BWG - Legg Mason Brandywine Global Income Opportunities: Closed-End Fund At A 9.8% Discount To Net Asset Value Tendering For 20% Of Shares
- Legg Mason Brandywine Global is under a lot of activist pressure.
- This global bond fund historically traded at a wide discount.
- Activists like Saba and Bulldog have come in.
- Bulldog extracted a settlement where the fund buys back 20% of shares at 99.5% of net asset value.
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Legg Mason Brandywine Global Income Opportunities: Closed-End Fund At A 9.8% Discount To Net Asset Value Tendering For 20% Of Shares