News Column

Western Asset Premier Bond Fund Announces Financial Position as of March 31, 2014

June 9, 2014

NEW YORK--(BUSINESS WIRE)-- Western Asset Premier Bond Fund, which is listed on the New York Stock Exchange under the symbol “WEA”, today announced the financial position of the Fund as of March 31, 2014.

           
Current QPrevious QPrior Yr Q
March 31, 2014December 31, 2013March 31, 2013
Total Assets (a) $ 258,040,701 $ 249,503,065 $ 255,525,827
Total Net Assets (a) $ 180,075,904 $ 176,191,945 $ 179,825,465
NAV Per Share of Common Stock (b) $ 15.14 $ 14.81 $ 15.13
Market Price Per Share $ 14.54 $ 14.53 $ 15.51
Premium / (Discount) (3.96)% (1.89)% 2.51%
Outstanding Shares 11,895,590 11,895,590 11,885,066
 
Total Net Investment Income (c)(d) $ 3,209,946 $ 3,204,517 $ 3,489,668
Total Net Realized/Unrealized Gain/(Loss) (c) $ 3,908,872 $ 1,814,596 $ 3,689,288
Preferred Dividends Paid from Net Investment Income (c) $ (23,050) $ (22,976) $ (33,689)
Net Increase (Decrease) in Net Assets From Operations (c) $ 7,095,768 $ 4,996,137 $ 7,145,267
 

Earnings per Common Share Outstanding

Total Net Investment Income (c)(d) $ 0.27 $ 0.27 $ 0.29
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.33 $ 0.15 $ 0.31
Preferred Dividends Paid from Net Investment Income (c) $ (0.00) * $ (0.00)

*

$ (0.00)

*

Net Increase (Decrease) in Net Assets From Operations (c) $ 0.60 $ 0.42 $ 0.60
 
Undistributed/(Overdistributed) Net Investment Income (e) $ 6,995,058 $ 7,019,971 $ 7,031,241
Undistributed/(Overdistributed) Net Investment Income
Per Share (e) $ 0.59 $ 0.59 $ 0.59
 
Preferred Shares Outstanding (e) $ 72,000,000 $ 72,000,000 $ 72,000,000
Footnotes:

(a)

     

The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock

(“ARPS”); total net assets do not include the liquidation value of ARPS.

(b)

NAVs are calculated as of the close of business on the last business day in the periods indicated above.

(c)

For the quarter indicated.

(d)

Excludes distributions paid to preferred stockholders from net investment income.

(e)

As of the period indicated above.

*

Amount represents less than $0.01 per share.



This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Premier Bond Fund is a closed-end investment company that invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Company, a subsidiary of Legg Mason, Inc. Western Asset Management Company has managed the Fund since its inception in 2002.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.




Media:

Western Asset Premier Bond Fund

Maria Rosati, 212-805-6036

mrosati@leggmason.com


Source: Western Asset Premier Bond Fund


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters