Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of November 2014

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the month November 2014.

The following dates apply to the distribution schedule below:

In declaring the new rates, the Funds cited increased distributions received from the Funds’ energy MLP portfolio holdings which are reflected in the Funds’ increased distribution rates.

The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes. This press release is not for tax reporting purposes. In early 2015, after definitive information is available, the Funds will send stockholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Funds during the prior calendar year should be characterized for purposes of reporting the distributions on a stockholder’s tax return (e.g., dividend income or return of capital).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.lmcef.com. Hard copies of the Funds’ complete audited financial statements 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.