Western Asset Investment Grade Income Fund Inc. Reports $2.59M Net Asset Increase and $0.27 EPS for Q1 2025, Rebounding from Previous Quarter Loss

Reuters
2025/05/19
Western Asset Investment Grade Income Fund Inc. Reports $2.59M Net Asset Increase and $0.27 EPS for Q1 2025, Rebounding from Previous Quarter Loss

Western Asset Investment Grade Income Fund Inc. has announced its financial position as of March 31, 2025. The Fund reported a total net investment income of $1.523 million for the current quarter, consistent with the previous quarter's income of $1.523 million, and slightly above the prior year's $1.489 million. The total net realized/unrealized gain/loss showed a significant improvement, with a gain of $1.070 million compared to a loss of $5.110 million in the previous quarter. The net increase in net assets from operations was $2.593 million, contrasting with a decrease of $3.587 million in the previous quarter, and a smaller increase of $0.432 million in the prior year quarter. The earnings per common share from total net investment income remained stable at $0.16, while the gain/loss per share improved to $0.11 from a loss of $0.54 in the previous quarter. The net increase in net assets from operations per share was $0.27, compared to a decrease of $0.38 in the previous quarter. The Fund's total net assets were reported at $123.832 million, a slight increase from $122.717 million in the previous quarter. The NAV per share of common stock was $13.02, up from $12.90 in the previous quarter. The market price per share was $12.85, reflecting a smaller discount of 1.31% compared to the previous quarter's discount of 3.02%. The Fund continues to be managed by Western Asset Management Company, a subsidiary of Franklin Resources, maintaining its focus on a diversified portfolio of debt securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Western Asset Investment Grade Income Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250519446481) on May 19, 2025, and is solely responsible for the information contained therein.

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