Western Asset Investment Grade Opportunity Trust Inc. (IGI)
The Western Asset Investment Grade Defined Opportunity Trust Inc. operates as a closed-end mutual fund concentrating on fixed income, initially established and overseen by Legg Mason Partners Fund Advisor, LLC. Its management is shared among several entities, including Western Asset Management Company, Western Asset Management Company Pte. Ltd, Western Asset Management Company Ltd., and Western Asset Management Company Limited. This U.S.-domiciled trust, formed on June 26, 2009, allocates its capital specifically within the fixed income markets of the United States. Its investment objective is to acquire securities from companies spanning a broad range of diversified sectors, with a primary focus on investment-grade corporate debt instruments possessing various maturity dates. All investment decisions are informed by the fund's proprietary in-house research. The trust is scheduled to liquidate on or around December 2, 2024.
Industry: Asset Management
Western Asset Investment Grade Defined Opportunity Trust Inc.
NYSE:IGIFinancial Services · Asset Management
-0.43%$15.24
AH Close$15.24+0.00%vs close
AH Close$15.24+0.00%vs close
Mkt Cap$91.37M
Float5.99M
O/S5.99M
Inst Own44.6%
SI0.3%
Div Yield5.59%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.14M
Net Income$6M
Total Assets$107.12M
Free Cash Flow$0
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$106.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IGI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$107.12M
Liabilities$928K
Accounts Receivable$1.58M
Accounts Payable$715K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 |
| Revenue | $4.14M | $6.65M | $5.38M | -$37M | $11.11M | $8M | $32.01M | -$8M | $19.81M |
| YoY Growth | -37.8% | 23.5% | -114.5% | -433.0% | 39.0% | -75.0% | -500.2% | -140.4% | - |
| Cost of Revenue | $739K | $1.2M | $1.2M | $1.39M | $1.68M | $1.6M | $1.54M | $0 | $0 |
| Gross Profit | $3.4M | $17.04M | $4.18M | -$38.39M | $9.43M | $6.39M | $30.47M | -$8M | $19.81M |
| Gross Margin | 82.1% | 256.4% | 77.7% | 103.8% | 84.9% | 80.0% | 95.2% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $271K | $350K | $229K | $245K | $245K | $275K | $233K | $234K | $244K |
| Other | -$2.87M | -$20K | $6.89M | $23K | $117K | $19.81M | $57K | $57K | $53K |
| Total Operating Expenses | -$2.6M | $330K | $7.12M | $268K | $362K | $20.08M | $290K | $291K | $297K |
| Operating Income (EBIT) | $6M | $16.71M | -$2.94M | -$37.27M | $1.93M | $19.76M | $31.72M | -$8.29M | $19.52M |
| Operating Margin | 145.0% | 251.4% | -54.6% | 100.7% | 17.4% | 247.2% | 99.1% | 103.6% | 98.5% |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $158 | $69 | $27 |
| Interest Income | $6.09M | $9.78M | $10.28M | $9.99M | $10.03M | $10.25M | $11.06M | $11.64M | $12.26M |
| Other Income (Expense) | $766 | -$23K | $9.88M | $6K | -$2K | $2K | $0 | -$69 | -$27 |
| Income Before Tax (EBT) | $6M | $16.71M | $6.94M | -$37.27M | $1.93M | $19.76M | $31.72M | -$8.29M | $19.52M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$53K |
| Net Income | $6M | $16.71M | $6.94M | -$37.27M | $1.93M | $19.76M | $31.72M | -$8.29M | $19.52M |
| Net Income Margin | 145.0% | 251.4% | 129.0% | 100.7% | 17.4% | 247.2% | 99.1% | 103.6% | 98.5% |
| Supplementary Data | |||||||||
| EPS | 1.00 | 2.79 | 0.64 | -3.44 | 0.18 | 1.82 | 2.93 | -0.77 | 1.81 |
| Diluted EPS | 1.00 | 1.34 | 0.64 | -3.44 | 0.18 | 1.82 | 2.93 | -0.77 | 1.81 |
| Weighted Average OS | 5.99M | 5.99M | 10.85M | 10.85M | 10.85M | 10.84M | 10.84M | 10.76M | 10.78M |
| EBITDA | $6M | $16.73M | $6.93M | -$37.27M | $1.93M | $19.76M | $31.72M | -$16.42M | $0 |
