Standard & Poor's Initiates Factual Stock Report Coverage on Western Asset Investment Grade Defined Opportunity Trust Inc.

• Press Release
• Source: Standard & Poor’s
• On 8:00 am EDT, Wednesday October 14, 2009

NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Western Asset Investment Grade Defined Opportunity Trust Inc.

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Related Quotes

Symbol	Price	Change
IGI	19.62	-0.06

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Western Asset Investment Grade Defined Opportunity Trust Inc (NYSE:IGI - News) is a non-diversified, closed-end management investment company. IGI seeks to provide current income and then to liquidate and distribute substantially all of their net assets to stockholders on or about December 2, 2024. As a secondary objective, the fund seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in investment grade corporate fixed-income securities of varying maturities. While the fund may invest up to 20% of its net assets in below investment grade securities, the portfolio's average overall credit quality will be investment grade.

Legg Mason Partners Fund Advisor, LLC ("LMPFA"), the fund's investment manager, will be responsible for administrative and management services to the fund. The manager will receive an annual fee, payable monthly, in an amount equal to 0.65% of the fund's average daily net assets. As of June 30, 2009, LMPFA's total assets under management were approximately $173.0 billion. Western Asset Management Company, the fund's subadviser, will be responsible for the day-to-day portfolio management of the fund subject to the supervision of the fund's Board of Directors and LMPFA. As of June 30, 2009, Western Asset and its supervised affiliates had approximately $483.7 billion in assets under management.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about Western Asset Investment Grade Defined Opportunity Trust Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 800 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP - News), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

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Western Asset Investment Grade Defined Opportunity Trust Inc.
Contact: Fund Services at 1-888-777-0102
or
Standard & Poor's:
Customer Contact:
Richard Albanese, 212-438-3647
richard_albanese@standardandpoors.com
or
Media Relations:
Michael Privitera, 212-438-6679
michael_privitera@standardandpoors.com