Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Annual Meeting

TL;DR

<b>Western Asset Investment Grade Defined Opportunity Trust Inc. will hold its Annual Meeting of Stockholders on April 12, 2024, to elect directors and ratify auditors.</b>

AI Summary

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) filed a Proxy Statement (DEF 14A) with the SEC on March 6, 2024. The Annual Meeting of Stockholders for Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) will be held on April 12, 2024. The meeting will include a proposal to elect two Class III Directors to the Fund's Board of Directors. Stockholders will also vote on a proposal to ratify PricewaterhouseCoopers LLP (PwC) as the independent registered public accountants for the fiscal year ending November 30, 2024. The record date for determining stockholders entitled to vote was February 7, 2024. The meeting will take place at 280 Park Avenue, New York, New York, at 10:00 a.m. New York time.

Why It Matters

For investors and stakeholders tracking Western Asset Investment Grade Defined Opportunity Trust Inc., this filing contains several important signals. This filing is a definitive proxy statement (DEF 14A), indicating it contains important information for shareholders regarding voting matters and corporate governance. The election of directors and ratification of auditors are key governance activities that directly impact the oversight and management of the fund.

Risk Assessment

Risk Level: low — Western Asset Investment Grade Defined Opportunity Trust Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Review the proposals for director elections and auditor ratification to make informed voting decisions before the April 12, 2024 meeting.

Key Numbers

• 2 — Class III Directors (Number of directors to be elected)
• 2024 — Fiscal Year (Fiscal year for which PwC is proposed as auditor)

Key Players & Entities

• Western Asset Investment Grade Defined Opportunity Trust Inc. (company) — Registrant and Fund name
• IGI (company) — Ticker symbol
• PricewaterhouseCoopers LLP (company) — Proposed independent registered public accountants
• April 12, 2024 (date) — Date of Annual Meeting
• February 7, 2024 (date) — Record date for stockholders
• November 30, 2024 (date) — Fiscal year end
• 280 Park Avenue, New York, New York (location) — Location of Annual Meeting
• 10:00 a.m. (time) — Time of Annual Meeting

FAQ

Industry Context

Western Asset Investment Grade Defined Opportunity Trust Inc. is a closed-end investment fund. Such funds typically hold annual meetings to address governance matters and shareholder interests.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the biographical information and qualifications of the director nominees.
2. Evaluate the independence and qualifications of PricewaterhouseCoopers LLP as the proposed auditor.
3. Submit proxy votes by the deadline to ensure participation in the voting process.

Key Dates

• 2024-04-12: Annual Meeting of Stockholders — Election of directors and ratification of auditors
• 2024-02-07: Record Date — Determines stockholders eligible to vote
• 2024-03-06: Filing Date — Date the definitive proxy statement was filed
• 2024-11-30: Fiscal Year End — End of the fiscal year for which PwC is proposed as auditor

Year-Over-Year Comparison

This is a DEF 14A filing for the annual meeting, which is a standard disclosure for publicly traded companies and investment funds.

Key Financial Figures

• $0.001 — 8,022 shares of Common Stock, par value $0.001 per share, the only authorized class of

Filing Documents

• d780289ddef14a.htm (DEF 14A) — 193KB
• g780289dsp001b.jpg (GRAPHIC) — 4KB
• g780289dsp001c.jpg (GRAPHIC) — 3KB
• g780289dsp7d.jpg (GRAPHIC) — 4KB
• g780289g0305042519224.jpg (GRAPHIC) — 3KB
• 0001193125-24-060369.txt (&nbsp;) — 214KB

From the Filing

DEF 14A 1 d780289ddef14a.htm WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC. WESTERN ASSET INVESTMENT GRADE DEFINED OPPORTUNITY TRUST INC. SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 Western Asset Investment Grade Defined Opportunity Trust Inc. (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. W ESTERN A SSET I NVESTMENT G RADE D EFINED O PPORTUNITY T RUST I NC . (NYSE: IGI) 620 Eighth Avenue, 47th Floor, New York, New York 10018 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS March 6, 2024 To the Stockholders: The Annual Meeting of Stockholders (the Meeting) of Western Asset Investment Grade Defined Opportunity Trust Inc. (the Fund) will be held at 280 Park Avenue, New York, New York, on Friday, April 12, 2024 at 10:00 a.m., New York time, for the following purposes: 1. A proposal to elect two Class III Directors to the Funds Board of Directors ( Proposal No. 1 ); and 2. A proposal to ratify the selection of PricewaterhouseCoopers LLP (PwC) as independent registered public accountants of the Fund for the fiscal year ended November 30, 2024 ( Proposal No. 2 ); and 3. The transaction of such other business as may properly come before the Meeting or any adjournments or postponements thereof. If it is determined that the Meeting will be held at a different time or in a different location or format (i.e., a virtual or hybrid meeting), an announcement of any such updates will be provided by means of a press release, which will be posted on our website (www.franklintempleton.com/investments/options/closed-end-funds). We encourage you to check the website prior to the Meeting if you plan to attend the Meeting. An announcement of any change will also be filed with the Securities and Exchange Commission via its EDGAR system. You do not need to attend the Meeting if you submit your votes on the proposals by proxy promptly. The Board of Directors has fixed the close of business on February 7, 2024 as the record date for the determination of stockholders entitled to notice of, and to vote at, the meeting and any adjournments or postponements thereof. By Order of the Board of Directors Marc A. De Oliveira Secretary March 6, 2024 IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING IN PERSON OR BY PROXY; IF YOU DO NOT EXPECT TO ATTEND THE MEETING, PLEASE COMPLETE, DATE, SIGN AND RETURN THE PROXY CARD (which will be made available to you separately) OR PROVIDE VOTING INSTRUCTIONS BY TELEPHONE OR VIA THE INTERNET. Instructions for Signing Proxy Cards The following general rules for signing proxy cards may be of assistance to you and avoid the time and expense to the Fund invalidating your vote if you fail to sign your proxy card properly. 1. Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card. 2. Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to a name shown in the registration. 3. All Other Accounts: The capacity of the individual signing the proxy card should be indicated unless it is reflected in the form of registration. For example: Registration Valid Signature Corporate Accounts (1) ABC Corp ABC Corp. (by John Doe, Treasurer) (2) ABC Corp John Doe, Treasurer (3) ABC Corp., c/o John Doe, Treasurer John Doe (4) ABC Corp. Profit Sharing Plan John Doe, Trustee Trust Accounts (1) ABC Trust Jane B. Doe, Trustee (2) Jane B. Doe, Trustee, u/t/d 12/28/78 Jane B. Doe Custodial or Estate Accounts (1) John B. Smith, Cust., f/b/o John B. Smith, Jr. UGMA John B. Smith (2) John B. Smith John B. Smith, Jr., Executor Instructions for Telephone/Internet Voting Various brokerage firms may offer the convenience of providing you with voting instructions via telephone or the Internet for shares held through such firms. Instructions for Internet and telephonic voting are included with the proxy card or voting instruction form. W ESTERN A SSET I NVESTMENT G RADE D EFINED O PPORTUNITY T RU

View Full Filing

View this DEF 14A filing on SEC EDGAR