Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO): Carol L Colman , director of Western Asset Global Corporate Defined Opportunity Fund Inc. purchased 800 shares on Jun 6, 2016. The Insider buying transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.26 per share for a total value of $13,808.00 , the company said in a SEC Form 4 Filing.
Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified limited-term closed-ended management investment company. The Funds primary investment objective is to provide current income. Its secondary investment objective is to seek capital appreciation. The Fund seeks to achieve its investment objectives by investing 80% of its managed assets in a portfolio of the United States and foreign corporate fixed-income securities of varying maturities. The Fund invests at least 40% of its managed assets in fixed-income securities of foreign issuers organized or having a principal place of business outside the United States including in emerging market countries. In addition the Fund may invest up to 35% of its managed assets in fixed-income securities of below investment grade quality. Legg Mason Partners Fund Advisor LLC is the Funds investment manager.