CORRECTING & REPLACING Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to...
March 14 2016 - 2:39PM
Business Wire
For the release dated November 16, 2015, the March 2016 payable
date for LMP Real Estate Income Fund (“RIT”) should be 3/24/2016
(instead of 3/25/2016).
The corrected release reads:
LEGG MASON PARTNERS FUND ADVISOR, LLC
ANNOUNCES DISTRIBUTIONS FOR CERTAIN CLOSED END FUNDS PURSUANT TO
THEIR MANAGED DISTRIBUTION POLICY
Legg Mason Partners Fund Advisor, LLC announced today that
certain closed end funds have declared distributions pursuant to
their managed distribution policy.
The following dates apply to the distribution schedule
below:
Month Record Date Ex-Dividend
Date Payable Date December 12/18/2015
12/16/2015 12/24/2015 January 1/22/2016
1/20/2016 1/29/2016 February 2/19/2016
2/17/2016 2/26/2016
Ticker
Fund Name Month Amount
Change from Previous
Distribution
SCD
LMP Capital and Income Fund Inc.1
December
$0.31000
a,b
$0.0300
BWG Legg Mason BW Global Income Opportunities Fund
Inc. 1 December $0.13000 - January $0.13000
February $0.13000 ESD Western
Asset Emerging Markets Debt Fund Inc. 1 December $0.10500 - January
$0.10500 February $0.10500
EMD Western Asset Emerging Markets Income Fund
Inc. 1 December $0.21000 a -
SBW Western Asset Worldwide
Income Fund Inc. 1 December $0.07250 - January $0.07250
February $0.07250
aQuarterly paying distribution.
bThe Fund has increased its quarterly
distribution rate from $0.2800 to $0.3100.
The following dates apply to the distribution schedule
below:
Month Record Date Ex-Dividend
Date Payable Date January 1/22/2016
1/20/2016 1/29/2016 February 2/19/2016
2/17/2016 2/26/2016 March 3/18/2016 3/16/2016
3/24/2016
Ticker Fund Name
Month Amount
Change from Previous
Distribution
RIT LMP Real Estate Income Fund Inc. 1 January $0.06000 - February
$0.06000 March $0.06000
1 – Please see table below for each Fund’s
estimated source of distributions.
Under the terms of each Fund’s managed distribution policy, the
Fund seeks to maintain a consistent distribution level derived from
the income and capital gains generated from the Fund’s investment
portfolio. Shareholders should note that if the Fund’s aggregate
net investment income and net realized capital gains are less than
the amount of the distributions paid, the difference will be
distributed from the Fund's assets and may constitute a return of
the shareholder’s capital. The Board of Directors may modify,
terminate or suspend the managed distribution policy at any time.
Any such modification, termination or suspension could have an
adverse effect on the market price of the Fund’s shares.
The Fund’s distributions have been set based on the current
level of income generated from the Fund’s investment portfolio and
accumulated capital gains, if any. Based on the Fund's tax
accounting records, which also factors in currency fluctuations,
each Fund’s estimated source of cumulative fiscal year-to-date
distributions is presented in the table below:
Fund Fiscal Year End Income
Short-Term Capital Gains Long-Term Capital
Gains Return of Capital SCD
Nov 30 19.66% - - 80.34% c BWG
Oct 31 100.00% - - - d
ESD Dec 31 88.77% - - 11.23%
d EMD May 31 83.74% - -
16.26% c SBW Dec 31 85.77% - -
14.23% d RIT Dec 31 74.16% -
- 25.84% e
cSources of cumulative fiscal year-to-date
distributions are estimated through December 31, 2015.
dSources of cumulative fiscal year-to-date
distributions are estimated through February 29, 2016.
eSources of cumulative fiscal year-to-date
distributions are estimated through March 31, 2016.
The updated estimated components of the distributions announced
today will be provided to shareholders of record in a separate
notice when the distributions are paid.
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 2016
and 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 statements 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/20151116005231/en/
Legg Mason Partners Fund Advisor,Maria Rosati
212-805-6036mrosati@leggmason.com
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