Legg Mason Affiliated Closed-End Funds Conference Call

Investment professionals from Western Asset Management Company, a Legg Mason, Inc. affiliate, participated in a quarterly update to discuss their views on the current market and provide their outlook for 2015. The call featured investment professionals for closed-end funds that are affiliated with Legg Mason, Inc. (“Legg Mason”) and are advised or sub-advised by Western Asset personnel, included the following speakers:

• Mark Lindbloom – Portfolio Manager, Market Overview
• Greg Handler – Research Analyst, Mortgage-Backed Securities
• Robert Amodeo – Portfolio Manager, Municipals
• CL Lian – Co-Head of Emerging Market Debt, Emerging Market Debt
• Mike Buchanan – Head of Global Credit, Credit Markets

Investors can access a replay of this call by phone or by visiting our website:

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, including: Western Asset Management Company and Western Asset Management Company Limited.

Legg Mason is one of the nation's top 10 providers of closed-end funds with over $14 billion in assets under management as of 9/30/14, per Lipper.

All data and commentary provided is for informational purposes only. Neither Legg Mason, Inc. nor any of its affiliates engage in the sale of shares of the funds.

For more information 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.

SYMBOLS:

NYSE: DMO; EHI; EMD; ESD; GDF; GDO; GFY; HIO; HIX; HYI; IGI; MHF; MHY; MMU; MNP; MTT; PAI; SBW; SCD; WEA;

NADAQ: XWAMX, XWMFX

NYSE Amex: SBI