Western Asset Premier Bond Fund amends bylaws, adds control share acquisition provisions
The Fund's Board of Trustees amended and restated its bylaws effective November 2, 2020, disclosed in a Form 8-K filed November 5, 2020. The changes add a control share acquisition provision that limits voting rights for large share acquirers unless other shareholders approve, and alter director election and shareholder nomination rules.
Key points
- Effective November 2, 2020, the board amended and restated the bylaws, with the amended bylaws furnished as Exhibit 99.1.
- Control share provisions apply to acquisitions crossing thresholds starting at one-tenth of voting power; acquirers may request a vote of non-interested shareholders to approve their voting rights.
- Board director elections move from a plurality to a majority-of-all-votes standard, and advance notice requirements for shareholder nominations are revised.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2020.
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