LMP Corporate Loan Fund Inc. : as of December 31, 2011
02/02/2012| 08:40am US/Eastern
Recommend:
LMP Corporate Loan Fund Inc. (NYSE: TLI) announces its portfolio
composition as of December 31, 2011.
Investment Objective: The Fund's investment objective is to
maximize current income consistent with prudent efforts to preserve
capital.
Portfolio Composition*:
|
Asset Allocation
|
|
|
|
Collateralized Senior Loans
|
|
87.7%
|
|
Corporate Bonds
|
|
7.6%
|
|
Short-Term
|
|
4.7%
|
|
|
|
|
|
Credit Quality Allocation (Moody's)**
|
|
|
|
Baa3
|
|
0.6%
|
|
Ba1
|
|
3.9%
|
|
Ba2
|
|
12.6%
|
|
Ba3
|
|
29.1%
|
|
B1
|
|
26.9%
|
|
B2
|
|
12.1%
|
|
B3
|
|
6.0%
|
|
Caa1
|
|
5.5%
|
|
Caa2
|
|
2.2%
|
|
WR
|
|
1.1%
|
|
|
|
|
|
Top Ten Industries
|
|
|
|
Healthcare
|
|
15.8%
|
|
Electronics/Electric
|
|
10.1%
|
|
Broadcast Radio & Television
|
|
8.6%
|
|
Finance
|
|
7.9%
|
|
Diversified/Conglomerate Manufacturing
|
|
7.2%
|
|
Retailers (ex Food & Drug)
|
|
7.2%
|
|
Telecom/Cellular Comm
|
|
7.2%
|
|
Diversified/Conglomerate Service
|
|
6.5%
|
|
Building & Development
|
|
6.5%
|
|
Leisure
|
|
5.8%
|
|
|
|
|
|
Average to next reset
|
|
56 days
|
|
|
|
|
|
Portfolio Statistics:
|
|
|
|
|
|
|
|
Inception Date
|
|
November 20, 1998
|
|
Inception Price
|
|
$15.00
|
|
Total Assets***
|
|
$194,739,222
|
|
Net Assets
|
|
$120,182,081
|
|
Loans****
|
|
16.44%
|
|
Preferred Shares****
|
|
18.87%
|
|
Reverse Repos****
|
|
0.00%
|
|
|
|
|
|
Market Price
|
|
$11.10
|
|
NAV
|
|
$12.10
|
|
|
|
|
(Daily NAV is available on market quotation systems using the symbol
XTLIX.)
|
Distribution Rate
|
|
$0.0620 per share
|
|
Frequency
|
|
Monthly (Declared monthly, paid monthly)
|
|
|
|
|
* Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at any
time.
** Credit quality is a measure of a bond issuer's ability to repay
interest and principal in a timely manner. The credit ratings shown are
based on each portfolio security's rating as provided by Moody's
Investors Service and typically range from Aaa (highest) to C (lowest).
The credit quality of the investments in the Fund's portfolio does not
apply to the stability or safety of the Fund. These ratings are updated
monthly and may change over time. Please note, the Fund itself has
not been rated by an independent rating agency.
*** The difference between total assets and net assets, if any, is due
primarily to the Fund's use of borrowings; net assets do not include
borrowings. The Fund may employ leverage in the form of loans, preferred
stock, reverse repurchase agreements and/or other instruments. When the
Fund engages in transactions that have a leveraging effect on the Fund's
portfolio, the value of the Fund will be more volatile and all other
risks will tend to be compounded.
**** Percentages based on total assets.
LMP Corporate Loan Fund Inc., a non-diversified investment management
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 ("CAI"), an indirect wholly-owned
subsidiary of Citigroup Inc.
An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Fixed income
securities are subject to credit risk, inflation risk, call risk, and
interest rate risks.
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.
Contact the Fund at 1-888-777-0102 for additional information, or
consult the Fund's web site at www.leggmason.com/cef.
FN1112224
Legg Mason, Inc.
1-888-777-0102
© Business Wire 2012
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