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Closed End Funds Advised or Administered by Legg Mason Partners Fund Advisor, LLC Change Custodians

NEW YORK--(BUSINESS WIRE)--

The Funds announced today that each has entered into an agreement with The Bank of New York Mellon (“BNY”) to serve as Custodian, effective January 1, 2018. Pursuant to the current custody agreement between State Street Bank and Trust (“State Street”) and the Funds (the “Agreement”), State Street will continue to provide custody services to each Fund until the custody function is converted to BNY during 2018, although the Agreement will terminate effective December 31, 2017.

Each Fund is managed or administered by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and sub-advised by other affiliates of Legg Mason, Inc.

Contact each Fund at 1-888-777-0102 for additional information, or consult the Funds’ web site at www.lmcef.com. Hard copies of each 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 Funds.

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