Western Asset Investment Grade Income Fund Inc.·Financial Services

The Income-Covered Closed-End Fund Report screens for CEFs with distribution coverage exceeding 100%, targeting funds less likely to cut payouts. Discounted, fully-covered CEFs offer dual benefits: potential price appreciation from narrowing discounts and enhanced yields based on full NAV distributions. Composite metrics combining yield, discount, and z-score help identify CEFs offering value on both absolute and relative terms, with high income potential.

Western Asset Investment Grade Income Fund Inc. (NYSE: PAI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $12.58 and traded as low as $12.17. Western Asset Investment Grade Income Fund shares last traded at $12.18, with a volume of

Western Asset Income Fund offers primarily investment-grade corporate bond exposure and is also non-leveraged, positioning it as a conservative CEF option. PAI's share price has dropped rather sharply, widening its discount to 7.32%, making the current valuation more attractive for risk-averse investors who still want some yield. The fund maintains strong distribution coverage, with NII coverage at ~108% and a 5.19% yield, supported by rising net investment income and no leverage-related headwinds.

NEW YORK--(BUSINESS WIRE)--Category: Distribution Related.
Western Asset Income Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. It is co-managed by Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade debt, including government securities, bank debt, commercial paper, and cash or cash equivalents. The fund benchmarks the performance of its portfolio against the Barclays U.S. Corporate High Yield Index and the Barclays U.S. Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.
Financial Services
Asset Management - Income
1980-03-17
0.51
Market Peers





