Western Asset Diversified Income Fund Raises $1.0 Billion In Initial Public Offering, Starts Trading On New York Stock Exchange
Western Asset Diversified Income Fund Raises $1.0 Billion In Initial Public Offering, Starts Trading On New York Stock Exchange
06/28/21, 12:38 PM
Location
san mateoMoney raised
$1 billion
Franklin Templeton, one of the world’s largest asset managers, has announced that Western Asset Diversified Income Fund (the "Fund") has raised $1,000,000,000 in its initial public offering (excluding any exercise of the underwriters' option to purchase additional common shares). The Fund’s common shares began trading on Friday, June 25, 2021, on the New York Stock Exchange under the symbol "WDI," and the offering is expected to close on Tuesday, June 29, 2021, subject to customary closing conditions.
Company Info
Location
san mateo, california, united states
Additional Info
Western Asset is one of the world’s leading fixed-income managers. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Founded in 1971, Western Asset has been recognized for an approach emphasizing team management and intensive proprietary research, supported by robust risk management. To learn more about Western Asset, please visit www.westernasset.com.