Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of Janu

Business Wirevia The Motley Fool
Updated

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2013

NEW YORK--(BUSINESS WIRE)-- Western Asset Global Corporate Defined Opportunity Fund Inc. (NYS: GDO) today announced the financial position of the Fund as of January 31, 2013.

Current Q

Previous Q

Prior Yr Q

January 31, 2013

October 31, 2012

January 31, 2012

Total Assets (a)

$

366,340,781

$

365,943,230

$

374,082,840

Total Net Assets (a)

$

319,347,641

$

316,104,271

$

293,588,611

NAV Per Share of Common Stock (b)

$

20.81

$

20.63

$

19.27

Market Price Per Share

$

20.63

$

20.25

$

18.98

Premium / (Discount)

(0.86

)%

(1.84

)%

(1.50

)%

Outstanding Shares

15,346,776

15,321,049

15,238,719

Total Net Investment Income (c)

$

4,529,667

$

4,619,713

$

5,309,614

Total Net Realized/Unrealized Gain/(Loss) (c)

$

3,785,607

$

11,311,488

$

1,916,488

Net Increase (Decrease) in Net Assets From Operations (c)

$

8,315,274

$

15,931,201

$

7,226,102

Earnings per Common Share Outstanding

Total Net Investment Income (c)

$

0.29

$

0.30

$

0.35

Total Net Realized/Unrealized Gain/(Loss) (c)

$

0.25

$

0.74

$

0.13

Net Increase (Decrease) in Net Assets From Operations (c)

$

0.54

$

1.04

$

0.48

Undistributed/(Overdistributed) Net Investment Income (d)

$

7,285,361

$

7,158,384

$

(1,305,898

)

Undistributed/(Overdistributed) Net Investment Income

Per Share (d)

$

0.47

$

0.47

$

(0.09

)

Loan Outstanding (d)

N/A

N/A

N/A

Preferred Shares Outstanding (d)

N/A

N/A

N/A

Reverse Repurchase Agreements (d)

$

45,000,000

$

45,000,000

$

80,030,489

Footnotes:

(a)

The difference between total assets and total net assets is due primarily to the Fund's use of borrowings; total net assets do not include borrowings.

(b)

NAVs are calculated as of the close of business on the last business day in the periods indicated above.

(c)

For the quarter indicated.

(d)

As of the date indicated above.

This financial data is unaudited.


The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q.These reports are available on the Commission's website atwww.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified, limited-term, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. It is sub-advised by Western Asset Management Company ("WAMCo") and certain of WAMCo's foreign-based affiliates; WAMCo and its affiliates are also affiliates of the investment manager.

For more information, please call 1-888-777-0102 or consult the Fund's web site at www.lmcef.com.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.



Western Asset Global Corporate Defined Opportunity Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS:

The article Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2013 originally appeared on Fool.com.

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