Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of December 2024, January and February 2025

Rhea-AI Summary

Franklin Templeton Fund Adviser has announced distribution schedules for certain closed-end funds covering December 2024, January and February 2025. The Western Asset Investment Grade Income Fund (PAI) will distribute $0.05150 per share monthly, while the Western Asset Premier Bond Fund (WEA) will distribute $0.07000 per share monthly. The distributions remain unchanged from previous amounts.

Distribution dates are set for December 31, 2024, February 3, 2025, and March 3, 2025, with corresponding record and ex-dividend dates. Shareholders will receive Form 1099-DIV in early 2025 and 2026 for tax reporting purposes.

NEW YORK--(BUSINESS WIRE)-- Franklin Templeton Fund Adviser, LLC announced today that certain closed end funds have declared their distributions for the months of December 2024, January and February 2025.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/23/2024	12/23/2024	12/31/2024
January	1/24/2025	1/24/2025	2/3/2025
February	2/21/2025	2/21/2025	3/3/2025

Ticker	Fund Name	Month	Amount		Change from Previous Distribution
PAI	Western Asset Investment Grade Income Fund Inc.	December	$0.05150		-
		January	$0.05150
		February	$0.05150
WEA	Western Asset Premier Bond Fund	December	$0.07000		-
		January	$0.07000
		February	$0.07000

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Trustees. If it is estimated that the source of a monthly distribution includes anything other than net investment income, the Fund will provide notice to shareholders containing the estimated sources of the distribution. These notices can be found on the Fund’s website. In early 2025 and early 2026, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

Franklin Templeton Fund Adviser, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20241125402389/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What is the monthly distribution amount for PAI fund from December 2024 to February 2025?

The Western Asset Investment Grade Income Fund (PAI) will distribute $0.05150 per share monthly for December 2024, January 2025, and February 2025.

When are the payable dates for PAI fund distributions in early 2025?

The payable dates for PAI fund distributions are February 3, 2025 for January's distribution and March 3, 2025 for February's distribution.

Has PAI's distribution amount changed from its previous distribution?

No, PAI's distribution amount of $0.05150 per share remains unchanged from its previous distribution.

What tax documents will PAI shareholders receive for these distributions?

Shareholders will receive Form 1099-DIV in early 2025 and 2026, specifying how the distributions should be characterized for tax reporting purposes.