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     101  0 Kommentare Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy for the Months of June, July and August 2023

    Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of June, July and August 2023.

    The following dates apply to the distribution schedule below:

    Month

     

    Record Date

     

    Ex-Dividend Date

     

    Payable Date

    June

     

    6/23/2023

     

    6/22/2023

     

    7/3/2023

    July

     

    7/24/2023

     

    7/21/2023

     

    8/1/2023

    August

     

    8/24/2023

     

    8/23/2023

     

    9/1/2023

    Ticker

     

    Fund Name

     

    Month

     

    Amount

     

    Change from

    Previous

    Distribution

    SCD

     

    LMP Capital and Income Fund Inc.a

     

    June

     

    $0.26000

    b

     

    -

             

    BWG

     

    BrandywineGLOBAL - Global Income Opportunities

     

    June

     

    $0.08000

     

    -

     

    Fund Inc. a

     

    July

     

    $0.08000

     

     

       

    August

     

    $0.08000

     

    EMD

     

    Western Asset Emerging Markets Debt Fund Inc. a

     

    June

     

    $0.07000

     

    -

       

    July

     

    $0.07000

     
       

    August

     

    $0.07000

     

    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, each 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 net 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.

    Each Fund’s distributions have been set based on the current level of income generated from the Fund’s investment portfolio and accumulated income and capital gains, if any. Based on the Funds’ tax accounting records, which also factor 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

     

    37.55%

     

    -

     

    -

     

    62.45%

    (a)

    BWG

     

    Oct 31

     

    75.93%

     

    -

     

    -

     

    24.07%

    (b)

    EMD

     

    Dec 31

     

    81.76%

     

    -

     

    -

     

    18.24%

    (b)

    1. Sources of cumulative fiscal year-to-date distributions are estimated through June 30, 2023.
    2. Sources of cumulative fiscal year-to-date distributions are estimated through August 31, 2023.

    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 2024, 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).

    Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

    For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. 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. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

    The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

    INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

    Category: Distribution Related

    Source: Franklin Resources, Inc.

    Source: Legg Mason Closed End Funds




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    Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy for the Months of June, July and August 2023 Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of June, July and August 2023. The following dates apply to the distribution …

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