Western Asset Investment Grade Income Fund Inc. Announces Annual Meeting of Stockholders

TL;DR

<b>Western Asset Investment Grade Income Fund Inc. will hold its Annual Meeting of Stockholders on May 22, 2024, to elect directors.</b>

AI Summary

Western Asset Investment Grade Income Fund Inc. (PAI) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. The Annual Meeting of Stockholders for Western Asset Investment Grade Income Fund Inc. (PAI) will be held on May 22, 2024, at 10:00 a.m. ET. The meeting will take place at 280 Park Avenue, New York, New York. The primary purposes of the meeting are to elect the Board of Directors and transact other business. The record date for determining stockholders eligible to vote is April 8, 2024. Stockholders are urged to authorize a proxy to vote their shares in advance of the meeting.

Why It Matters

For investors and stakeholders tracking Western Asset Investment Grade Income Fund Inc., this filing contains several important signals. This filing is a definitive proxy statement, indicating that the company is formally soliciting shareholder votes for the upcoming annual meeting. The meeting's agenda includes the election of the Board of Directors, a crucial governance function that impacts the fund's strategic direction and oversight.

Risk Assessment

Risk Level: low — Western Asset Investment Grade Income Fund 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 disclosed.

Analyst Insight

Stockholders should review the proxy materials and vote their shares to ensure their participation in the election of the Board of Directors.

Key Numbers

• May 22, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders.)
• 10:00 a.m. ET — Annual Meeting Time (Time of the Annual Meeting of Stockholders.)
• April 8, 2024 — Record Date (Date to determine stockholders eligible to vote.)

Key Players & Entities

• Western Asset Investment Grade Income Fund Inc. (company) — Registrant and filer of the proxy statement.
• PAI (company) — Ticker symbol for Western Asset Investment Grade Income Fund Inc.
• May 22, 2024 (date) — Date of the Annual Meeting of Stockholders.
• April 8, 2024 (date) — Record date for determining stockholders entitled to vote.
• 280 Park Avenue, New York, New York (location) — Location of the Annual Meeting of Stockholders.
• Securities Exchange Act of 1934 (regulation) — Act under which the proxy statement is filed.

FAQ

Industry Context

Western Asset Investment Grade Income Fund Inc. is a closed-end investment company. This filing pertains to its annual shareholder meeting for corporate governance.

Regulatory Implications

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

What Investors Should Do

1. Review the proxy statement for details on director nominees and voting procedures.
2. Submit proxy votes in advance of the May 22, 2024 meeting.
3. Check the company website for any updates on meeting location or format.

Key Dates

• 2024-05-22: Annual Meeting of Stockholders — Election of Board of Directors and other business.
• 2024-04-08: Record Date — Determines stockholders eligible to vote at the Annual Meeting.

Year-Over-Year Comparison

This is a definitive proxy statement (DEF 14A) filed on April 17, 2024, for the annual meeting scheduled for May 22, 2024. It provides formal notice and details for shareholder voting.

Key Financial Figures

• $18,576 — re a fee that is not expected to exceed $18,576. However, the exact cost will depend on

Filing Documents

• d819597ddef14a.htm (DEF 14A) — 179KB
• g819597002.jpg (GRAPHIC) — 2KB
• g819597003.jpg (GRAPHIC) — 2KB
• g819597dsp1.jpg (GRAPHIC) — 3KB
• g819597dsp1a.jpg (GRAPHIC) — 2KB
• g819597g66b47.jpg (GRAPHIC) — 25KB
• 0001193125-24-099097.txt (&nbsp;) — 223KB

From the Filing

DEF 14A 1 d819597ddef14a.htm WESTERN ASSET INVESTMENT GRADE INCOME FUND INC. Western Asset Investment Grade Income Fund Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the RegistrantFiled 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 240.14a-12 Western Asset Investment Grade Income Fund 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 paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 W ESTERN A SSET I NVESTMENT G RADE I NCOME F UND I NC . (NYSE PAI) 620 Eighth Avenue, 47th Floor New York, New York 10018 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD MAY 22, 2024 To the Stockholders of Western Asset Investment Grade Income Fund Inc. The Annual Meeting of Stockholders (the Annual Meeting) of Western Asset Investment Grade Income Fund Inc. (the Fund) is scheduled to be held at 280 Park Avenue, New York, New York, on Wednesday, May 22, 2024, at 10:00 a.m., Eastern Time, for the following purposes: (1) Electing the Board of Directors; and (2) Transacting such other matters as may properly come before the Annual Meeting and any adjournment(s) or postponement(s) thereof. If it is determined that the Annual 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 our website prior to the Annual Meeting if you plan to attend the Annual Meeting. An announcement of any change will also be filed with the Securities and Exchange Commission via its EDGAR system. The Board of Directors has fixed the close of business on April 8, 2024 as the record date for the determination of stockholders entitled to receive notice of and to vote at the Annual Meeting and any adjournment(s) or postponement(s) thereof. Whether or not you plan to attend the Annual Meeting, we urge you to authorize a proxy to vote your shares of common stock in advance of the Annual Meeting by one of the methods described in the proxy materials for the Annual Meeting. The Proxy Statement is available on the Internet at https://www.proxy-direct.com/fnk-33893. The enclosed proxy is being solicited on behalf of the Board of Directors of the Fund. By Order of the Board of Directors Marc A. De Oliveira Secretary April 17, 2024 IT IS IMPORTANT THAT YOUR SHARES OF COMMON STOCK BE REPRESENTED AT THE ANNUAL MEETING. WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING, PLEASE VOTE BY TELEPHONE, INTERNET OR MAIL. IF YOU ARE VOTING BY MAIL PLEASE DATE, FILL IN, SIGN AND MAIL THE ENCLOSED PROXY IN THE ACCOMPANYING ENVELOPE, WHICH REQUIRES NO POSTAGE IF MAILED IN THE UNITED IS EXTREMELY IMPORTANT. NO MATTER HOW MANY OR HOW FEW SHARES OF COMMON STOCK YOU OWN, PLEASE SEND IN YOUR PROXY CARD (OR VOTE BY TELEPHONE OR THROUGH THE INTERNET PURSUANT TO THE INSTRUCTIONS CONTAINED ON THE PROXY CARD) TODAY. W ESTERN A SSET I NVESTMENT G RADE I NCOME F UND I NC . 620 Eighth Avenue, 47th Floor New York, New York 10018 PROXY STATEMENT Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders to be Held on May 22, 2024: The proxy statement and related materials are available at: https://www.proxy-direct.com/fnk-33893 This proxy statement is furnished in connection with the solicitation by the Board of Directors (the Board) of Western Asset Investment Grade Income Fund Inc. (the Fund) of proxies to be voted at the Annual Meeting of Stockholders of the Fund (the Annual Meeting) to be held at 280 Park Avenue, New York, New York, on Wednesday, May 22, 2024, at 10:00 a.m., Eastern Time, and at any adjournment(s) or postponement(s) thereof. At the Annual Meeting, stockholders will be asked to consider the re-election of eleven Directors (collectively, the Nominees) to the Board. If it is determined that the Annual 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 Annual Meeting if you plan

View Full Filing

View this DEF 14A filing on SEC EDGAR