| EBITDA Margin | 145.0% | 251.8% | 128.8% | 100.7% | 17.4% | 247.2% | 99.1% | 205.3% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $11K | $246 | $109K | $59K | $18K | $367 | $22K | $27K | $79K |
| Short-Term Investments | $313K | $554K | $1.26M | $838K | $2.39M | $782K | $2.21M | $0 | $0 |
| Cash and Short-Term Investments | $324K | $555K | $1.37M | $897K | $2.41M | $782K | $2.23M | $27K | $79K |
| Accounts Receivable | $1.58M | $1.5M | $2.52M | $2.47M | $2.46M | $2.57M | $2.75M | $3.17M | $4.38M |
| Inventory | $0 | $0 | $0 | $3.76M | $4.85M | $0 | $4.96M | $0 | $0 |
| Other Current Assets | -$1.9M | -$1.5M | -$3.89M | -$3.76M | -$4.86M | -$2.57M | -$4.98M | $0 | $0 |
| Total Current Assets | $12K | $555K | $2.63M | $2.47M | $2.46M | $0 | $2.75M | $3.17M | $4.38M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $105.42M | $183.07M | $185.57M | $231.84M | $237.43M | $228.53M | $208.5M | $224.95M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$208.5M | -$224.95M |
| Total Long-Term Assets | $107.11M | $105.42M | $183.07M | $185.57M | $231.84M | $237.43M | $228.53M | $208.5M | $224.95M |
| Other Assets | $107.12M | $1.21M | $465K | $696K | $309K | $240.37M | $285K | $383K | $539K |
| Total Assets | $107.12M | $107.19M | $186.17M | $188.74M | $234.61M | $240.37M | $231.57M | $212.05M | $229.87M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $715K | $1.59M | $743K | $1.57M | $1.43M | $721K | $2.48M | $3.76M | $2.55M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $54K | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $924K | -$79K | $0 | $0 | $0 | -$134K | -$126K | -$3.93M | -$2.68M |
| Total Current Liabilities | $924K | $1.59M | $743K | $1.57M | $1.43M | $721K | $2.48M | $3.76M | $2.55M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $290K | $254K | $223K | $326K | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $108K | $290K | $254K | $223K | $326K | $910K | $2.71M | $0 | $0 |
| Other Liabilities | $4K | $0 | $0 | -$1.34M | $0 | -$910K | -$2.71M | $4.05M | $2.77M |
| Total Liabilities | $928K | $1.88M | $997K | $1.79M | $1.76M | $721K | $2.48M | $4.05M | $2.77M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $6K | $6K | $11K | $11K | $11K | $11K | $11K | $11K | $11K |
| Retained Earnings | -$12.17M | -$13.06M | -$21.43M | -$19.65M | $26.27M | $32.99M | $22.5M | $1.81M | $5K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $118.35M | $118.35M | $206.59M | $206.59M | $206.56M | $206.46M | $206.35M | $206.18M | $227.09M |
| Total Equity | $106.19M | $105.3M | $185.17M | $186.95M | $232.85M | $239.46M | $228.86M | $208M | $227.11M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $107.12M | $107.19M | $186.17M | $188.74M | $234.61M | $240.18M | $231.34M | $212.05M | $229.87M |
| Supplementary Data | |||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$11K | -$246 | -$109K | -$59K | -$18K | -$367 | -$22K | -$27K | -$79K |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Operating Activities | |||||
| Net Income | $6.94M | -$37.27M | $1.93M | $19.76M | $31.72M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$6.94M | $37.27M | -$1.93M | -$19.76M | -$31.72M |
| Net Cash from Operating | $0 | $0 | $0 | $0 | $0 |
| Investing Activities | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||
| Debt Repaid | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $50K | $42K | $17K | -$21K | $0 |
| Supplementary Data | |||||
| Operating Cash Flow | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | $59K | $18K | $367 | $22K | $0 |
| Cash at End | $109K | $59K | $18K | $367 | $0 |