BWG BrandywineGlobal Global Income Opportunities Fund Inc

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20230515005381/en/

Investor Contact: Fund Investor Services 1-888-777-0102