Legg Mason Partners Fund Advisor, LLC : Announces Distributions for the Months of September, October and November 2016
August 15, 2016 at 08:04 am
Share
Legg Mason Partners Fund Advisor, LLC announced today that certain
closed end funds have declared their distributions for the months of
September, October and November 2016.
The following dates apply to the distribution schedule below:
Month
Record Date
Ex-Dividend Date
Payable Date
September
9/23/2016
9/21/2016
9/30/2016 b
October
10/21/2016
10/19/2016
10/28/2016 c
November
11/18/2016
11/16/2016
11/25/2016
Ticker
Fund Name
Month
Amount
Type
Change from Previous Distribution
TLI
Western Asset Corporate Loan Fund Inc.
Sept
$0.07250
Income
-
Oct
$0.07250
Income
Nov
$0.07250
Income
HIX
Western Asset High Income Fund II Inc.
Sept
$0.05650
a
Income
$(0.0050)
Oct
$0.05650
Income
Nov
$0.05650
Income
HIO
Western Asset High Income Opportunity Fund Inc.
Sept
$0.03550
Income
b
-
Oct
$0.03550
Income
Nov
$0.03550
Income
HYI
Western Asset High Yield Defined Opportunity Fund Inc.
Sept
$0.11000
Income
-
Oct
$0.11000
Income
Nov
$0.11000
Income
EHI
Western Asset Global High Income Fund Inc.
Sept
$0.09625
Income
-
Oct
$0.09625
Income
Nov
$0.09625
Income
GDO
Western Asset Global Corporate Defined Opportunity Fund Inc.
Sept
$0.11350
Income
-
Oct
$0.11350
Income
Nov
$0.11350
Income
GFY
Western Asset Variable Rate Strategic Fund Inc.
Sept
$0.07750
Income
-
Oct
$0.07750
Income
Nov
$0.07750
Income
IGI
Western Asset Investment Grade Defined Opportunity Trust Inc.
Sept
$0.10000
Income
-
Oct
$0.10000
Income
Nov
$0.10000
Income
DMO
Western Asset Mortgage Defined Opportunity Fund Inc.
Sept
$0.23500
Income
-
Oct
$0.23500
Income
Oct
$0.18130
†
Income
Oct
$0.00550
†
STCG
Oct
$0.04820
†
LTCG
Nov
$0.23500
Income
SBI
Western Asset Intermediate Muni Fund Inc.
Sept
$0.04000
Income
-
Oct
$0.04000
Income
Nov
$0.04000
Income
MMU
Western Asset Managed Municipals Fund Inc.
Sept
$0.06500
Income
-
Oct
$0.06500
Income
Nov
$0.06500
Income
MHF
Western Asset Municipal High Income Fund Inc.
Sept
$0.02650
Income
-
Oct
$0.02650
Income
c
Nov
$0.02650
Income
MNP
Western Asset Municipal Partners Fund Inc.
Sept
$0.07250
Income
-
Oct
$0.07250
Income
Nov
$0.07250
Income
MTT
Western Asset Municipal Defined Opportunity Trust Inc.
Sept
$0.08400
Income
-
Oct
$0.08400
Income
Nov
$0.08400
Income
Abbreviations: LTCG – Long-Term Capital Gains; STCG – Short-Term
Capital Gains
a
The Fund has decreased its distributions to a level that better
approximates the current level of net investment income generated by
its investment portfolio.
b
The payable date for Western Asset High Income Opportunity Fund Inc.
(HIO) is October 3, 2016 for shareholders of record date, September
23, 2016.
c
The payable date for Western Asset Municipal High Income Fund Inc.
(MHF) is November 1, 2016 for shareholders of record date, October
21, 2016.
†
DMO also announced a special distribution of $0.1813 per share from
income, $0.0055 per share from STCG and $0.0482 from LTCG for
shareholders of record date, October 21, 2016 and payable on October
28, 2016. This is in addition to the regular October monthly
distribution.
This press release is not for tax reporting purposes but is being
provided to announce the amount of each Fund’s distributions that have
been declared by the Board of Directors. In early 2017, after definitive
information is available, each Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by each
Fund during the prior calendar year should be characterized for purposes
of reporting the distributions on a shareholder’s tax return (e.g.,
ordinary income, long-term capital gain or return of capital).
For more information about the Funds, please call 1-888-777-0102 or
consult the Fund’s web site at www.lmcef.com.
Hard copies of the Funds’ complete audited financial statement are
available free of charge upon request.
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 Funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160815005183/en/
Western Asset Managed Municipals Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek as high a level of current income exempt from federal income tax as is consistent with preservation of capital. When pursuing its investment objective, the Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. The Fund seeks to achieve its objective by investing primarily in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities. Under normal market conditions, the Fund will invest at least 80% of its total assets in municipal obligations rated investment grade at the time of investment. The Fund invests in a range of sectors, including health care, power, leasing, education, housing, and others. Legg Mason Partners Fund Advisor, LLC. is the investment manager of the Fund.