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
|
|
3/25/2016
|
|
|
|
|
|
|
|
|
|
|
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/
Copyright Business Wire 2015