Legg Mason BW Global Income Opportunities Fund Inc. (the “Fund”) (NYSE:BWG) announced today that it completed a private placement of $50 million of fixed-rate Mandatory Redeemable Preferred Stock on February 18, 2015. Net proceeds from the offering will be used to make new portfolio investments and for general corporate purposes.

The table below summarizes the key terms of the offering.

                                                     

Security

      

 

Aggregate

Amount

        

Shares

        

Rate

        

Liquidation
Preference

        

Maturity

Mandatory Redeemable Preferred Stock          
Series A         $40 million        

400

       

3.29%

        $100,000         2/18/20
Series B         $10 million         100         3.58%         $100,000         2/18/22
                                     

For more information, please contact the Fund at 1-888-777-0102 or visit the Fund’s website at: www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

The Fund is a non-diversified closed-end investment management company advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and sub-advised by Brandywine Global Investment Management, LLC (“Brandywine”).

The Fund seeks to provide investors with a global, flexible portfolio that uses a macro, value-oriented approach to invest across countries, currencies and credits. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund seeks capital appreciation. There can be no assurances the Fund will achieve its investment objectives.

LMPFA and Brandywine are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).

Legg Mason is a global asset management firm with approximately $709 billion in assets under management as of December 31, 2014. Legg Mason provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol:LM).

Legg Mason BW Global Income Opportunities Fund Inc. is not sold or distributed by Legg Mason or any Legg Mason affiliate. Shares of the fund are bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges.