Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of February 29, 2016
Western Asset Intermediate Muni Fund Inc. (NYSE Amex: SBI) today announced the financial position of the Fund as of February 29,
2016.
|
|
Current Q |
|
|
|
Previous Q |
|
|
Prior Yr Q |
|
|
|
|
February 29, 2016
|
|
|
|
|
November 30, 2015 |
|
|
|
February 28, 2015
|
|
|
| Total Assets (a) |
|
$ |
199,379,492 |
|
|
|
$
|
|
197,253,460 |
|
|
|
$ |
205,162,334 |
|
|
| Total Net Assets (a) |
|
$ |
149,202,132 |
|
|
|
$
|
|
147,444,383 |
|
|
|
$ |
150,493,870 |
|
* |
| NAV Per Share of Common Stock (b) |
|
$ |
10.60 |
|
|
|
$
|
|
10.47 |
|
|
|
$ |
10.69 |
|
* |
| Market Price Per Share |
|
$ |
10.36 |
|
|
|
$
|
|
10.06 |
|
|
|
$ |
10.09 |
|
|
| Premium / (Discount) |
|
|
(2.26 |
)% |
|
|
|
|
(3.92 |
)% |
|
|
|
(5.61 |
)% |
|
| Outstanding Shares |
|
|
14,076,914 |
|
|
|
|
|
14,076,914 |
|
|
|
|
14,076,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Net Investment Income (c)(d) |
|
$ |
1,485,355 |
|
|
|
$
|
|
1,416,845 |
|
|
|
$ |
1,585,160 |
|
|
| Total Net Realized/Unrealized Gain/(Loss)(c) |
|
$ |
1,964,055 |
|
|
|
$
|
|
979,182 |
|
|
|
$ |
991,235 |
|
|
| Preferred Dividends Paid from Net Investment Income (c) |
|
$ |
(2,431 |
) |
|
|
$
|
|
(13,437 |
) |
|
|
$ |
(13,973 |
) |
|
| Net Increase (Decrease) in Net Assets From Operations (c) |
|
$ |
3,446,979 |
|
|
|
$
|
|
2,382,590 |
|
|
|
$ |
2,562,422 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per Common Share Outstanding |
|
|
|
|
|
|
|
|
|
|
| Total Net Investment Income (c)(d) |
|
$ |
0.11 |
|
|
|
$
|
|
0.10 |
|
|
|
$ |
0.11 |
|
|
| Total Net Realized/Unrealized Gain/(Loss)(c) |
|
$ |
0.14 |
|
|
|
$
|
|
0.07 |
|
|
|
$ |
0.07 |
|
|
| Preferred Dividends Paid from Net Investment Income (c) |
|
$ |
(0.00 |
) |
† |
|
$
|
|
(0.00 |
) |
† |
|
$ |
(0.00 |
) |
† |
| Net Increase (Decrease) in Net Assets From Operations (c) |
|
$ |
0.25 |
|
|
|
$
|
|
0.17 |
|
|
|
$ |
0.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Undistributed Net Investment Income (e) |
|
$ |
1,769,352 |
|
|
|
$
|
|
2,002,565 |
|
|
|
$ |
2,740,257 |
|
|
| Undistributed Net Investment Income |
|
|
|
|
|
|
|
|
|
|
| Per Share (e) |
|
$ |
0.13 |
|
|
|
$
|
|
0.14 |
|
|
|
$ |
0.19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Shares Outstanding (e) |
|
$ |
2,600,000 |
|
|
|
$
|
|
2,600,000 |
|
|
|
$ |
2,600,000 |
|
|
| Variable Rate Demand Preferred Stock (e) |
|
$ |
47,400,000 |
|
|
|
$
|
|
47,400,000 |
|
|
|
$ |
47,400,000 |
|
|
Footnotes:
|
(a)
|
|
The difference between the Fund’s total assets and total net assets is due primarily to its
outstanding auction rate preferred stock (“ARPS”) and variable rate demand preferred stock (“VRDPS”); total net assets do not
include the liquidation value of ARPS and VRDPS.
|
|
|
(b)
|
|
NAVs are calculated as of the close of business on the last business day in the periods indicated
above.
|
|
(c)
|
|
For the quarter indicated.
|
|
(d)
|
|
Excludes distributions paid to preferred stockholders from net investment income.
|
|
(e)
|
|
As of the date indicated above.
|
|
†
|
|
Amount represents less than $0.01 per share.
|
|
*
|
|
Includes the accretive impact of tendering 1,896 shares of ARPS at 90% of the liquidation preference
of $25,000 per share.
|
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as
its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the
Fund, shareholders can call 1-888-777-0102.
Western Asset Intermediate Muni Fund Inc., a diversified closed-end investment management company, is managed by Legg Mason
Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company,
an affiliate of the adviser.
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s 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 Fund.
for Western Asset Intermediate Muni Fund Inc.
Media:
Maria Rosati, (212) 805-6036
mrosati@leggmason.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160630005292/en/