Western Asset Closed-End Municipal Bond Funds' Earnings Data Now Available

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Western Asset Closed-End Municipal Bond Funds' Earnings Data Now Available

NEW YORK--(BUSINESS WIRE)-- The Western Asset closed-end municipal bond funds (the Funds) made additional data available today through its website, www.lmcef.com. The data includes:

  • 3-Month Average Earnings per share. Represents the average monthly net investment income per share over the past three months.
  • 3-Month Average UNII per share. Represents an estimate of the average undistributed net investment Income balance over the past three months.
  • Leverage through ARPS. As a percentage of managed assets (net assets plus the liquidation value of the Auction Rate Preferred Securities ("ARPS") as of the date indicated above.

The data is provided for the following funds: Western Asset Intermediate Muni Fund Inc. (SBI), Western Asset Managed Municipals Fund Inc. (MMU), Western Asset Municipal Defined Opportunity Trust Inc. (MTT), Western Asset Municipal High Income Fund Inc. (MHF), and Western Asset Municipal Partners Fund Inc. (MNP).

All data as of 12/31/12

 

 

     3-Month Average   
Ticker  Fund Name  

Current

Month

Distribution

 

Earnings per

Share

 

UNII

per Share

  

 

3-Month Average

Earnings/Current


Distribution Ratio

 

Leverage

Through ARPS

SBIWestern Asset Intermediate Muni Fund Inc.$0.0400$ 0.0413 $ 0.2527103.3%25.3%
MMUWestern Asset Managed Municipals Fund Inc.$0.0650$ 0.0661$ 0.4147101.7%29.0%
MTTWestern Asset Municipal Defined Opportunity Trust Inc.$0.0840$ 0.0860$ 0.0787102.4%N/A
MHFWestern Asset Municipal High Income Fund Inc.$0.0330$ 0.0326$ (0.0010)98.8%N/A
MNP  Western Asset Municipal Partners Fund Inc.  $0.0700 $ 0.0750 $ 0.4902  107.1% 34.3%
 

Distributions may be paid from investment income, realized capital gains, return of capital or a combination thereof. The distribution amount is subject to change and is not a quotation of Fund performance. For more information about a distribution's composition refer to the Fund's distribution press release or, if applicable, the Section 19 notice located in the press release section of our website, www.lmcef.com. For more information, including current performance to most current month end, please visit www.lmcef.com or call 1-888-777-0102.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2013 and early 2014, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the 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).

The Funds are advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and are sub-advised by Western Asset Management Company, an affiliate of the advisor.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with $12.6 billion in closed-end assets under management as of December 31, 2012.

All data and commentary provided in this press release are for informational purposes only. All investments involve risk, including possible loss of principal. Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

For more information, please call 1-888-777-0102 or consult the Funds' website at www.lmcef.com.

SYMBOLS:
NYSE: SBI, MMU, MTT, MHF, MNP

TN13-034



Media:
Western Asset Closed-End Municipal Bond Funds
Maria Rosati, 212-805-6036
mrosati@leggmason.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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