Western Asset Term Funds Announce Stockholder Proposals
Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-investment-grade-defined-opportunity-trust-inc.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) and Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) (individually, a “Fund” and collectively, the “Funds”) announced today approval by each Fund’s Board of Directors of a proposal that will allow stockholders of each Fund to remain invested, subject to stockholder approval.Due to the terminations of IGI and GDO scheduled to occur on December 2, 2024, the proposals ask stockholders of each Fund to vote to approve an amendment to their respective Fund’s articles of incorporation to remove the scheduled term and convert each Fund into a perpetual fund (the “Amendment Proposal”). Each Amendment Proposal will be contingent on the results of a tender offer for 100% of a Fund’s respective outstanding shares of common stock at a price per share equal to net asset value. If a Fund’s net assets following the tender offer are expected to be $50 million or greater, the
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IGI
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/4/24 - Form DEF
- 3/25/24 - Form PRE
- IGI's page on the SEC website