GDO: Now A Perpetual CEF With A New Name [Seeking Alpha]
Western Asset Global Corporate Defined Opportunity Fund Inc. Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-global-corporate-defined-opportunity-fund-inc.html
Company Research
Source: Seeking Alpha
Follow Play 7min Summary Western Asset Global Corporate Defined Opportunity Fund successfully transitioned from a term CEF to a perpetual one, reducing its AUM via a tender offer. Shareholders who tendered their shares will receive NAV payment by October 7, 2024, while non-tendering shareholders will remain invested in the now perpetual fund. The fund's name changes to "Western Asset Global Corporate Opportunity Fund Inc." with a slight management fee reduction, but the ticker symbol remains "GDO". GDO focuses on global investment-grade fixed income, heavily weighted in BBB-rated securities and primarily invested in USD, minimizing currency risk. Klaus Vedfelt/DigitalVision via Getty Images Thesis Western Asset Global Corporate Defined Opportunity Fund ( NYSE: GDO ) is a fixed income CEF we have covered at the beginning of the year. In the initial article , we highlighted for investors the corporate action the fund was undertaking in order to change its structure
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GDO
Sec Filings
- 9/26/24 - Form NPORT-P
- 9/3/24 - Form SC
- 9/3/24 - Form SC
- GDO's page on the SEC website