Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Board Appointments
April 16, 2019 at 09:00 am EDT
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Western Asset Investment Grade Defined Opportunity Trust Inc. (the "Fund") announced the results of the votes cast at the Fund’s annual meeting of shareholders held on April 12, 2019. Carol L. Colman, Daniel P. Cronin and Paolo M. Cucchi were elected as Class I Directors of the Fund by owners of its common stock to hold office until the annual meeting of shareholders in the year 2022 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed. Nisha Kumar was elected as a Class II Director of the Fund by owners of its common stock to hold office until the annual meeting of shareholders in the year 2020 or thereafter when a successor is duly elected and qualified or until she resigns or is otherwise removed.
Western Asset Investment Grade Defined Opportunity Trust Inc. is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund's net assets to stockholders. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed-income securities of varying maturities. The Fund's investment portfolio sectors include corporate bonds and notes; consumer discretionary; consumer staples; financials; energy; health care; industrials; information technology; utilities; materials; communication services; municipal bonds, and real estate. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager.