Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2025

NEW YORK--(BUSINESS WIRE)--March 24, 2025-- 

Western Asset Global Corporate Defined Opportunity Fund Inc. $(GDO)$ today announced the financial position of the Fund as of January 31, 2025.

 
                                     Current Q         Previous Q             Prior Yr Q 
                                  January 31, 2025  October 31, 2024       January 31, 2024 
Total Assets (a)                  $145,242,325      $154,527,327      (1)  $286,471,006 
Total Net Assets (a)              $ 89,235,596      $ 93,009,239      (1)  $194,196,789 
NAV Per Share of Common Stock 
 (b)                              $      11.87      $      12.37           $      12.99 
Market Price Per Share            $      11.25      $      11.90           $      12.52 
Premium / (Discount)                     (5.22)%           (3.80)%                (3.62)% 
Outstanding Shares                   7,519,400         7,519,400      (1)    14,949,168 
 
Total Net Investment Income (c)   $  1,446,160      $  1,925,242           $  3,241,623 
Total Net Realized/Unrealized 
 Gain/(Loss) (c)                  $ (2,467,703)     $  2,543,767           $ 17,316,535 
                                   -----------       -----------            ----------- 
Net Increase (Decrease) in Net 
 Assets From Operations (c)       $ (1,021,543)     $  4,469,009           $ 20,558,158 
                                   ===========       ===========            =========== 
 
Earnings per Common Share 
 Outstanding 
-------------------------------- 
Total Net Investment Income (c)   $       0.19      $       0.26           $       0.22 
Total Net Realized/Unrealized 
 Gain/(Loss) (c)                  $      (0.33)     $       0.34           $       1.16 
                                   -----------       -----------            ----------- 
Net Increase (Decrease) in Net 
 Assets From Operations (c)       $      (0.14)     $       0.60           $       1.38 
                                   ===========       ===========            =========== 
 
Undistributed/(Overdistributed) 
 Net Investment Income (d)        $ (1,918,996)     $   (613,056)          $ (3,001,385) 
Undistributed/(Overdistributed) 
 Net Investment Income 
   Per Share (d)                  $      (0.26)     $      (0.08)          $      (0.20) 
 
Loan Outstanding (d)              $ 41,500,000      $ 44,000,000           $ 81,000,000 
Reverse Repurchase Agreements 
 (d)                              $ 11,007,683      $ 15,035,980           $  4,050,753 
 
 
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. 
(1)  On October 1, 2024, Western Asset Global Corporate Defined Opportunity 
     Fund Inc. accepted for tender 7,429,768 common shares that were 
     repurchased at $12.96 per share, equal to 100% of the per share net asset 
     value as of the close of the regular trading session of the New York 
     Stock Exchange on October 1, 2024. 
 

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission ("SEC"), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC's website at www.sec.gov. To obtain information on Forms N-PORT 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, which is advised by Franklin Templeton Fund Adviser, LLC ("FTFA") and subadvised by Western Asset Management Company, LLC ("Western Asset"). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. ("Franklin Resources").

For more information about the Fund, please call 1-888-777-0102 or consult the Fund's web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund's complete audited financial statements are available free of charge upon request.

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.

Category: Financials

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20250324101691/en/

 
    CONTACT: 

Media Contact: Fund Investor Services 1-888-777-0102

(END) Dow Jones Newswires

March 24, 2025 08:00 ET (12:00 GMT)