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Business Wire (Thu, 21-May 8:00 AM ET)
Western Asset Investment Grade Income Fund Inc. Announces Financial Position as of March 31, 2026
Business Wire (Thu, 21-May 8:00 AM ET)
The Fund seeks a high level of current income, consistent with prudent investment risk, through investment in a diversified portfolio of debt securities. To a lesser extent, the Fund may also invest in privately placed debt securities and in certain equity securities. Capital appreciation is a secondary investment objective. The Fund’s investment policies provide that its portfolio be invested as follows: at least 75% in debt securities rated within the four highest grades, and in government securities, bank debt, commercial paper, cash or cash equivalents; up to 25% in other fixed-income securities, convertible bonds, convertible preferred and preferred stock; and not more than 25% in securities restricted as to resale.
Western Asset Investment Grade Income trades on the NYSE stock market under the symbol PAI.
As of July 24, 2026, PAI stock price was flat at $11.86 with 24,704 million shares trading.
PAI has a market cap of $112.80 million. This is considered a Micro Cap stock.
In the last 3 years, PAI traded as high as $13.66 and as low as $10.61.
PAI has underperformed the market in the last year with a return of -1.7%, while the SPY ETF gained +17.7%. In the last 3 month period, PAI fell short of the market, returning -1.1%, while SPY returned +3.8%. However, in the most recent 2 weeks PAI has outperformed the stock market by returning -1.5%, while SPY returned -2.1%.
PAI support price is $11.80 and resistance is $11.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAI shares will trade within this expected range on the day.
