Western Asset Premier Bond Fund Announces Unaudited Earnings Results for the Quarter Ended March 31, 2017
May 15, 2017 at 05:30 pm IST
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Western Asset Premier Bond Fund announced unaudited earnings results for the quarter ended March 31, 2017. For the quarter, the company’s NAV per share of common stock was $14.11 against $13.15 a year ago. Total net investment income was $2,501,523 or $0.21 per share against $2,622,074 or $0.22 per share a year ago. Total net realized/unrealized gain was $2,906,007 or $0.24 per share against loss of $1,352,609 or $0.11 per share a year ago. Net increase in net assets from operations was $5,407,530 or $0.45 per share against $3,974,683 or $0.33 per share a year ago. Undistributed net investment income was $947,108 or $0.08 per share against $3,453,752 or $0.29 per share a year ago.
Western Asset Premier Bond Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. The Fund expects to invest substantially all (but at least 80%) of its total managed assets in bonds, including corporate bonds, United States government and agency securities and mortgage-related securities, and at least 65% of its total managed assets in bonds that, at the time of purchase, are of investment grade quality. The Fund may invest up to 35% of its total managed assets in bonds of below investment grade quality (junk bonds) at the time of purchase. The Fund may invest in securities or instruments other than bonds and may invest up to 10% of its total managed assets in instruments denominated in currencies other than the United States dollar. The Fundâs investment adviser is Western Asset Management Company, LLC.