Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of February 29, 2024
Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) disclosed its financial status as of February 29, 2024, revealing total assets of $175,430,065 and total net assets of $127,241,370. The NAV per share of common stock stood at $9.04, with market price per share at $7.89. The fund reported a total net investment income of $1,301,630 and a net increase in net assets from operations of $3,887,678. Undistributed net investment income was noted at $805,173. Key financial metrics illustrate the fund's performance in the specified timeframe.
- None.
- None.
| Current Q | Previous Q | Prior Yr Q | ||||||||||
| February 29, 2024 | November 30, 2023 | February 28, 2023 | ||||||||||
| Total Assets (a) | $ |
175,430,065 |
|
$ |
181,068,382 |
|
$ |
173,604,564 |
|
|||
| Total Net Assets (a) | $ |
127,241,370 |
|
$ |
124,663,347 |
|
$ |
125,177,417 |
|
|||
| NAV Per Share of Common Stock (b) | $ |
9.04 |
|
$ |
8.85 |
|
$ |
8.89 |
|
|||
| Market Price Per Share | $ |
7.89 |
|
$ |
7.48 |
|
$ |
7.80 |
|
|||
| Premium / (Discount) |
|
(12.72 |
)% |
|
(15.48 |
)% |
|
(12.26 |
)% |
|||
| Outstanding Shares |
|
14,082,315 |
|
|
14,082,315 |
|
|
14,082,315 |
|
|||
| Total Net Investment Income (c)(d) | $ |
1,301,630 |
|
$ |
1,144,722 |
|
$ |
1,135,476 |
|
|||
| Total Net Realized/Unrealized Gain/(Loss)(c) | $ |
2,996,853 |
|
$ |
1,060,763 |
|
$ |
2,968 |
|
|||
| Preferred Dividends Paid from Net Investment Income (c) | $ |
(410,805 |
) |
$ |
(446,716 |
) |
$ |
(354,072 |
) |
|||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ |
3,887,678 |
|
$ |
1,758,769 |
|
$ |
784,372 |
|
|||
| Earnings per Common Share Outstanding | ||||||||||||
| Total Net Investment Income (c)(d) | $ |
0.09 |
|
$ |
0.08 |
|
$ |
0.08 |
|
|||
| Total Net Realized/Unrealized Gain/(Loss)(c) | $ |
0.21 |
|
$ |
0.08 |
|
|
0.00 |
|
† | ||
| Preferred Dividends Paid from Net Investment Income (c) | $ |
(0.03 |
) |
$ |
(0.03 |
) |
$ |
(0.03 |
) |
|||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ |
0.27 |
|
$ |
0.13 |
|
$ |
0.05 |
|
|||
| Undistributed Net Investment Income (e) | $ |
(805,173 |
) |
$ |
(386,343 |
) |
$ |
(200,417 |
) |
|||
| Undistributed Net Investment Income | ||||||||||||
| Per Share (e) | $ |
(0.06 |
) |
$ |
(0.03 |
) |
$ |
(0.01 |
) |
|||
| Auction Rate Preferred Stock (e) | $ |
- |
|
$ |
- |
|
$ |
500,000 |
|
|||
| 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.
† Amount represents less than
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 advised by Franklin Templeton Fund Advisor, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and is sub-advised by Western Asset Management Company (“Western Asset”). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20240429646688/en/
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 February 29, 2024?
What is the NAV per share of common stock for SBI on February 29, 2024?
How much was the total net investment income reported by SBI for the quarter ending February 29, 2024?
Who advises Western Asset Intermediate Muni Fund Inc.?
Where can shareholders find the Fund's complete audited financial statements?
Is the financial data disclosed in the press release audited?
