Western Asset Investment Grade Income Fund Inc. Appoints Michael Larson as New Director
March 10, 2020 at 08:00 am EDT
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Western Asset Investment Grade Income Fund Inc. announced the appointment of Michael Larson as a new director of the company, effective March 6, 2020. Mr. Larson is the Chief Investment Officer for William H. Gates III. He currently serves as trustee and chairman of the Board of Trustees of Western Asset Inflation-Linked Income Fund and Western Asset Inflation-Linked Opportunities & Income Fund, which are part of the Legg Mason fund complex, as well on the boards of several public companies.
Western Asset Investment Grade Income Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund primary investment objective is to seek a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. The Fund may also invest in privately placed debt securities and in certain equity securities. The Fund invests at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (NRSROs) or unrated securities of comparable quality at the time of purchase (as determined by the Adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale. The Fund's investment adviser is Western Asset Management Company, LLC (Western Asset).
WESTERN ASSET INVESTMENT GRADE INCOME FUND INC. 
