NEW YORK–(BUSINESS WIRE)–Legg Mason Partners Fund Advisor, LLC appear today that assertive bankrupt end funds accept declared their distributions pursuant to their managed administration action for the ages of October 2018.
The afterward dates administer to the administration agenda below:
Pursuant to its managed administration policy, anniversary Fund intends to accomplish approved account distributions to shareholders at a anchored bulk per accepted share, which bulk may be adapted from time to time by the Fund’s Board of Trustees. Under anniversary Fund’s managed administration policy, if, for any account distribution, the bulk of the Fund’s net advance assets and net accomplished basic accretion is beneath than the bulk of the distribution, the aberration will be broadcast from the Fund’s net assets (and may aggregate a “return of capital”). The Board of Trustees may modify, aish or append the managed administration action at any time. Any such modification, abortion or abeyance could accept an adverse aftereffect on the bazaar bulk of the Fund’s shares.
The Fund’s distributions accept been set based on the accepted akin of assets generated from the Fund’s advance portfolio and accumulated basic gains, if any. Based on the Fund’s tax accounting records, which additionally factors in bill fluctuations, anniversary Fund’s estimated antecedent of accumulative budgetary year-to-date distributions is presented in the table below:
a Sources of accumulative budgetary year-to-date distributions are estimated through October 31, 2018.
The adapted estimated apparatus of the distributions appear today will be provided to shareholders of almanac in a abstracted apprehension back the distributions are paid.
This columnist absolution is not for tax advertisement purposes but is actuality provided to advertise the bulk of anniversary Fund’s distributions that accept been declared by the Board of Trustees. In aboriginal 2019, afterwards absolute advice is available, anniversary Fund will accelerate shareholders a Form 1099-DIV, if applicable, allegorical how the distributions paid by anniversary Fund during the above-mentioned agenda year should be characterized for purposes of advertisement the distributions on a shareholder’s tax acknowledgment (e.g., accustomed income, abiding basic accretion or acknowledgment of capital).
For added advice about the Funds, amuse alarm 1-888-777-0102 or argue the Funds’ web armpit at www.lmcef.com. Hard copies of the Funds’ complete audited banking statements are accessible chargeless of allegation aloft request.
Data and annotation provided in this columnist absolution are for advisory purposes only. Legg Mason and its affiliates do not appoint in affairs shares of the Funds.
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