1607 Capital Partners Holds 9.9% Stake in Western Asset Trust

TL;DR

**1607 Capital Partners still owns 9.9% of Western Asset Trust, a bullish sign.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Western Asset Investment Grade Defined Opportunity Trust Inc. As of December 31, 2023, 1607 Capital Partners beneficially owned 1,355,326 shares of the company's Common Stock, representing 9.9% of the outstanding shares. This filing indicates a significant, but not controlling, stake held by an institutional investor, which can be a positive signal of confidence for current and prospective shareholders.

Why It Matters

This filing shows that a major institutional investor, 1607 Capital Partners, maintains a substantial 9.9% ownership in Western Asset Investment Grade Defined Opportunity Trust Inc., signaling continued confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces risk by providing a vote of confidence in the company.

Analyst Insight

A smart investor would view this continued significant institutional ownership by 1607 Capital Partners, LLC as a positive signal, suggesting stability and potential long-term value in Western Asset Investment Grade Defined Opportunity Trust Inc., and might consider further research into the trust's performance and strategy.

Key Numbers

• 1,355,326 — Shares Beneficially Owned (This is the total number of Common Stock shares of Western Asset Investment Grade Defined Opportunity Trust Inc. held by 1607 Capital Partners, LLC as of December 31, 2023.)
• 9.9% — Percentage of Class (This represents the percentage of outstanding Common Stock of Western Asset Investment Grade Defined Opportunity Trust Inc. beneficially owned by 1607 Capital Partners, LLC.)
• $0.001 — Par Value per Share (This is the stated par value of the Common Stock of Western Asset Investment Grade Defined Opportunity Trust Inc.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and beneficial owner of shares
• Western Asset Investment Grade Defined Opportunity Trust Inc. (company) — the issuer of the securities
• Delaware (company) — place of organization for 1607 Capital Partners, LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the filing was made

Forward-Looking Statements

• 1607 Capital Partners, LLC will likely maintain its significant stake in Western Asset Investment Grade Defined Opportunity Trust Inc. (1607 Capital Partners, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• igi-123123a2.htm (SC 13G/A) — 81KB
• 0001172661-24-000562.txt ( ) — 82KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Western Asset Investment Grade Defined Opportunity Trust Inc. (b)Address of Issuer’s Principal Executive Offices 620 Eighth Avenue, 47th Floor New York, NY 10018

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC The Walt Disney Company Retirement Plan Master Trust (b)Address of Principal Business Office, or, if none, Residence 1607 Capital Partners, LLC 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 The Walt Disney Company Retirement Plan Master Trust 500 South Buena Vista Street Burbank, CA 91521-050 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Stock, par value $0.001 per share (e) CUSIP No.: 95790A101 CUSIP No. 95790A101 SCHEDULE 13G/A Page 5 of 8 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) x An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) x A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 95790A101 SCHEDULE 13G/A Page 6 of 8 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. 1607 Capital Partners, LLC, an investment adviser, is the beneficial owner of these shares based on having voting power which includes the power to vote, or to direct the voting of, such security and investment power which includes the power to dispose, or to direct the disposition of, such security. The Walt Disney Company Retirement Plan Master Trust is a client of 1607 Capital Partners, LLC and is the beneficial owner of shares solely due to being able to terminate without condition the inve

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