|Bid||8.84 x 1800|
|Ask||10.38 x 1000|
|Day's Range||9.61 - 9.65|
|52 Week Range||8.54 - 9.79|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||45.73|
|Earnings Date||Feb 12, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||0.76 (7.87%)|
|1y Target Est||N/A|
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2019, January and February 2020.
Western Asset Corporate Loan Fund Inc. (NYSE: TLI) announced that, effective today, the Fund may invest up to 5% of its total assets in collateralized loan obligations (“CLOs”), both in debt and equity tranches. The Fund’s investment objective and investment strategy, investing under normal market conditions at least 80% of its total assets in collateralized senior loans, have not changed. Western Asset Management Company, LLC, the Fund’s investment sub-adviser, believes the opportunity to invest in CLO debt and equity tranches may provide compelling investment opportunities.
This press release is correcting and replacing the release that was issued on the morning of May 21, 2019. The fund names have been corrected for “TLI” and “HIX”.
Western Asset Corporate Loan Fund Inc. which is traded on the New York Stock Exchange under the symbol “TLI,” announced today the results of the votes cast at the Fund’s annual meeting of shareholders held on February 22, 2019. Carol L. Colman and Jane Trust were elected as Class I Directors of the Fund by shareholders of the Fund’s common stock to hold office until the annual meeting of shareholders in the year 2022 or thereafter when respective successors are duly elected and qualified or until they resign or are otherwise removed. Western Asset Corporate Loan Fund Inc. is a non-diversified closed-end management investment company that is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, LLC, an affiliate of the adviser.
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2019.
Western Asset Corporate Loan Fund Inc. today announced the financial position of the Fund as of December 31, 2018.