SCHEDULE 13G/A: 1607 Capital Partners Discloses 1.55% Stake in Western Asset Investment Grade Defined Opportunity Trust
Beneficial Ownership Report
1607 Capital Partners, LLC has filed an amended Schedule 13G, reporting a 1.55% beneficial ownership stake in Western Asset Investment Grade Defined Opportunity Trust Inc. as of December 31, 2024.
Summary
- 1607 Capital Partners, LLC filed an Amendment No. 5 to Schedule 13G.
- The filing reports beneficial ownership in Western Asset Investment Grade Defined Opportunity Trust Inc. (CUSIP No. 95790A101).
- As of December 31, 2024, 1607 Capital Partners, LLC beneficially owns 92,900 shares of Common Stock.
- This ownership represents 1.55% of the class of securities.
- 1607 Capital Partners, LLC holds sole voting power and sole dispositive power over all 92,900 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine regulatory disclosure of beneficial ownership by an institutional investor, not indicating any significant positive or negative operational or financial news.
Positives
- The filing indicates continued institutional investor interest in Western Asset Investment Grade Defined Opportunity Trust Inc.
Future Outlook
NA
Industry Context
This is a routine disclosure of institutional ownership in a closed-end fund, Western Asset Investment Grade Defined Opportunity Trust Inc. Such filings are common and reflect portfolio holdings by investment advisors like 1607 Capital Partners, LLC, providing transparency on significant, non-controlling stakes.
Stakeholder Impact
- Shareholders: Provides transparency regarding institutional ownership, confirming a significant holder's stake remains below the control threshold and is held for investment purposes.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date) |
| 02/13/2025 | Date of filing of this Schedule 13G Amendment No. 5 |
Keywords
Western Asset Investment Grade Defined Opportunity Trust Inc., 1607 Capital Partners LLC, Schedule 13G, Beneficial Ownership, Common Stock, Investment Advisor, SEC Filing, Institutional Ownership
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