Business Wire | Sep 29, 2020 08:00AM EDT

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of July 31, 2020

Sep. 29, 2020

NEW YORK--(BUSINESS WIRE)--Sep. 29, 2020--Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) today announced the financial position of the Fund as of July 31, 2020.

Current Q Previous Q Prior Yr Q July 31, April 30, July 31, 2020 2020 2019 $ $ $Total Assets (a) 384,679,307 365,070,740 369,223,777

$ $ $Total Net Assets (a) 272,049,250 247,086,408 273,829,803

NAV Per Share of Common Stock (b) $ 18.21 $ 16.54 $ 18.33

Market Price Per Share $ 17.22 $ 15.30 $ 17.10

Premium / (Discount) (5.44)% (7.50)% (6.71)%

Outstanding Shares 14,938,426 14,938,426 14,940,540

Total Net Investment Income (c) $ 4,046,441 $ 3,677,990 $ 3,771,716

Total Net Realized/Unrealized Gain/ $ $ $ 6,004,857(Loss) (c) 25,442,744 (31,201,302)

Net Increase (Decrease) in Net Assets $ $ $ 9,776,573From Operations (c) 29,489,185 (27,523,312)

Earnings per Common Share OutstandingTotal Net Investment Income (c) $ 0.27 $ 0.25 $ 0.25

Total Net Realized/Unrealized Gain/ $ 1.70 $ (2.09) $ 0.40(Loss) (c)Net Increase (Decrease) in Net Assets $ 1.97 $ (1.84) $ 0.65From Operations (c) Undistributed/(Overdistributed) Net $ $ $Investment Income (d) (4,102,836) (3,622,934) (3,949,982)

Undistributed/(Overdistributed) Net InvestmentIncomePer Share (d) $ (0.27) $ (0.24) $ (0.26)

$ $ 90,000,000 $Loan Outstanding (d) 90,000,000 88,000,000

$ $ 18,695,000 $ 8,441,250Reverse Repurchase Agreements (d) 18,745,625

Footnotes:

(a) The difference between total assets and total net assets is due primarily to the Fund's use of borrowings; total net assets do not include borrowings.

(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) As of the date indicated above.

This financial data is unaudited.

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

On July 31, 2020, Franklin Resources, Inc. ("Franklin Resources") acquired Legg Mason, Inc. ("Legg Mason") in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified, limited-term, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources. It is sub-advised by Western Asset Management Company ("WAMCo") and certain of WAMCo's foreign-based affiliates; WAMCo and its affiliates are also affiliates of the investment manager.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund's web site at www.lmcef.com. Hard copies of the Fund's 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 Fund.

Category: Financials

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CONTACT: Media: Fund Investor Services 1-888-777-0102