Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribu...
20 August 2018 - 10:30PM
Business Wire
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 September 9/21/2018 9/20/2018 10/01/2018 October
10/19/2018 10/18/2018 11/01/2018 November 11/23/2018 11/21/2018
12/03/2018
Ticker
Fund Name
Month
Amount
Change from Previous
Distribution
SCD
LMP Capital and Income Fund Inc.1
Sep $ 0.31000 a -
BWG
BrandywineGLOBAL - Global Income
Opportunities Fund Inc. 1
Sep $ 0.07650 - Oct $ 0.07650 Nov $
0.07650
EMD
Western Asset Emerging Markets Debt Fund
Inc. 1
Sep $ 0.10000 - Oct $ 0.10000
Nov $ 0.10000
1
Please see table below for each Fund’s
estimated source of distributions.
a
Quarterly paying distribution.
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 33.17 % - - 66.83 %
a BWG Oct 31 46.27 % - -
53.73 % b EMD Dec 31 87.92 % - -
12.08 % c
a
Sources of cumulative fiscal year-to-date
distributions are estimated through September 30, 2018.
b
Sources of cumulative fiscal year-to-date
distributions are estimated through October 31, 2018. Sources of
calendar fiscal year-to-date distributions are estimated to be
82.72% sourced from income and 17.28% from a return of capital for
the month ended November 30, 2018.
c
Sources of cumulative fiscal year-to-date
distributions are estimated through November 30, 2018.
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 2019,
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: https://www.businesswire.com/news/home/20180820005096/en/
Investor:Legg Mason Partners Fund Advisor,
LLCFund Investor Services, 1-888-777-0102
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