Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their
Managed Distribution Policy
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 |
| March |
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03/22/2019 |
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03/21/2019 |
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04/01/2019 |
| April |
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04/18/2019 |
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04/17/2019 |
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05/01/2019 |
| May |
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05/24/2019 |
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05/23/2019 |
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06/03/2019 |
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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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Mar |
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$0.31000 |
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a |
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- |
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| BWG |
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BrandywineGLOBAL - Global Income Opportunities Fund Inc. 1 |
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Mar |
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$0.06150 |
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- |
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Apr |
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$0.06150 |
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May |
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$0.06150 |
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| EMD |
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Western Asset Emerging Markets Debt Fund Inc. 1 |
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Mar |
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$0.10000 |
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- |
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Apr |
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$0.10000 |
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May |
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$0.10000 |
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1 Please see table below for each Fund’s estimated source of distributions.
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a Quarterly paying distribution.
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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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34.27% |
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- |
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- |
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65.73% |
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a |
| BWG |
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Oct 31 |
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87.06% |
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- |
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- |
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12.94% |
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b |
| EMD |
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Dec 31 |
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95.44% |
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- |
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- |
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4.56% |
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b |
| a Sources of cumulative fiscal year-to-date distributions are estimated
through March 31, 2019. |
| b Sources of cumulative fiscal year-to-date distributions are estimated
through May 31, 2019. |
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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 2020, 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.
Investors: Fund Investor Services 1-888-777-0102
View source version on businesswire.com: https://www.businesswire.com/news/home/20190220005195/en/