Western Asset Premier Bond Fund (NYSE: WEA) announced today an adjournment of its annual meeting of shareholders.

The annual meeting of shareholders will reconvene at 8:30 am (Pacific Time) on May 31, 2011 at the offices of Western Asset Management Company, 385 E. Colorado Boulevard, 5th floor Board Room, Pasadena, CA, at which time it is hoped that a quorum of preferred shares will have been achieved.

Western Asset Premier Bond Fund is a closed-end management investment company that invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Company, a subsidiary of Legg Mason, Inc. Western Asset Management Company has managed the Fund since its inception in 2002.

Contact the Fund at 1-888-777-0102 for more information, or visit the Fund’s web site at www.leggmason.com/cef.

Data and commentary provided within this press release are for informational purposes only. Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

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