NEW shares baseball managers YORK--(Business Wire)--Western petco park baseball recalls Asset Investment Grade Defined Opportunity Trust Inc. (the "Fund")announced today the successful completion of its initial public offering. TheFund raised approximately $218.5 million in its common share offering, assumingfull exercise of the underwriters` overallotment option, which may or may notoccur. Its shares began trading today on the New York Stock Exchange under thesymbol "IGI." The Fund`s primary investment objective is to provide current income and then toliquidate and distribute substantially all of the Fund`s net assets tostockholders on or about December 2, 2024.
As a secondary investment objective,the Fund will seek capital appreciation baseball season tickets . There can be no assurance the Fund willachieve its investment objectives petco park event . The Fund seeks to achieve its investment objectives by investing, under normalmarket conditions, at least 80% of its net assets in investment grade corporatefixed income securities of varying maturities petco park events . While the Fund may invest up to20% of its net assets in below investment grade securities, the portfolio`saverage overall credit quality will be investment grade petco park schedule .
"IGI represents a timely opportunity to take advantage of the current attractivevaluation of bonds issued by blue chip companies with strong fundamentals,"stated Matt Schiffman, Head of Retail Americas for Legg Mason baseball tickets . "This, combinedwith Western Asset`s rigorous fundamental credit research and emphasis on riskmanagement, provides investors with a high-quality, income-oriented investment."Western Asset Investment Grade Defined Opportunity Trust Inc pro baseball tickets . is managed by LeggMason Partners Fund Advisor, LLC ("LMPFA"), a wholly owned subsidiary of LeggMason, Inc rod beck . ("Legg Mason"), and is sub-advised by Western Asset ManagementCompany ("Western Asset"), an affiliate of LMPFA petco park baseball . The underwriting syndicate was led by Merrill Lynch, Pierce, Fenner & SmithIncorporated, Citigroup Global Markets Inc., and Wachovia Capital Markets, LLC. For more information, contact the Fund at 1-888-777-0102 or visit the Fund`s website at Legg MasonLegg Mason is a global asset management firm with $632.4 billion in assets undermanagement as of March 31, 2009. The Company provides active asset management inmany major investment centers throughout the world.
Legg Mason is headquarteredin Baltimore, Maryland, and its common stock is listed on the New York StockExchange (symbol:LM) cubs rooftop . About Western AssetWestern Asset is one of the world's premier fixed-income managers petco park event . With officesin Pasadena, New York, London, Tokyo, Singapore, Hong Kong, Melbourne and SaoPaulo, Western Asset offers institutional and retail clients a full range offixed-income products petco park events . By devoting all of its resources to fixed-income, WesternAsset is able to provide a full commitment to its clients in every area of thefirm . Western Asset's long performance track record and global presence has thempositioned to continue their commitment to excellence in fixed-income investmentmanagement and client service.
Comments are closed.