfolio Management Team Update

The Western Asset Global Corporate Defined Opportunity Fund offers income-focused investors a high level of income from fixed-income securities. The fund has a current yield of 9.94%, which compares well to its peers. The fund's recent performance has been poor, and it has underperformed its peers significantly over the past three years.

GDO: Nice Yield, But There Are Better Global Fixed-Income Funds Available

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Results of Annual Meeting of Stockholders

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.

CEF Weekly Review: Activists Are Coming After Muni CEFs

Asset managers are proposing corporate actions to convert term closed-end funds to perpetual ones to maintain a stream of income. Western Asset Global Corporate Defined Opportunity Fund is seeking shareholder approval to become a perpetual CEF through a tender offer at NAV.

GDO: A CEF Aiming To Turn Perpetual

Western Asset Global High Income Fund

Western Asset High Income Opportunity Fund Inc

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Municipal High Income Fund

Western Asset Managed Municipals Fund

Western Asset

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

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of March, April and May 2024

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.

GDO: A Term Fund That Is A Play On Rates

Blackrock Core Bond Trust

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BlackRock Credit Allocation Income Trust

BlackRock Enhanced Government Fund

First Trust Mortgage Income Fund

iShares iBoxx High Yield Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

MFS Government Markets Income Trust

MFS Intermediate Income Trust

Western Asset Investment Grade Income Fund

Western Asset Premier Bond Fund

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.

Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider

Blackstone/GSO Senior Floating Rate Term Fund

Credit Suisse Asset Management Income Fund

Credit Suisse High Yield Bond Fund

Allspring Income Opportunities Fund

Allspring Global Dividend Opportunity Fund

Wells Fargo Utilities and High Income Fund

Invesco High Income 2023 Target Term Fund

Nuveen Preferred & Income Term Fund

Nuveen Preferred & Income 2022 Term Fund

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.

CEF Weekly Review: Term CEFs Continue To Be Misunderstood

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.

GDO - Global Bond CEF, 9.7% Yield And 2024 Maturity Date

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Virtus AllianzGI Diversified Income & Convertible Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Science & Technology

Calamos Global Total Return Fund

Cornerstone Strategic Value Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Nuveen Mortgage Opportunity Term Fund

KKR Income Opportunities Fund

BNY Mellon Strategic Municipals, Inc.  

Macquarie Global Infrastructure Total Return Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Nuveen Dynamic Municipal Opportunities Fund

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

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

BlackRock 2037 Municipal Target Term Trust

BlackRock Science and Technology Trust II

Eagle Point Income Company Inc

First Trust High Yld Oprtnts 2027 Tr Fn

Miller/Howard High Income Equity Fund

Nuveen Intermediate Duration Municipal Term Fund

Nuveen Multi-Asset Income Fund

PIMCO Dynamic Income Opportunities Fund

RiverNorth Capital and Income Fund

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.

Closed-End Funds: Term Structure Potential Vs. Perpetual Funds

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Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Brandywine Global Income Opportunities Fund Inc

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

BNY Mellon Strategic Municipal Bond Fund, Inc.

Western Asset Emerging Markets Debt Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Highland Income Fund

Pioneer Diversified High Income Trust

New American High Income Fund

Nuveen Preferred & Income Opportunities Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

PIMCO Dynamic Income Fund

Pioneer High Income Trust

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

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

Quality Closed-End Fund Report, November 2022

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

Western Asset Municipal Partners Fund Inc

LMP Capital and Income Fund

The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independent Director of the Funds, who recently passed away. The Boards also announced that Nisha Kumar will succeed Ms. Kamerick as Chair of each Fund's Audit Committee.

Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director

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

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2022

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

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of September, October, and November 2022

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, 2022.                             Current Q Previous Q Prior Yr Q January 31, 2022 October 31, 2021 January 31, 2021 Total Assets (a)  $             370,643,363  $             389,467,661  $            398,127,682 Total Net Assets (a)  $             254,667,583  $             269,831,059  $            280,590,145 NAV Per Share o

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2022

News for Western Asset Global Corp Defined Opportunity Fund Inc ETF (GDO)