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
Franklin Templeton Fund Adviser, has announced distributions for certain closed-end funds for September, October, and November 2024. The funds include BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD), and Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG will distribute $0.08000 per share each month.
The distributions are part of the funds' managed distribution policy, aiming to maintain consistent distribution levels from income, capital gains, and potentially return of capital. For BWG, the estimated source of distributions for the fiscal year-to-date is 55.04% from income and 44.96% from return of capital. Shareholders are advised not to draw conclusions about fund performance from these distributions.
Franklin Templeton Fund Adviser ha annunciato le distribuzioni per alcuni fondi chiusi per settembre, ottobre e novembre 2024. I fondi includono BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD) e Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG distribuira' $0.08000 per azione ogni mese.
Queste distribuzioni fanno parte della politica di distribuzione gestita dei fondi, con l'obiettivo di mantenere livelli di distribuzione coerenti derivanti da reddito, guadagni in conto capitale e potenzialmente il ritorno di capitale. Per BWG, la fonte stimata delle distribuzioni dall'inizio dell'anno fiscale è del 55,04% da reddito e del 44,96% da ritorno di capitale. Si consiglia agli azionisti di non trarre conclusioni sulle performance del fondo da queste distribuzioni.
Franklin Templeton Fund Adviser ha anunciado distribuciones para ciertos fondos cerrados para septiembre, octubre y noviembre de 2024. Los fondos incluyen BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD) y Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG distribuirá $0.08000 por acción cada mes.
Las distribuciones son parte de la política de distribución gestionada de los fondos, que tiene como objetivo mantener niveles de distribución consistentes a partir de ingresos, ganancias de capital y potencialmente retorno de capital. Para BWG, la fuente estimada de distribuciones hasta la fecha fiscal es del 55.04% de ingresos y del 44.96% de retorno de capital. Se aconseja a los accionistas no sacar conclusiones sobre el rendimiento del fondo a partir de estas distribuciones.
프랭클린 템플턴 펀드 어드바이저가 2024년 9월, 10월 및 11월에 특정 폐쇄형 펀드의 배당금을 발표했습니다. 펀드에는 브랜디와인글로벌 - 글로벌 인컴 오퍼튜니티 펀드 Inc. (BWG), LMP 캐피탈 및 인컴 펀드 Inc. (SCD), 웨스턴 자산 신흥시장 부채 펀드 Inc. (EMD)가 포함됩니다. BWG는 매달 $0.08000 주당 배당금을 지급할 예정입니다.
이 배당금은 펀드의 관리 배포 정책의 일환으로, 수익, 자본 이득 및 잠재적으로 자본 반환에서 일관된 배포 수준을 유지하는 것을 목표로 하고 있습니다. BWG의 경우, 회계 연도 시작부터의 배당금 추정 출처는 55.04%가 수익에서, 44.96%가 자본 반환에서 발생했습니다. 주주들은 이러한 배당금으로 펀드 성과에 대한 결론을 내리지 말 것을 권장합니다.
Franklin Templeton Fund Adviser a annoncé des distributions pour certains fonds fermés pour septembre, octobre et novembre 2024. Les fonds comprennent BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD), et Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG distribuera $0.08000 par action chaque mois.
Les distributions font partie de la politique de distribution gérée des fonds, visant à maintenir des niveaux de distribution cohérents provenant des revenus, des gains en capital et potentiellement du retour de capital. Pour BWG, la source estimée des distributions depuis le début de l'exercice est de 55,04% provenant des revenus et de 44,96% du retour de capital. Il est conseillé aux actionnaires de ne pas tirer de conclusions sur la performance des fonds à partir de ces distributions.
Franklin Templeton Fund Adviser hat die Ausschüttungen für bestimmte geschlossene Fonds für September, Oktober und November 2024 bekannt gegeben. Zu den Fonds gehören BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG), LMP Capital and Income Fund Inc. (SCD) und Western Asset Emerging Markets Debt Fund Inc. (EMD). BWG wird jeden Monat $0.08000 pro Aktie ausschütten.
Die Ausschüttungen sind Teil der verwalteten Ausschüttungspolitik der Fonds, die darauf abzielt, konsistente Ausschüttungsniveaus aus Einnahmen, Kapitalgewinnen und potenziell Rückzahlung von Kapital aufrechtzuerhalten. Für BWG kommt die geschätzte Quelle der Ausschüttungen bis heute im Geschäftsjahr zu 55,04% aus Einnahmen und zu 44,96% aus Rückzahlung von Kapital. Den Aktionären wird geraten, aus diesen Ausschüttungen keine Schlussfolgerungen über die Fondsperformance zu ziehen.
- None.
- None.
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 |
|
- |
|
|
October |
|
|
||
|
November |
|
|
||
SCD |
LMP Capital and Income Fund Inc.(a) |
September |
|
- |
|
October |
|
|
|||
November |
|
|
|||
EMD |
Western Asset Emerging Markets Debt Fund Inc. (a) |
September |
|
- |
|
October |
|
|
|||
November |
|
|
|||
(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 |
|
|
|
- |
|
- |
|
|
(a) |
SCD |
Nov 30 |
|
|
|
|
|
|
|
|
(b) |
EMD |
Dec 31 |
|
|
|
- |
|
- |
|
|
(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 |
|
(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
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
What is the distribution amount for BWG in September, October, and November 2024?
When are the record dates for BWG's distributions in fall 2024?
What is the estimated source of distributions for BWG's fiscal year-to-date?
Has there been any change in BWG's distribution amount compared to previous distributions?
What is the purpose of BWG's managed distribution policy?
