Dean Investment Associates Opened Huge Western Asset Corporate Loan Fund Inc Position

February 10, 2018 - By Louis Casey

 Dean Investment Associates Opened Huge Western Asset Corporate Loan Fund Inc Position

The New Dean Investment Associates Holding in Western Asset Corporate Loan Fund Inc

Dean Investment Associates reported SC 13G/A form with the SEC for Western Asset Corporate Loan Fund Inc. Access it here: 000119312518037293. As reported by Dean Investment Associates, the filler owns 6.3% or 629,965 shares of the Finance–company.

Western Asset Corporate Loan Fund Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Dean Investment Associates’s positive view for Western Asset Corporate Loan Fund Inc. For a institutional investor managing $548.42 million in assets and having 8+ experts this is interesting position.

Western Asset Corporate Loan Fund Inc Institutional Sentiment

Filings show 28 investors own Western Asset Corporate Loan Fund Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is decreased by 35904. 2836184 were owned by these investors. 4 funds opened new Western Asset Corporate Loan Fund Inc stakes, 10 increased positions. There were 4 that closed positions and 7 reduced them.

Financial & Investment Management Group Ltd is an investor bullish on Western Asset Corporate Loan Fund Inc, owning 118610 shares as of Q3 2015 for 0.34% of its portfolio. William Michaelcheck Mariner Investment Group Llc owns 292227 shares or 0.61% of its portfolio. OH Dean Investment Associates Llc have 1.21% of its portfolio for 523203 shares. Further, Shaker Financial Services Llc reported stake worth 0.64% of its portfolio. The NY Karpus Management Inc owns 48200 shares. Western Asset Corporate Loan Fund Inc is 0.02% of its portfolio.

Business Profile

Western Asset Corporate Loan Fund Inc., formerly LMP Corporate Loan Fund Inc., is a non-diversified, closed-end management investment company. The Fund’s investment objective is to maximize current income consistent with prudent efforts to preserve capital. The Fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions. The Fund invests at least 80% of total assets in collateralized senior loans. Its long-term investments include senior loans, corporate bonds and notes, and common stocks. The Fund may also invest up to 20% of total assets in uncollateralized senior loans; investment and non-investment grade corporate debt securities; the United States government debt; money market instruments, and derivatives. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund. Western Asset Management Company is the sub advisor of the Fund.

SEC Form 13G.

Dean Investment Associates website.

The stock decreased 0.09% or $0.01 during the last trading session, reaching $10.59. About 21,215 shares traded. Western Asset Corporate Loan Fu (NYSE:TLI) has risen 14.99% since February 10, 2017 and is uptrending. It has underperformed by 1.71% the S&P500.

More notable recent Western Asset Corporate Loan Fu (NYSE:TLI) news were published by: Businesswire.com which released: “Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months …” on August 14, 2017, also Businesswire.com with their article: “Western Asset Corporate Loan Fund Inc. Portfolio Composition as of December 31 …” published on April 27, 2015, Seekingalpha.com published: “A Look Into Western Asset’s Closed-End Funds” on October 23, 2017. More interesting news about Western Asset Corporate Loan Fu (NYSE:TLI) were released by: Businesswire.com and their article: “Closed End Funds Advised or Administered by Legg Mason Partners Fund Advisor …” published on December 29, 2017 as well as Businesswire.com‘s news article titled: “LMP Corporate Loan Fund Inc. (TLI) Finalizes Name Change, New Subadvisory …” with publication date: April 04, 2016.

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