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Western Asset Investment Grade Defined Opportunity Trust Inc. Announces Financial Position as of February 28, 2011


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NEW YORK--([ BUSINESS WIRE ])--Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) today announced the financial position of the Fund as of February 28, 2011.

Current QPrevious QPrior Yr Q
February 28, 2011November 30, 2010February 28, 2010
Total Net Assets $ 226,635,265 $ 227,337,489 $ 217,305,955
NAV Per Share of Common Stock (a) $ 21.29 $ 21.35 $ 20.57
Market Price Per Share $ 19.67 $ 20.79 $ 20.21
Premium / (Discount) (7.61 )% (2.62 )% (1.75 )%
Outstanding Shares 10,646,987 10,646,933 10,562,972
Total Net Investment Income (b) $ 3,039,472 $ 2,998,894 $ 3,145,694
Total Net Realized/Unrealized Gain/(Loss) (b) $ (6,741 ) $ (1,579,309 ) $ 103,559
Net Increase (Decrease) in Net Assets From Operations (b) $ 3,032,731 $ 1,419,585 $ 3,249,253

Earnings per Common Share Outstanding

Total Net Investment Income (b) $ 0.29 $ 0.28 $ 0.30
Total Net Realized/Unrealized Gain/(Loss) (b) $ (0.00 )

a

$ (0.15 ) $ 0.01
Net Increase (Decrease) in Net Assets From Operations (b) $ 0.29 $ 0.13 $ 0.31
Undistributed/(Overdistributed) Net Investment Income (c) $ 1,815,364 $ 1,001,112 $ 270,019
Undistributed/(Overdistributed) Net Investment Income
Per Share (c) $ 0.17 $ 0.09 $ 0.03

Footnotes:

(a) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(b) For the quarter indicated.
(c) As of the date indicated above.
a Amount represents less then $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commissiona™s website at [ www.sec.gov ]. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Investment Grade Defined Opportunity Trust Inc., a non-diversified, limited-term, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company, an affiliate of the manager.

For more information, please call 1-888-777-0102 or consult the Funda™s web site at [ www.leggmason.com/cef ].

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.


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