Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Elimination of Term
Western Asset Investment Grade Opportunity Trust Inc. (IGI)
US:NYSE Investor Relations:
leggmason.com/en-us/products/closed-end-funds/western-asset-investment-grade-defined-opportunity-trust-inc.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) (the “Fund”) announced today the expiration and final results for its issuer tender offer for up to 100% of the outstanding shares of common stock (“Shares”) of the Fund (the “Tender Offer”). The Tender Offer expired on Tuesday, October 1, 2024 at 5:00 p.m., New York City time.Based on current information, approximately 4,854,372 Shares were duly tendered and not withdrawn, representing approximately 44.75% of the Fund’s common shares outstanding. The Shares accepted for tender were repurchased at a price of $18.15 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. Shares that were not tendered will remain outstanding. Following the Tender Offer, the Fund will have approximately total net assets of $108.7 million.Payment for such Shares will be made on or about October 7, 2024.
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