Western Asset Investment Grade Income Fund Inc. (PAI)

NYSE: PAI · Real-Time Price · USD
12.80
+0.20 (1.55%)
Nov 7, 2024, 3:49 PM EST - Market closed
1.55%
Market Value 121.69M
Revenue (ttm) 6.78M
Net Income (ttm) 10.59M
Shares Out 9.51M
EPS (ttm) 1.11
PE Ratio 11.50
Forward PE n/a
Dividend $0.62 (4.83%)
Ex-Dividend Date Nov 21, 2024
Volume 7,999
Open 12.72
Previous Close 12.60
Day's Range 12.55 - 13.02
52-Week Range 11.03 - 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]

Sector Financials
Founded 1973
Country United States
Stock Exchange NYSE
Ticker Symbol PAI
Full Company Profile

News

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...

6 days ago - Seeking Alpha

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...

7 weeks ago - Seeking Alpha

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.

Other symbols: WEA
2 months ago - Business Wire

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 ...

Other symbols: ADXASGIBDJBMEETGFLCHTD
2 months ago - Seeking Alpha

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 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2024

NEW YORK--(BUSINESS WIRE)--Category: Financials.

6 months ago - Business Wire

Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2024

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.

6 months ago - Business Wire

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...

Other symbols: BDJBMECIINUWXFLT
6 months ago - Seeking Alpha

4 Closed-End Fund Buys In The Month Of March 2024

4 Closed-End Fund Buys In The Month Of March 2024

Other symbols: ASGIBUIHTDNUWPDTPDX
7 months ago - Seeking Alpha

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 ...

8 months ago - Seeking Alpha

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...

Other symbols: ETGEVTRIET
8 months ago - Seeking Alpha

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:

8 months ago - Business Wire

5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)

January saw some mixed results in terms of sector performance, with real estate returning some of the gains they saw in the previous couple of months.

Other symbols: CLMDFPETVFLCHIENUWSPY
9 months ago - Seeking Alpha

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...

10 months ago - Seeking Alpha

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...

11 months ago - Seeking Alpha

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 ...

Other symbols: BUIIGAPDX
11 months ago - Seeking Alpha

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...

Other symbols: BHKBKTBTZEGFFMYGDOHYG
1 year ago - Seeking Alpha

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...

Other symbols: BDJBMEBMEZNUWSPYXBIXLV
1 year ago - Seeking Alpha

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...

1 year ago - Seeking Alpha

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...

Other symbols: ASGIDPGHTDNUWNXGPDIPDT
1 year ago - Seeking Alpha

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 ...

Other symbols: WDI
1 year ago - Seeking Alpha

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, ...

Other symbols: BANXBKLNETWLQDRSP
1 year ago - Seeking Alpha

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...

Other symbols: ASGINUW
1 year ago - Seeking Alpha

NAD And PAI: Choosing Quality

NAD is a leveraged municipal bond fund emphasizing higher credit quality. PAI is a non-leveraged fund focused on investment-grade corporate bonds.

Other symbols: NAD
1 year ago - Seeking Alpha