LMP Corporate Loan Fund Inc. (NYSE:TLI), today announced the financial position of the Fund as of June 30, 2013.
|Current Q||Previous Q||Prior Yr Q|
|June 30, 2013||March 31, 2013||June 30, 2012|
|Total Assets (a)||$||215,809,342||$||216,593,245||$||204,190,150|
|Total Net Assets (a)||$||127,912,372||$||129,735,132||$||123,968,147|
|NAV Per Share of Common Stock (b)||$||12.87||$||13.06||$||12.50|
|Market Price Per Share||$||13.00||$||13.94||$||12.03|
|Premium / (Discount)||1.01||%||6.74||%||(3.76||)%|
|Total Net Investment Income (c)(d)||$||1,994,903||$||1,896,519||$||2,123,550|
|Total Net Realized/Unrealized Gain/(Loss) (c)||$||(1,689,732||)||$||1,941,065||$||(1,096,352||)|
|Preferred Dividends Paid from Net Investment Income (c)||$||(11,898||)||$||(12,073||)||$||(17,175||)|
|Net Increase (Decrease) in Net Assets From Operations (c)||$||293,273||$||3,825,511||$||1,010,023|
Earnings per Common Share Outstanding
|Total Net Investment Income (c)(d)||$||0.20||$||0.19||$||0.21|
|Total Net Realized/Unrealized Gain/(Loss) (c)||$||(0.17||)||$||0.20||$||(0.11||)|
|Preferred Dividends Paid from Net Investment Income (c)||$||(0.00||)||*||$||(0.00||)||*||$||(0.00||)||*|
|Net Increase (Decrease) in Net Assets From Operations (c)||$||0.03||$||0.39||$||0.10|
|Undistributed/(Overdistributed) Net Investment Income (e)||$||2,548,180||$||2,725,859||$||2,935,244|
|Undistributed/(Overdistributed) Net Investment Income|
|Per Share (e)||$||0.26||$||0.27||$||0.30|
|Loan Outstanding (e)||$||30,500,000||$||30,500,000||$||30,500,000|
|Preferred Shares Outstanding (e)||$||35,000,000||$||35,000,000||$||35,000,000|
|(a)||The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock (“ARPS”) and use of borrowings; total net assets do not include either borrowings or the liquidation value of ARPS.|
|(b)||NAVs are calculated as of the close of business on the last business day in the periods indicated above.|
|(c)||For the quarter indicated.|
|(d)||Excludes distributions paid to preferred stockholders from net investment income.|
|(e)||As of the period indicated above.|
|*||Amount represents less than $0.01 per share.|
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
LMP Corporate Loan Fund Inc., a non-diversified closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.
For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com.
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.
LMP Corporate Loan Fund Inc.
Maria Rosati, 212-805-6036
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