LMP Corporate Loan Fund Inc. : ("TLI") Sets New Rate and Announces Distribution for the Month of December 2011
11/14/2011| 08:35am US/Eastern
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LMP Corporate Loan Fund Inc. (NYSE: TLI) today announced a monthly
distribution of $0.0620 per common share for December 2011. The Fund had
previously paid a monthly distribution of $0.0595.
The distribution schedule appears below:
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Month
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Ex-Date
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Record Date
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Payable Date
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Amount
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Type
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December
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12/14/2011
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12/16/2011
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12/23/2011
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$0.0620
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Income
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In declaring the new rate, the Fund has increased its distributions to a
level that better reflects the current level of net investment income
available from its investment portfolio.
This press release is not for tax reporting purposes but is being
provided to announce the amount of the Fund's distribution that has been
declared by the Board of Directors. In early 2012, after definitive
information is available, the Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by the
Fund during the respective 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).
LMP Corporate Loan Fund Inc., a non-diversified, closed-end management
investment company, is managed by Legg Mason Partners Fund Advisor, LLC,
a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by
Citigroup Alternative Investments LLC, an indirect wholly-owned
subsidiary of Citigroup Inc.
Contact the Fund at 1-888-777-0102 for additional information, or
consult the Fund's web site at www.leggmason.com/cef.
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.
Legg Mason & Co., LLC
Brenda Grandell, 212-857-8087
Director,
Closed-End Funds
© Business Wire 2011
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