Western Asset Municipal Defined Opportunity Trust Inc. Announces Conference Call
19 May 2009 - 6:06AM
Business Wire
Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:
MTT), the most recent addition to the closed-end fund family
affiliated with Legg Mason, Inc., announced today a conference call
to update investors on the Fund�s performance and investment
activities since its successful initial public offering on March
27, 2009. The call will be held on May 19, 2009 at 4:15 p.m.
(Eastern time). Robert Amodeo, a municipal portfolio manager from
Western Asset Management, will discuss the Fund�s investment
portfolio and the municipal market outlook.
Investors can listen to this call by teleconference:
Dial-in information:
� Date: May 19, 2009 Time: 4:15 (Eastern Time) USA Toll Free
Number: 1-877-917-3611 Passcode: Legg Mason
A replay of the call will be made available and instructions on
how to access the replay will be provided at a future date by press
release.
Western Asset Municipal Defined Opportunity Trust�s primary
investment objective is to provide high current income exempt from
federal income tax and then to liquidate on or about April 30, 2021
and distribute all of the Fund�s net assets to holders of its
common shares. As a secondary objective, the Fund seeks total
return. There can be no assurance, however, that the Fund�s
investment objectives will be achieved.
The Fund primarily invests in investment grade, income-producing
municipal bonds, offering investors access to one of today�s most
compelling market sectors.
Following its successful initial offering in March 2009, Western
Asset Municipal Defined Opportunity Trust Inc. became the newest
addition to the closed-end fund family affiliated with Legg Mason,
Inc.
�We are pleased to have launched this Fund with a successful
offering in such troubled markets. The experience of the management
team combined with a disciplined investment process was a key
factor in attracting investors in the Fund,� said Matt Schiffman,
Head of Retail Americas for Legg Mason.
It expands the existing closed-end fund offerings that encompass
a range of taxable and tax-exempt investment objectives. Other
funds in the Legg Mason-affiliated closed-end fund family include
LMP Capital and Income Fund Inc. (NYSE: SCD), Western Asset
Emerging Markets Floating Rate Fund Inc. (NYSE: EFL), Western Asset
Global High Income Fund Inc. (NYSE: EHI), Western Asset Emerging
Markets Income Fund Inc. (NYSE: EMD), Western Asset Emerging
Markets Debt Fund Inc. (NYSE: ESD), Western Asset Global Partners
Income Fund Inc. (NYSE: GDF), Western Asset Variable Rate Strategic
Fund Inc. (NYSE: GFY), Western Asset High Income Fund Inc. (NYSE:
HIF), Western Asset High Income Opportunity Fund Inc. (NYSE: HIO),
Western Asset High Income Fund II Inc. (NYSE: HIX), Western Asset
Inflation Management Fund Inc. (NYSE: IMF), Western Asset Managed
High Income Fund Inc. (NYSE: MHY), Western Asset Income Fund (NYSE:
PAI), Western Asset Worldwide Income Fund Inc. (NYSE: SBW), and
Western Asset Premier Bond Fund (NYSE: WEA).
Tax-exempt funds include Western Asset Intermediate Muni Fund
Inc. (NYSE Amex: SBI), Western Asset Municipal High Income Fund
Inc. (NYSE: MHF), Western Asset Managed Municipals Fund Inc. (NYSE:
MMU), and Western Asset Municipal Partners Fund Inc. (NYSE:
MNP).
Investment advisory and sub-advisory services are provided by
Legg Mason Partners Fund Advisor, LLC and Western Asset Management
Company, subsidiaries of Legg Mason, Inc.
Legg Mason is the 6th largest closed-end fund manager in the
U.S., with $6.1 billion in assets under management as of March 31,
2009.
For more information please call 1-888-777-0102 or consult the
Funds� web site at www.leggmason.com/cef.
SYMBOLS:
NYSE: MTT; EFL; EHI; EMD; ESD; GDF; GFY; HIF; HIO; HIX; IMF;
MHF; MHY; MMU; MNP; PAI; SBW; SCD; WEA
NYSE Amex: SBI
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