Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribu...
20 February 2020 - 12:00AM
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
March
3/24/2020
3/23/2020
4/1/2020
April
4/23/2020
4/22/2020
5/1/2020
May
5/21/2020
5/20/2020
6/1/2020
Ticker
Fund Name
Month
Amount
Change from
Previous
Distribution
SCD
LMP Capital and Income Fund Inc. (a)
March
$0.31000
(b)
-
BWG
BrandywineGLOBAL - Global Income
Opportunities Fund Inc. (a)
March
$0.07000
-
April
$0.07000
May
$0.07000
EMD
Western Asset Emerging Markets
Debt Fund Inc. (a)
March
$0.10000
-
April
$0.10000
May
$0.10000
(a) Please see table below for each Fund’s estimated source of
distributions.
(b) 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
48.47%
-
-
51.53%
(a)
BWG
Oct 31
100.00%
-
-
-
(b)
EMD
Dec 31
100.00%
-
-
-
(b)
(a) Sources of cumulative fiscal year-to-date distributions are
estimated through March 31, 2020.
(b) Sources of cumulative fiscal year-to-date distributions are
estimated through May 31, 2020.
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 2021,
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 Funds’ 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/20200219005404/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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