Western Asset Investment Grade Income Fund Inc. (PAI)
| Market Value | 118.60M |
| Revenue (ttm) | 6.78M |
| Net Income (ttm) | 10.59M |
| Shares Out | 9.51M |
| EPS (ttm) | 1.11 |
| PE Ratio | 11.20 |
| Forward PE | n/a |
| Dividend | $0.62 (4.96%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 7,031 |
| Open | 12.45 |
| Previous Close | 12.52 |
| Day's Range | 12.45 - 12.62 |
| 52-Week Range | 11.42 - 13.18 |
| Beta | 0.53 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PAI
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset... [Read more]
News
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of September 30, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
PAI: Discount Narrows But Continuing To Hold
The Western Asset Investment Grade Income Fund has been benefiting from a narrowing discount to NAV to help boost total returns. With this occurring, PAI's appeal has declined, but it still isn't nece...
PAI: Fed Turns Dovish, What's Next For This Bond Fund?
The Western Asset Inv Grade Income Fund Inc primarily invests in safe investment-grade bonds, offering a lower yield of 4.83% compared to junk bond funds. Despite its lower yield, the PAI closed-end f...
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of September, October and November 2024
NEW YORK--(BUSINESS WIRE)--Franklin Templeton Fund Adviser, LLC announced today that certain closed end funds have declared their distributions for the months of September, October and November 2024.
My Top 10 Closed-End Fund Holdings: August 2024
Closed-end funds overall have seen discounts narrow since the start of the year, but opportunities still exist in certain areas of the market. With increased market volatility more recently, that may ...
PAI: Conservative Way To Play Future Rate Cuts
Western Asset Inv Grade Income Fund Inc has been moving mostly sideways since our last update but continues to offer an attractive discount. The PAI closed-end fund is relatively conservative thanks t...
4 Closed-End Fund Buys In The Month Of May 2024
The overall broader indexes were heading higher after April's rather brief and shallow pullback. There was a bit more volatility toward the end of the month, which will be interesting to see if that d...
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2024
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
5 Closed-End Fund Buys In The Month Of April 2024
April turned out to be a little more exciting, with the broader equity market pulling back. This helped to create some added volatility that saw discounts widen in some closed-end funds. Every month I...
PAI: Bonds And The Fed May Still Be Too Optimistic
The Western Asset Investment Grade Income Fund has a lower yield than most fixed-income closed-end funds and money market funds. The fund has outperformed the Bloomberg U.S. Aggregate Bond Index over ...
3 Closed-End Fund (Plus An ETF) Buys In The Month Of February 2024
The broader market has continued its march higher throughout February, reaching new record highs. Despite the market continuing to move higher, I believe there are still opportunities to put cash to w...
Western Asset Investment Grade Income Fund Inc. (NYSE: PAI) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:
My Top 10 Closed-End Fund Holdings: December 2023
I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior...
PAI: Investment-Grade Focused Fund Sees Another Distribution Bump
Western Asset Investment Grade Income Fund's latest report reflects an increase in income generation year-over-year and quarter-over-quarter. The fund's discount remains attractive relative to its his...
4 Closed-End Fund Buys From The Month Of November 2023
The market is anticipating rate cuts, which led to a rally in November as rates on risk-free Treasuries retreated. Closed-end funds present good investment opportunities, trading at historically deep ...
Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatil...
4 Closed-End Fund Buys In The Month Of September 2023
September was the worst month for equities in 2023, but that's simply creating buying opportunities for the long-term investor. I added to four different positions in my CEF portfolio this month, thou...
PAI: Yield Is Too Low, Just Buy Treasuries
The Western Asset Inv Grade Income Fund Inc has a current yield of 4.96%, lower than most money market funds. The PAI closed-end fund has outperformed bond indices over the past year, but its low yiel...
5 Closed-End Fund Buys In The Month Of August 2023 (Plus 2 I Sold)
This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in clos...
WDI And PAI: Attractively Discounted And Delivering Investors Income
WDI and PAI are two funds that can deliver regular income to investors with a monthly distribution, though they pay out substantially different levels of yield. These are two quite different funds in ...
3 Closed-End Fund Buys In The Month Of May 2023
BANX has bounced back after being sold off during the banking crisis, with its NAV increasing by 2.62% in April. ETW offers a more defensive approach with a call-writing strategy and global exposure, ...
3 Closed-End Fund Buys In The Month Of April 2023
April saw the market continuing to push off the lows it touched in March due to bank failures. Despite the overall uncertainty and precarious banking situation, the overall market volatility has conti...