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 | |||||||||||
| 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/
Contacts:
Maria Rosati, 212-805-6036
mrosati@leggmason.com
