Western Asset High Yield Defined Opportunity Fund Inc., Western Asset Intermediate Muni Fund Inc., Western Asset Investment Grade Defined Opportunity Trust Inc., Western Asset Managed High Income Fund Inc., Western Asset Managed Municipals Fund Inc., and Western Asset Middle Market Debt Fund Inc. Appoint Robert D. Agdern as Member of the Board of Directors Nominating Committee and Audit Committee
December 23, 2014 at 08:00 am EST
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Western Asset High Yield Defined Opportunity Fund Inc., Western Asset Intermediate Muni Fund Inc., Western Asset Investment Grade Defined Opportunity Trust Inc., Western Asset Managed High Income Fund Inc., Western Asset Managed Municipals Fund Inc., and Western Asset Middle Market Debt Fund Inc. announced that, effective January 1, 2015, the Board of Directors of each Fund has appointed Robert D. Agdern as a member of the Board of Directors. In addition, Mr. Agdern has been appointed to each Fund's Nominating Committee and Audit Committee. Since 2002, Mr. Agdern has served a Member of the Advisory Committee of the Dispute Resolution Research Center at the Kellogg Graduate School of Business, Northwestern University.
Western Asset High Yield Defined Opportunity Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fundâs primary investment objective is to provide high income. The Fund seeks capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its net assets in a portfolio of high-yield corporate fixed-income securities with varying maturities. The Fund invests in various industrial sectors, which include communications, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, real estate and utilities. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fundâs investment manager.
Western Asset High Yield Defined Opportunity Fund Inc., Western Asset Intermediate Muni Fund Inc., Western Asset Investment Grade Defined Opportunity Trust Inc., Western Asset Managed High Income Fund Inc., Western Asset Managed Municipals Fund Inc., and Western Asset Middle Market Debt Fund Inc. Appoint Robert D. Agdern as Member of the Board of Directors Nominating Committee and Audit Committee