UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 10, 2020
Western Asset Investment Grade Income Fund Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 811-02351 | 95-2808650 | |
| (Commission File Number) |
(IRS Employer Identification No.) | |
| 100 International Drive, Baltimore, MD | 21202 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
(888) 777-0102
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act:
| Title of each class |
Trading |
Name of each exchange | ||
| Common Stock | PAI | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01 | Regulation FD Disclosure. |
On January 15, 2020, Western Asset Investment Grade Income Fund Inc. (the “Fund”) issued a press release, the text of which is attached hereto as Exhibit 99.1, announcing the appointments of Jane F. Dasher and Susan B. Kerley as directors of the Fund, effective January 10, 2020.
The information disclosed under this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under Section 18 and shall not be deemed to be incorporated by reference into any filing of the Fund under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| 99.1 | Press Release of the Fund, dated January 15, 2020. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Western Asset Investment Grade Income Fund Inc. | ||||||
| Date: January 15, 2020 | By: | /s/ Jane Trust | ||||
| Name: | Jane Trust | |||||
| Title: | Director, President and Chief Executive Officer | |||||
Exhibit 99.1
CERTAIN CLOSED END FUNDS ADVISED BY WESTERN ASSET MANAGEMENT COMPANY, LLC ANNOUNCE NEW DIRECTORS/TRUSTEES
New York – (Business Wire) – January 15, 2020
Western Asset Investment Grade Income Fund Inc. (NYSE: PAI) and Western Asset Premier Bond Fund (NYSE: WEA) (together, the “Funds”) each announced today the appointments of Jane F. Dasher and Susan B. Kerley as new directors of PAI and as new trustees of WEA, effective January 10, 2020.
Ms. Dasher serves as Chief Financial Officer, Long Light Capital, LLC and on the board of Visual Kinematics, Inc.
Ms. Kerley is an Investment Consulting Partner, Strategic Management Advisors, LLC and serves on the board of various series of the MainStay family of funds. Ms. Kerley formerly served on the Investment Company Institute (ICI) Board of Governors and ICI Executive Committee and was Chair of the Independent Directors Council.
An investment in a Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to risks, such as credit risk, inflation risk, call risk, and interest rate risk. As interest rates rise, bond prices fall, reducing the value of a Fund’s share price. High yield bonds are subject to additional risk and volatility.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Funds.
For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Funds’ web site at http://www.lmcef.com. Hard copies of a Fund’s complete audited financial statements are available free of charge upon request.
Shareholder Contact: Fund Investor Services-1-888-777-0102