WEA Western Asset Premier Bond Fund

Western Asset Premier Bond Fund, which is listed on the New York Stock Exchange under the symbol “WEA”, today announced the financial position of the Fund as of September 30, 2015.

    Current Q     Previous Q     Prior Yr Q September 30, 2015 June 30, 2015 September 30, 2014 Total Assets $ 224,669,118 (a) $ 230,145,423 (a) $ 238,617,195 (a) Total Net Assets $ 161,040,371 (a) $ 170,624,179 (a) $ 180,207,922 (a) NAV Per Share of Common Stock (b) $ 13.53 $ 14.34 $ 15.15 Market Price Per Share $ 12.45 $ 13.40 $ 14.32 Premium / (Discount)

(7.98)%

 

(6.56)%

 

(5.48)%

 

Outstanding Shares 11,899,563 11,899,563 11,897,629   Total Net Investment Income (c)(d) $ 1,933,036 $ 2,940,882 $ 3,051,315 Total Net Realized/Unrealized Gain/(Loss) (c) $ (8,303,962 ) $ (5,240,791 ) $ (2,704,888 ) Preferred Dividends Paid from Net Investment Income (c) $ -   $ -   $ (1,555 ) Net Increase (Decrease) in Net Assets From Operations (c) $ (6,370,926 ) $ (2,299,909 ) $ 344,872    

Earnings per Common Share Outstanding

Total Net Investment Income (c)(d) $ 0.16 $ 0.25 $ 0.26 Total Net Realized/Unrealized Gain/(Loss) (c) $ (0.70 ) $ (0.44 ) $ (0.23 ) Preferred Dividends Paid from Net Investment Income (c) $ -   $ -   $ (0.00 ) * Net Increase (Decrease) in Net Assets From Operations (c) $ (0.54 ) $ (0.19 ) $ 0.03     Undistributed/(Overdistributed) Net Investment Income (e) $ 4,661,731 $ 5,941,577 $ 6,754,951 Undistributed/(Overdistributed) Net Investment Income Per Share (e) $ 0.39 $ 0.50 $ 0.57   Loan Outstanding (e) $ 58,000,000 $ 58,000,000 $ 53,000,000 Footnotes: (a)   The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings, which are included in total assets; total net assets do not include borrowings. (b) NAVs are calculated as of the close of business on the last business day in the periods indicated above. (c) For the quarter indicated. (d) Excludes distributions paid to preferred stockholders from net investment income. (e) As of the period indicated above. * Amount represents less than $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Premier Bond Fund is a closed-end 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. (“Legg Mason”). Western Asset Management Company has managed the Fund since its inception in 2002.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the 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 Fund.

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Media:Western Asset Premier Bond FundMaria Rosati, 212-805-6036mrosati@leggmason.com