1607 Capital Partners Trims Western Asset Premier Bond Fund Stake to 5.0%

TL;DR

**1607 Capital Partners cut its stake in Western Asset Premier Bond Fund to 5.0%.**

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 Premier Bond Fund. As of December 31, 2023, 1607 Capital Partners beneficially owned 793,609 Common Shares, representing 5.0% of the fund's outstanding shares. This filing indicates a slight decrease from their previous reported ownership, which could signal a shift in their investment strategy or portfolio rebalancing, potentially impacting the fund's trading volume or investor sentiment.

Why It Matters

This filing shows that a significant institutional investor, 1607 Capital Partners, has slightly reduced its stake in the Western Asset Premier Bond Fund, which could influence other investors' perceptions of the fund's value or future performance.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership disclosure, indicating a minor change in an institutional holding, which typically carries low risk.

Analyst Insight

Investors should note the slight reduction in stake by 1607 Capital Partners, LLC, but recognize that this remains a passive holding. It might be prudent to monitor future filings for any further significant changes in their position, which could signal a stronger shift in sentiment towards the fund.

Key Numbers

• 793,609 — Shares Beneficially Owned (This is the total number of Common Shares of Western Asset Premier Bond Fund held by 1607 Capital Partners, LLC as of December 31, 2023.)
• 5.0% — Percentage of Class Owned (This represents the ownership stake of 1607 Capital Partners, LLC in the Western Asset Premier Bond Fund, indicating a significant but passive holding.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person, an investment firm based in Delaware
• Western Asset Premier Bond Fund (company) — the issuer of the securities
• 793,609 (dollar_amount) — number of shares beneficially owned by 1607 Capital Partners, LLC
• 5.0% (dollar_amount) — percentage of the class of securities owned by 1607 Capital Partners, LLC
• December 31, 2023 (date) — date of the event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• 1607 Capital Partners, LLC will maintain a passive investment strategy in Western Asset Premier Bond Fund. (1607 Capital Partners, LLC) — high confidence, target: next 12 months

FAQ

Filing Documents

• wea-123123a6.htm (SC 13G/A) — 54KB
• 0001172661-24-000583.txt ( ) — 56KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Western Asset Premier Bond Fund (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 (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Shares, no par value per share (e) CUSIP No.: 957664105 CUSIP No. 957664105 SCHEDULE 13G/A Page 4 of 6 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) o 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) o 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. 957664105 SCHEDULE 13G/A Page 5 of 6 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. (a) Amount beneficially owned: 793,609 (b) Percent of class: 6.7% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 793,609 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 793,609 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the re

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