Franklin Templeton Fund Adviser, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of September, October and November 2024
06 8월 2024 - 9:00PM
Business Wire
Franklin Templeton Fund Adviser, LLC announced today that
certain closed end funds have declared distributions pursuant to
their managed distribution policy for the months of September,
October and November 2024.
The following dates apply to the distribution schedule
below:
Month
Record Date
Ex-Dividend Date
Payable Date
September
9/23/2024
9/23/2024
10/1/2024
October
10/24/2024
10/24/2024
11/1/2024
November
11/21/2024
11/21/2024
12/2/2024
Ticker
Fund Name
Month
Amount
Change from Previous
Distribution
BWG
BrandywineGLOBAL - Global Income
Opportunities Fund Inc. (a)
September
$0.08000
-
October
$0.08000
November
$0.08000
SCD
LMP Capital and Income Fund Inc.(a)
September
$0.11300
-
October
$0.11300
November
$0.11300
EMD
Western Asset Emerging Markets Debt Fund
Inc. (a)
September
$0.08450
-
October
$0.08450
November
$0.08450
(a) Please see table below for each Fund’s
estimated source of distributions.
Under the terms of each Fund’s managed distribution policy, each
Fund seeks to maintain a consistent distribution level derived from
the income and capital gains generated from the Fund’s investment
portfolio. To the extent that sufficient distributable income is
not available on a monthly basis, each Fund will distribute
long-term capital gains and/or return of capital in order to
maintain its managed distribution rate. A return of capital may
occur, for example, when some or all of the money that was invested
in the Fund is paid back to shareholders. A return of capital
distribution does not necessarily reflect the Fund’s investment
performance and should not be confused with “yield” or “income”.
Even though the Fund may realize current year capital gains, such
gains may be offset, in whole or in part, by the Fund’s capital
loss carryovers from prior years. The Board of Directors may
modify, terminate or suspend the managed distribution policy at any
time. Any such modification, termination or suspension could have
an adverse effect on the market price of the Fund’s shares.
Based on the Funds’ tax accounting records, which also factor in
currency fluctuations, each Fund’s estimated source of cumulative
fiscal year-to-date distributions is presented in the table
below:
Fund
Fiscal Year End
Income
Short-Term Capital
Gains
Long-Term Capital
Gains
Return of Capital
BWG
Oct 31
55.04%
-
-
44.96%
(a)
SCD
Nov 30
21.43%
8.52%
36.00%
34.05%
(b)
EMD
Dec 31
71.01%
-
-
28.99%
(b)
(a)
Sources of cumulative fiscal year-to-date
distributions are estimated through October 31, 2024. The sources
of distributions for the month of November 2024, are estimated to
be 82.61% from income and 17.39% from return of capital.
(b)
Sources of cumulative fiscal year-to-date
distributions are estimated through November 30, 2024.
The updated estimated components of the distributions announced
today will be provided to shareholders of record in a separate
notice when the distributions are paid.
Shareholders should not draw any conclusions about each Fund’s
investment performance from the amount of these distributions or
from the terms of each Fund’s managed distribution policy. The
amounts and sources of each Fund’s distributions to be reported
will be estimates and will not be provided for tax reporting
purposes. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon each Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. Each Fund will send a
Form 1099-DIV to shareholders for the calendar year that will
describe how to report the Fund’s distributions for federal income
tax purposes.
Franklin Templeton Fund Adviser, LLC (formerly known as Legg
Mason Partners Fund Advisor, LLC) is an indirect, wholly-owned
subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Funds, please call 1-888-777-0102
or consult the Funds’ website at
www.franklintempleton.com/investments/options/closed-end-funds.
Hard copies of the Funds’ complete audited financial statements are
available free of charge upon request.
Data and commentary provided in this press release are for
informational purposes only. Franklin Resources and its affiliates
do not engage in selling shares of the Funds.
The Funds’ common shares are traded on the New York Stock
Exchange. Similar to stocks, Fund share price will fluctuate with
market conditions and, at the time of sale, may be worth more or
less than the original investment. Shares of closed-end funds often
trade at a discount to their net asset value, and can increase an
investor’s risk of loss. All investments are subject to risk,
including the risk of loss.
INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY
LOSE VALUE
Category: Distribution Related
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240806029791/en/
Investor Contact: Fund Investor Services
1-888-777-0102
Western Asset Emerging M... (NYSE:EMD)
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부터 10월(10) 2024 으로 11월(11) 2024
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부터 11월(11) 2023 으로 11월(11) 2024
