- Western Asset Investment Grade Opportunity Trust Inc. (IGI, Financial) reported total net assets of $104,648,369 as of February 28, 2025.
- IGI recorded a net investment income of $1,272,473 for the quarter ending February 28, 2025, with a NAV per share of $17.46.
- As of February 28, 2025, IGI's market price of $16.69 reflects a 4.41% discount to its NAV per share.
Western Asset Investment Grade Opportunity Trust Inc. (IGI) has released its financial position as of February 28, 2025, revealing total net assets amounting to $104,648,369. The net asset value (NAV) per share was reported at $17.46, while the market price per share was $16.69, indicating a 4.41% discount from the NAV.
During the quarter, IGI achieved a total net investment income of $1,272,473, which translates to $0.21 per share. However, the fund also experienced a net realized/unrealized loss of $648,126, or $0.11 per share. This resulted in a net increase in assets from operations of $624,347, or $0.10 per share.
A major event impacting IGI's financial structure was the completion of a tender offer on October 2, 2024. The fund accepted 4,854,372 common shares at $18.15 per share, leading to a reduction in outstanding shares from 10,848,022 to 5,993,650.
The substantial decrease in total net assets from $188,642,691 in February 2024 to $104,648,369 is largely attributed to this tender offer. Investors and stakeholders can access detailed financial reports and further information through the SEC’s website or by contacting the fund directly.
