Western Asset Municipal Partners Fund Inc. Announces Completion of Merger and Share Conversion Price
23 7์ 2007 - 9:00PM
Business Wire
Western Asset Municipal Partners Fund Inc., which is listed on the
New York Stock Exchange under the symbol ๏ฟฝMNP,๏ฟฝ announced today the
completion of the merger of Western Asset Municipal Partners Fund
II Inc. with and into Western Asset Municipal Partners Fund Inc.
Effective with the opening of business on July 23, 2007,
shareholders of Western Asset Municipal Partners Fund II Inc.
(which previously traded on the New York Stock Exchange under the
symbol ๏ฟฝMPT๏ฟฝ) became shareholders of Western Asset Municipal
Partners Fund Inc. Each share of common stock of MPT converted into
an equivalent dollar amount (to the nearest one tenth of one cent)
of full shares of common stock of MNP, based on the net asset value
per share of each Fund calculated at 4:00 p.m. on Friday, July 20,
2007. MNP reported a net asset value per share of $14.47 and MPT
reported a net asset value per share of $14.08 as of 4:00 p.m. on
Friday, July 20, 2007. The conversion ratio was calculated at
0.973323 common shares of MNP for each common share of MPT. MNP did
not issue any fractional shares to MPT shareholders. In lieu
thereof, MNP purchased all fractional MNP shares at the current net
asset value of the shares and remitted the cash proceeds to former
MPT shareholders in proportion to their fractional shares. Each
outstanding share of Western Asset Municipal Partners Fund II Inc.
preferred stock converted into one full share of Western Asset
Municipal Partners Fund Inc. preferred stock. Post merger, Western
Asset Municipal Partners Fund Inc. has 1,700 shares of Auction Rate
Preferred Stock, Series M, outstanding. As of July 20, 2007, the
post-merger net assets of Western Asset Municipal Partners Fund
Inc. totaled $155,781,297 and its net asset value per common share
was $14.47 based on approximately 10,769,156 shares outstanding.
Western Asset Municipal Partners Fund Inc. is a closed-end,
diversified management investment company. Legg Mason Partners Fund
Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., serves
as the Fund๏ฟฝs investment manager and Western Asset Management
Company, an affiliate of the investment manager, serves as the
Fund๏ฟฝs sub-adviser. For additional information, please visit the
Fund๏ฟฝs web site at www.LeggMason.com, or call the Investor
Relations Group at 1-888-777-0102.
Western Asset Munici (NYSE:MPT)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 9์(9) 2024 ์ผ๋ก 10์(10) 2024
Western Asset Munici (NYSE:MPT)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 10์(10) 2023 ์ผ๋ก 10์(10) 2024
Western Asset Munici (๋ด์ ์ฆ๊ถ๊ฑฐ๋์)์ ์ค์๊ฐ ๋ด์ค: ์ต๊ทผ ๊ธฐ์ฌ 0
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