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Business Wire

NEW YORK--(BUSINESS WIRE)-- Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) today announced distributions for December 2012, January and February 2013. The December distribution of $0.1000 per common share is comprised entirely of short-term capital gain. Additionally, the Fund announced a supplemental distribution from long-term capital gain of $0.0700 per common share for December 2012. The January distribution of $0.1000 per common share is comprised of $0.0154 of income and $0.0846 of short-term capital gain. The February distribution of $0.1000 per common share is comprised entirely of income. The Fund had previously paid a monthly distribution of $0.1045 per share.

The distribution schedule appears below:

Month

 

Ex-Date

 

Record Date

 

Payable Date

 

Amount

 

Type

December 12/12/2012 12/14/2012 12/21/2012 $0.1000

Short-Term
Capital Gain

December 12/12/2012 12/14/2012 12/21/2012 $0.0700

Long-Term
Capital Gain

January 01/16/2013 01/18/2013 01/25/2013 $0.0154 Income
January 01/16/2013 01/18/2013 01/25/2013 $0.0846

Short-Term
Capital Gain

February 02/13/2013 02/15/2013 02/22/2013 $0.1000 Income

The Fund has decreased its distributions to a level that better approximates the current level of net investment income generated by its investment portfolio. As the Fund reinvests principal and

income, it reinvests at lower levels as yields remain at historic lows.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2013 and early 2014, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholders tax return (e.g., ordinary income, long-term capital gain or return of capital).

Western Asset Investment Grade Defined Opportunity Trust Inc., a non-diversified, limited-term, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.lmcef.com.

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 Fund.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20121113005993r1&sid=acqr4&distro=nx

Western Asset Investment Grade Defined Opportunity Trust Inc.
Media Contact:
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Source: Western Asset Investment Grade Defined Opportunity Trust Inc.

Copyright Business Wire 2012