Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of June, July and August 2016.
The following dates apply to the distribution schedule below:
| Month | Record Date | Ex-Dividend Date | Payable Date | |||
| June | 6/17/2016 | 6/15/2016 | 6/24/2016 | |||
| July | 7/22/2016 | 7/20/2016 | 7/29/2016 | |||
| August | 8/19/2016 | 8/17/2016 | 8/26/2016 | |||
| Ticker | Fund Name | Month | Amount | Type | Change | |||||||
TLI | Western Asset Corporate Loan Fund Inc. | Jun | $0.07250 | Income | - | |||||||
| Jul | $0.07250 | Income | ||||||||||
| Aug | $0.07250 | Income | ||||||||||
HIX | Western Asset High Income Fund II Inc. | Jun | $0.06150 | a | Income | $(0.0050) | ||||||
| Jul | $0.06150 | Income | ||||||||||
| Aug | $0.06150 | Income | ||||||||||
HIO | Western Asset High Income Opportunity Fund Inc. | Jun | $0.03550 | † | Income | - | ||||||
MHY | Western Asset Managed High Income Fund Inc. | Jun | $0.03450 | † | Income | - | ||||||
HYI | Western Asset High Yield Defined Opportunity Fund Inc. | Jun | $0.11000 | Income | - | |||||||
| Jul | $0.11000 | Income | ||||||||||
| Aug | $0.11000 | Income | ||||||||||
EHI | Western Asset Global High Income Fund Inc. | Jun | $0.09625 | †† | Income | - | ||||||
GDF | Western Asset Global Partners Income Fund Inc. | Jun | $0.07250 | †† | Income | - | ||||||
GDO | Western Asset Global Corporate Defined Opportunity Fund Inc. | Jun | $0.11350 | Income | - | |||||||
| Jul | $0.11350 | Income | ||||||||||
| Aug | $0.11350 | Income | ||||||||||
GFY | Western Asset Variable Rate Strategic Fund Inc. | Jun | $0.07750 | Income | - | |||||||
| Jul | $0.07750 | Income | ||||||||||
| Aug | $0.07750 | Income | ||||||||||
IGI | Western Asset Investment Grade Defined Opportunity Trust Inc. | Jun | $0.06560 | Income | - | |||||||
| Jun | $0.03440 | LTCG | ||||||||||
| Jul | $0.10000 | Income | ||||||||||
| Aug | $0.10000 | Income | ||||||||||
DMO | Western Asset Mortgage Defined Opportunity Fund Inc. | Jun | $0.23500 | Income | - | |||||||
| Jul | $0.23500 | Income | ||||||||||
| Aug | $0.23500 | Income | ||||||||||
SBI | Western Asset Intermediate Muni Fund Inc. | Jun | $0.04000 | Income | - | |||||||
| Jul | $0.04000 | Income | ||||||||||
| Aug | $0.04000 | Income | ||||||||||
MMU | Western Asset Managed Municipals Fund Inc. | Jun | $0.06500 | Income | - | |||||||
| Jul | $0.06500 | Income | ||||||||||
| Aug | $0.06500 | Income | ||||||||||
MHF | Western Asset Municipal High Income Fund Inc. | Jun | $0.02650 | a, b | Income | $(0.0015) | ||||||
| Jul | $0.02650 | Income | ||||||||||
| Aug | $0.02650 | Income | ||||||||||
MNP | Western Asset Municipal Partners Fund Inc. | Jun | $0.07250 | Income | - | |||||||
| Jul | $0.07250 | Income | ||||||||||
| Aug | $0.07250 | Income | ||||||||||
MTT | Western Asset Municipal Defined Opportunity Trust Inc. | Jun | $0.08400 | c | Income | - | ||||||
| Jul | $0.08400 | Income | ||||||||||
| Aug | $0.08400 | Income |
| Abbreviation: LTCG – Long-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 | Included in the June distribution is approximately $0.000048 of taxable ordinary income. | |
| c | Included in the June distribution is approximately $0.000146 of taxable ordinary income. | |
| † | On November 16, 2015, MHY and HIO announced approval by each Fund’s Board of Directors of a proposal to merge MHY with and into HIO, subject to approval by the stockholders of each Fund. MHY and HIO, each intend to announce distribution rates for each respective fund on a monthly basis until voting results of the merger proposal are determined. | |
| †† | On November 16, 2015, GDF and EHI announced approval by each Fund’s Board of Directors of a proposal to merge GDF with and into EHI, subject to approval by the stockholders of each Fund. GDF and EHI, each intend to announce distribution rates for each respective Fund on a monthly basis until voting results of the merger proposal are determined. | |
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/20160517005480/en/
Contacts:
Maria Rosati, 212-805-6036
mrosati@leggmason.com
