Western Asset Investment Grade Income Fund Inc.
PAI
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Kenneth Donald Fuller
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 620 Eighth Avenue, 47th Floor New York NY United States of America 10018
- IPO Date
- Mar 17, 1980
- CIK
- 0000075398
- Similar Companies
- Business
- Western Asset Investment Grade Income Fund Inc. (NYSE: PAI) is a diversified closed-end management investment company that seeks a high level of current income consistent with prudent investment risk, with capital appreciation as a secondary objective. The fund invests primarily in a diversified portfolio of investment grade debt securities, including government securities, U.S. Treasury and agency securities, investment-grade corporate bonds, bank debt, commercial paper, mortgage- and asset-backed securities, and cash or cash equivalents; it benchmarks performance against the Barclays U.S. Credit Index and may employ leverage through borrowings and derivatives to enhance income, subject to regulatory limits. Western Asset Management Company, a subsidiary of Franklin Resources, Inc., serves as the investment adviser and has managed the fund since its inception in March 1973, with co-management by Western Asset Management Company Limited; the fund operates principally in the U.S. fixed income markets, with potential exposure to developed international markets for yield and diversification. Recent financial disclosures include the announcement of the fund's financial position as of September 30, 2025, reporting total net assets of $127,030,472, net investment income of $1,570,250, and a net increase in net assets from operations of $3,551,944, alongside updates on portfolio management team changes. Institutional ownership stands at approximately 18.99% of shares, with recent increases in holdings by investors such as Fiera Capital Corp, Jones Financial Companies LLLP, and Aviance Capital Partners LLC during the third quarter of 2025, reflecting sustained interest amid market activity. The fund maintains a portfolio of 467 holdings as of recent data, with a weighted average coupon of 5.93%, effective duration of 6.73 years, and a focus on credit research to identify attractively priced securities.