NEW YORK--(BUSINESS WIRE)--Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2018, January and February 2019.
The following dates apply to the distribution schedule below:
| Month | Record Date | Ex-Dividend Date | Payable Date | |||||||||
| December | 12/21/2018 | 12/20/2018 | 12/31/2018 | |||||||||
| January | 01/18/2019 | 01/17/2019 | 02/01/2019 | |||||||||
| February | 02/15/2019 | 02/14/2019 | 03/01/2019 | |||||||||
| Ticker | Fund Name | Month | Amount | Type |
Change |
|||||||
| TLI | Western Asset Corporate Loan Fund Inc. | Dec | $0.05300 | Income | - | |||||||
| Jan | $0.05300 | Income | ||||||||||
| Feb | $0.05300 | Income | ||||||||||
| HIX | Western Asset High Income Fund II Inc. | Dec | $0.04550 | Income | - | |||||||
| Jan | $0.04550 | Income | ||||||||||
| Feb | $0.04550 | Income | ||||||||||
| HIO | Western Asset High Income Opportunity Fund Inc. | Dec | $0.02650 | Income | - | |||||||
| Jan | $0.02650 | Income | ||||||||||
| Feb | $0.02650 | Income | ||||||||||
| HYI | Western Asset High Yield Defined Opportunity Fund Inc. | Dec | $0.08850 | Income | - | |||||||
| Jan | $0.08850 | Income | ||||||||||
| Feb | $0.08850 | Income | ||||||||||
| EHI | Western Asset Global High Income Fund Inc. | Dec | $0.06100 | Income | - | |||||||
| Jan | $0.06100 | Income | ||||||||||
| Feb | $0.06100 | Income | ||||||||||
| GDO | Western Asset Global Corporate Defined Opportunity Fund Inc. | Dec | $0.10100 | Income | - | |||||||
| Jan | $0.10100 | Income | ||||||||||
| Feb | $0.10100 | 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 | $0.01620 | a | STCG | - | ||||||
| Dec | $0.06880 | a | LTCG | |||||||||
| Jan | $0.03760 | b | Income | |||||||||
| Jan | $0.04740 | b | STCG | |||||||||
| Feb | $0.08500 | Income | ||||||||||
| DMO | Western Asset Mortgage Defined Opportunity Fund Inc. | Dec | $0.17500 | c | Income | (0.0150) | ||||||
| Jan | $0.17500 | Income | ||||||||||
| Feb | $0.17500 | Income | ||||||||||
| SBI | Western Asset Intermediate Muni Fund Inc. | Dec | $0.02750 | c | Income | (0.0020) | ||||||
| Jan | $0.02750 | Income | ||||||||||
| Feb | $0.02750 | Income | ||||||||||
| MMU | Western Asset Managed Municipals Fund Inc. | Dec | $0.05800 | Income | - | |||||||
| Jan | $0.05800 | Income | ||||||||||
| Feb | $0.05800 | Income | ||||||||||
| MHF | Western Asset Municipal High Income Fund Inc. | Dec | $0.02550 | Income | - | |||||||
| Jan | $0.02550 | Income | ||||||||||
| Feb | $0.02550 | Income | ||||||||||
| MNP | Western Asset Municipal Partners Fund Inc. | Dec | $0.05750 | Income | - | |||||||
| Jan | $0.05750 | Income | ||||||||||
| Feb | $0.05750 | Income | ||||||||||
| MTT | Western Asset Municipal Defined Opportunity Trust Inc. | Dec | $0.07900 | Income | - | |||||||
| Jan | $0.07900 | Income | ||||||||||
| Feb | $0.07900 | Income |
| a | $0.01620 per share from STCG and $0.06880 per share from LTCG – Total Distribution - $0.08500 per share. | |
| b | $0.03760 per share from income and $0.04740 per share from STCG – Total Distribution - $0.08500 per share. | |
| c | The Fund has decreased its distributions to a level that better approximates the current level of net investment income generated by its investment portfolio. | |
| LTCG – Long-Term Capital Gain | ||
| STCG – Short-Term Capital Gain | ||
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 2019 and early 2020, 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.
Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, which may include Western Asset Management Company Limited in London, Western Asset Management Company Pte. Ltd. in Singapore and Western Asset Management Company Ltd in Japan (the “WAM Subsidiaries”). The WAM Subsidiaries, indirect wholly-owned subsidiaries of Legg Mason, Inc., are compensated by Western Asset Management Company, LLC (“Western Asset”) for any allocated assets and receive 100% of the subadvisory fee paid to Western Asset with respect to such assets. The identities of the specific WAM subsidiaries can be found in the Fund’s shareholder report.
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.