Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2016, January and February 2017.
The following dates apply to the distribution schedule below:
| Month | Record Date | Ex-Dividend Date | Payable Date | ||||||
| December | 12/23/2016 | 12/21/2016 | 12/30/2016 | ||||||
| January | 1/20/2017 | 1/18/2017 | 1/27/2017 | ||||||
| February | 2/17/2017 | 2/15/2017 | 2/24/2017 | ||||||
| Ticker | Fund Name | Month | Amount | Type | Change from Previous Distribution | |||||||
| TLI | Western Asset Corporate Loan Fund Inc. | Dec | $0.07250 | Income | - | |||||||
| Jan | $0.07250 | Income | ||||||||||
| Feb | $0.07250 | Income | ||||||||||
| HIX | Western Asset High Income Fund II Inc. | Dec | $0.05400 | a | Income | $(0.0025) | ||||||
| Jan | $0.05400 | Income | ||||||||||
| Feb | $0.05400 | Income | ||||||||||
| HIO | Western Asset High Income Opportunity Fund Inc. | Dec | $0.03050 | a | Income | $(0.0050) | ||||||
| Jan | $0.03050 | Income | ||||||||||
| Feb | $0.03050 | Income | ||||||||||
| HYI | Western Asset High Yield Defined Opportunity Fund Inc. | Dec | $0.10250 | a | Income | $(0.0075) | ||||||
| Jan | $0.10250 | Income | ||||||||||
| Feb | $0.10250 | Income | ||||||||||
| EHI | Western Asset Global High Income Fund Inc. | Dec | $0.08000 | a | Income | $(0.01625) | ||||||
| Jan | $0.08000 | Income | ||||||||||
| Feb | $0.08000 | Income | ||||||||||
| GDO | Western Asset Global Corporate Defined Opportunity Fund Inc. | Dec | $0.11350 | Income | - | |||||||
| Jan | $0.11350 | Income | ||||||||||
| Feb | $0.11350 | Income | ||||||||||
| GFY | Western Asset Variable Rate Strategic Fund Inc. | Dec | $0.07750 | Income | - | |||||||
| Jan | $0.07750 | Income | ||||||||||
| Feb | $0.07750 | Income | ||||||||||
| IGI | Western Asset Investment Grade Defined Opportunity Trust Inc. | Dec | $0.05379 | a | Income | $(0.0100)b | ||||||
| Dec | $0.03621 | LTCG | ||||||||||
| Jan | $0.09000 | Income | ||||||||||
| Feb | $0.09000 | Income | ||||||||||
| DMO | Western Asset Mortgage Defined Opportunity Fund Inc. | Dec | $0.23500 | Income | - | |||||||
| Jan | $0.23500 | Income | ||||||||||
| Feb | $0.23500 | Income | ||||||||||
| SBI | Western Asset Intermediate Muni Fund Inc. | Dec | $0.03640 | a † | Income | $(0.0036) | ||||||
| Jan | $0.03640 | Income | ||||||||||
| Feb | $0.03640 | Income | ||||||||||
| MMU | Western Asset Managed Municipals Fund Inc. | Dec | $0.06300 | a † | Income | $(0.0020) | ||||||
| Jan | $0.06300 | Income | ||||||||||
| Feb | $0.06300 | Income | ||||||||||
| MHF | Western Asset Municipal High Income Fund Inc. | Dec | $0.02550 | a † | Income | $(0.0010) | ||||||
| Jan | $0.02550 | Income | ||||||||||
| Feb | $0.02550 | Income | ||||||||||
| MNP | Western Asset Municipal Partners Fund Inc. | Dec | $0.06750 | a † | Income | $(0.0050) | ||||||
| Jan | $0.06750 | Income | ||||||||||
| Feb | $0.06750 | Income | ||||||||||
| MTT | Western Asset Municipal Defined Opportunity Trust Inc. | Dec | $0.08400 | † | Income | - | ||||||
| Jan | $0.08400 | Income | ||||||||||
| Feb | $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 IGI –
reflects change from November 2016 distribution to December 2016 total
distribution of $0.0900 ($0.05379 per share from income and $0.03621 per
share from LTCG).
† Included in the December monthly distribution
is taxable ordinary income of $0.0008 per share for SBI, $0.0021 per
share for MMU, $0.001242 per share for MHF, $0.0030 per share for MNP
and $0.015378 per share for MTT.
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 and early 2018, 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/20161115005374/en/
Contacts:
Legg Mason
Maria Rosati, 212-805-6036
mrosati@leggmason.com
