Certain Closed-end Funds Advised by Franklin Templeton Fund Adviser, LLC Announce Retirement of Directors
20 Dezember 2024 - 2:00PM
Business Wire
BrandywineGLOBAL – Global Income
Opportunities Fund Inc. (“BWG”)
Clarion Partners Real Estate Income Fund
Inc. (“CPREIF”)
ClearBridge Energy Midstream Opportunity
Fund Inc. (“EMO”)
LMP Capital and Income Fund Inc.
(“SCD”)
Western Asset Diversified Income Fund
(“WDI”)
Western Asset Emerging Markets Debt Fund
Inc. (“EMD”)
Western Asset Global Corporate Opportunity
Fund Inc. (“GDO”)
Western Asset Global High Income Fund Inc.
(“EHI”)
Western Asset High Income Fund II Inc.
(“HIX”)
Western Asset High Income Opportunity Fund
Inc. (“HIO”)
Western Asset High Yield Defined Opportunity
Fund Inc. (“HYI”)
Western Asset Intermediate Muni Fund Inc.
(“SBI”)
Western Asset Investment Grade Opportunity
Trust Inc. (“IGI”)
Western Asset Managed Municipals Fund Inc.
(“MMU”)
Western Asset Mortgage Opportunity Fund Inc.
(“DMO”)
Western Asset Municipal High Income Fund
Inc. (“MHF”)
(collectively, the “Funds”)
The Board of each Fund announced the retirements of Daniel J.
Cronin and Paolo M. Cucchi as Directors, and the number of
Directors constituting the entire Board of the Funds will be
decreased from ten to eight, effective December 31, 2024.
The Board of each Fund also announced that Hillary A. Sale will
succeed Mr. Cronin as Chair of each Fund’s Nominating Committee and
Peter Mason will succeed Mr. Cucchi as Chair of each Fund’s
Compensation Committee effective January 1, 2025.
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 traded on the New York
Stock Exchange.
Certain Fund shares are traded on the New York Stock Exchange.
Similar to stocks, such Fund share prices 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
About Franklin Templeton
Franklin Resources, Inc. is a global investment management
organization with subsidiaries operating as Franklin Templeton and
serving clients in over 150 countries. Franklin Templeton’s mission
is to help clients achieve better outcomes through investment
management expertise, wealth management and technology solutions.
Through its specialist investment managers, the company offers
specialization on a global scale, bringing extensive capabilities
in fixed income, equity, alternatives and multi-asset solutions.
With more than 1,500 investment professionals, and offices in major
financial markets around the world, the California-based company
has over 75 years of investment experience and over $1.6 trillion
in assets under management as of October 31, 2024. For more
information, please visit franklintempleton.com and follow us on
LinkedIn, X and Facebook.
Category: Fund Announcement
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241220587139/en/
Media Contact: Lisa Tibbitts +1 (904) 942-4451
Lisa.Tibbitts@franklintempleton.com
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