Davis Polk & Wardwell LLP advised Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representatives of the several underwriters on the $280 million SEC-registered initial public offering of 14,000,000 shares of common stock of Western Asset Global Corporate Defined Opportunity Fund Inc. The shares are listed on the New York Stock Exchange under the symbol “GDO.”

Western Asset Global Corporate Defined Opportunity Fund Inc. is a newly organized, non-diversified, limited-term, closed-end management investment company managed by Legg Mason Partners Fund Advisor, LLC and subadvised by Western Asset Management Company.

The Davis Polk corporate team included partner Joseph A. Hall and associates John T. Rudy and Erik Niit (not yet admitted). Partner Mary Conway and associate Adam B. Perry provided tax advice. Counsel Susan Betteridge Baker provided Investment Company Act advice. Counsel Marcie A. Goldstein provided FINRA advice. Amarilys Katy Barbosa was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.