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:
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Month
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Record Date
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Ex-Dividend Date
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Payable Date
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March
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03/20/2015
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03/18/2015
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03/27/2015
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April
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04/17/2015
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04/15/2015
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04/24/2015
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May
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05/22/2015
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05/20/2015
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05/29/2015
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Ticker
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Fund Name
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Month
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Amount
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Change
from
Previous
Distribution
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SCD
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LMP Capital and Income Fund Inc.1
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March
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$0.28000
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a
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-
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BWG
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Legg Mason BW Global Income Opportunities Fund Inc. 1
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March
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$0.13000
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-
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April
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$0.13000
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May
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$0.13000
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ESD
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Western Asset Emerging Markets Debt Fund Inc. 1
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March
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$0.11500
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-
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April
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$0.11500
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May
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$0.11500
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EMD
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Western Asset Emerging Markets Income Fund Inc. 1
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March
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$0.23000
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a
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-
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SBW
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Western Asset Worldwide Income Fund Inc. 1
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March
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$0.08000
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-
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April
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$0.08000
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May
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$0.08000
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a Quarterly paying distribution.
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The following dates apply to the distribution schedule below:
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Month
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Record Date
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Ex-Dividend Date
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Payable Date
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April
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04/17/2015
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04/15/2015
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04/24/2015
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May
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05/22/2015
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05/20/2015
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05/29/2015
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June
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06/19/2015
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06/17/2015
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06/26/2015
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Ticker
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Fund Name
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Month
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Amount
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Change
from
Previous
Distribution
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RIT
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LMP Real Estate Income Fund Inc. 1
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April
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$0.06000
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-
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May
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$0.06000
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June
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$0.06000
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1 – Please see table below for each Fund’s estimated
source of distributions.
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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:
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Fund
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Fiscal
Year
End
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Income
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Short-Term
Capital
Gains
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Long-Term
Capital
Gains
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Return
of
Capital
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SCD
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Nov 30
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50.37%
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-
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-
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49.63%
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b
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BWG
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Oct 31
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53.36%
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15.17%
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31.47%
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-
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c
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ESD
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Dec 31
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100.00%
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-
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-
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-
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c
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EMD
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May 31
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100.00%
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-
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-
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-
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b
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SBW
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Dec 31
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100.00%
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-
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-
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-
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c
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RIT
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Dec 31
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92.45%
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-
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-
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7.55%
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d
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b Sources of cumulative fiscal year-to-date distributions
are estimated through March 31, 2015.
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c Sources of cumulative fiscal year-to-date
distributions are estimated through May 31, 2015.
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d Sources of cumulative fiscal year-to-date distributions
are estimated through June 30, 2015.
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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, 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).
Contact the Funds at 1-888-777-0102 for additional information, or
consult the Funds’ web site at www.lmcef.com.
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.
Copyright Business Wire 2015