Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Conference Call
January 25 2010 - 3:28PM
Business Wire
Western Asset Global Corporate Defined Opportunity Fund Inc.
(NYSE: GDO), the most recent addition to the closed-end fund family
affiliated with Legg Mason, Inc., announced today a conference call
to update investors on the Fund’s performance and investment
activities since its successful initial public offering on November
23, 2009. The call will be held on January 27, 2010 at 4:15 p.m.
(Eastern Time). Michael Buchanan, the Head of Global Credit at
Western Asset Management, will discuss the Fund’s investment
portfolio and market outlook and will conclude with a question and
answer session.
Investors can listen to this call by teleconference:
Dial-in information:
Date: January 27, 2010 Time: 4:15 p.m. (Eastern Time) USA
Toll Free Number: 1-888-603-6970 Passcode: Legg Mason
A replay of the call will be made available and instructions on
how to access the replay will be provided at a future date by press
release.
Western Asset Global Corporate Defined Opportunity Fund’s
primary investment objective is to provide current income and then
to liquidate on or about December 2, 2024. As a secondary
investment objective, the Fund will seek capital appreciation.
There can be no assurance, however, that the Fund’s investment
objectives will be achieved. An investment in the Fund entails a
risk of loss and the Fund’s shares may decline in value.
The Fund seeks to achieve its investment objectives by
investing, under normal market conditions, at least 80% of its
managed assets in a portfolio of U.S. and foreign corporate fixed
income securities of varying maturities. Under normal market
conditions, the Fund will invest at least 40% of its managed assets
in fixed income securities of foreign issuers organized or having a
principal place of business outside the United States. GDO expands
upon the existing closed-end fund offerings that encompass a range
of taxable and tax-exempt investment objectives. Other funds in the
Legg Mason-affiliated closed-end fund family include Western Asset
Global High Income Fund Inc. (NYSE: EHI), Western Asset Emerging
Markets Income Fund Inc. (NYSE: EMD), Western Asset Emerging
Markets Debt Fund Inc. (NYSE: ESD), Western Asset Global Partners
Income Fund Inc. (NYSE: GDF), Western Asset Variable Rate Strategic
Fund Inc. (NYSE: GFY), Western Asset High Income Fund Inc. (NYSE:
HIF), Western Asset High Income Opportunity Fund Inc. (NYSE: HIO),
Western Asset High Income Fund II Inc. (NYSE: HIX), Western Asset
Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI),
Western Asset Inflation Management Fund Inc. (NYSE: IMF), Western
Asset Managed High Income Fund Inc. (NYSE: MHY), Western Asset
Income Fund (NYSE: PAI), Western Asset Worldwide Income Fund Inc.
(NYSE: SBW), and Western Asset Premier Bond Fund (NYSE: WEA).
Tax-exempt funds include Western Asset Intermediate Muni Fund
Inc. (NYSE Amex: SBI), Western Asset Municipal High Income Fund
Inc. (NYSE: MHF), Western Asset Managed Municipals Fund Inc. (NYSE:
MMU), Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:
MTT) and Western Asset Municipal Partners Fund Inc. (NYSE:
MNP).
Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the Fund's
investment manager. Investment sub-advisory services are provided
by Western Asset Management Company (“WAM”) and certain of its
affiliates. LMPFA and WAM are both wholly-owned subsidiaries of
Legg Mason, Inc.
Legg Mason is the 6th largest closed-end fund manager in the
U.S., with $7.6 billion in assets under management as of September
30, 2009.
For more information please call 1-888-777-0102 or consult the
Funds’ web site at www.leggmason.com/cef.
SYMBOLS:
NYSE: EHI; EMD; ESD; GDF; GFY; HIF; HIO; HIX; IGI; IMF; MHF;
MHY; MMU; MNP; MTT; PAI; SBW; SCD; WEA
NYSE Amex: SBI
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