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Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of August 31, 2023

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Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) announced its financial position as of August 31, 2023. Total Assets: $172,143,709. Total Net Assets: $123,897,381. NAV Per Share of Common Stock: $8.80. Market Price Per Share: $7.46. Premium / (Discount): -15.23%. Outstanding Shares: 14,082,315. Total Net Investment Income: $1,020,776. Total Net Realized/Unrealized Gain/(Loss): -$1,492,962. Preferred Dividends Paid from Net Investment Income: -$420,834. Net Increase (Decrease) in Net Assets From Operations: -$893,020.
Positive
  • Total Assets decreased by 1.8% from the previous quarter. Total Net Assets decreased by 1.5% from the previous quarter. NAV Per Share of Common Stock decreased by 1.5% from the previous quarter. Market Price Per Share decreased by 2%. Premium / (Discount) increased by 0.45% from the previous quarter. Total Net Investment Income decreased by 2.2% from the previous quarter. Total Net Realized/Unrealized Gain/(Loss) decreased significantly from the previous quarter. Preferred Dividends Paid from Net Investment Income increased by 8.4% from the previous quarter. Net Increase (Decrease) in Net Assets From Operations decreased significantly from the previous quarter.
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of August 31, 2023.

Current Q Previous Q Prior Yr Q
August 31, 2023 May 31, 2023 August 31, 2022
Total Assets (a)

$

172,143,709

 

$

175,281,801

 

$

176,133,280

 

Total Net Assets (a)

$

123,897,381

 

$

125,783,205

 

$

127,643,801

 

NAV Per Share of Common Stock (b)

$

8.80

 

$

8.93

 

$

9.06

 

Market Price Per Share

$

7.46

 

$

7.61

 

$

7.93

 

Premium / (Discount)

 

(15.23

)%

 

(14.78

)%

 

(12.47

)%

Outstanding Shares

$

14,082,315

 

$

14,082,315

 

$

14,082,315

 

 
Total Net Investment Income (c)(d)

$

1,020,776

 

$

1,044,026

 

$

1,043,046

 

Total Net Realized/Unrealized Gain/(Loss)(c)

$

(1,492,962

)

$

916,102

 

$

(3,156,252

)

Preferred Dividends Paid from Net Investment Income (c)

$

(420,834

)

$

(386,537

)

$

(148,662

)

Net Increase (Decrease) in Net Assets From Operations (c)

$

(893,020

)

$

1,573,591

 

$

(2,261,868

)

 
Earnings per Common Share Outstanding
Total Net Investment Income (c)(d)

$

0.07

 

$

0.07

 

$

0.07

 

Total Net Realized/Unrealized Gain/(Loss)(c)

$

(0.11

)

$

0.07

 

$

(0.22

)

Preferred Dividends Paid from Net Investment Income (c)

$

(0.03

)

$

(0.03

)

$

(0.01

)

Net Increase (Decrease) in Net Assets From Operations (c)

$

(0.07

)

$

0.11

 

$

(0.16

)

 
Undistributed Net Investment Income (e)

$

(928,593

)

$

(535,731

)

$

189,324

 

Undistributed Net Investment Income
Per Share (e)

$

(0.07

)

$

(0.04

)

$

0.01

 

 
Auction Rate Preferred Stock (e)

$

-

 

$

-

 

$

600,000

 

Variable Rate Demand Preferred Stock (e)

$

47,400,000

 

$

47,400,000

 

$

47,400,000

 

Footnotes:

(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 variable rate demand preferred stock (“VRDPS”); total net assets do not include the liquidation value of ARPS and VRDPS.
(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 date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Intermediate Muni Fund Inc., a diversified closed-end investment management company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s 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 Fund.

Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What is the financial position of Western Asset Intermediate Muni Fund Inc. as of August 31, 2023?

The total assets of the fund are $172,143,709 and the total net assets are $123,897,381 as of August 31, 2023.

What is the NAV per share of common stock?

The NAV per share of common stock is $8.80.

What is the market price per share?

The market price per share is $7.46.

What is the premium/discount percentage?

The premium/discount percentage is -15.23%.

How many outstanding shares are there?

There are 14,082,315 outstanding shares.

What is the total net investment income?

The total net investment income is $1,020,776.

What is the total net realized/unrealized gain/loss?

The total net realized/unrealized gain/loss is -$1,492,962.

What are the preferred dividends paid from net investment income?

The preferred dividends paid from net investment income are -$420,834.

What is the net increase (decrease) in net assets from operations?

The net increase (decrease) in net assets from operations is -$893,020.

Western Asset Intermediate Muni Fund, Inc.

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