Franklin Templeton Fund Adviser, LLC Announces Distributions for the Months of June, July and August 2024
Franklin Templeton Fund Adviser, has announced the distribution schedules for its closed-end funds for June, July, and August 2024. The Western Asset Investment Grade Income Fund (PAI) will distribute $0.05150 per share for each month, with an increase of $0.00250 from the previous distribution in June. The Western Asset Premier Bond Fund (WEA) will distribute $0.07000 per share monthly, with no changes from previous distributions. The record and ex-dividend dates are June 21, July 24, and August 23, 2024, with payable dates on July 1, August 1, and September 3, 2024, respectively. This announcement is informational and not for tax reporting purposes. Detailed tax information will be provided in early 2025 via Form 1099-DIV.
- PAI distribution increased by $0.00250 in June 2024.
- Consistent monthly distributions for both PAI and WEA funds.
- Clear schedule for record, ex-dividend, and payable dates.
- Shares of closed-end funds, including PAI and WEA, often trade at a discount to their net asset value, increasing the risk of loss.
- All investments are subject to risk, including potential loss of value.
The following dates apply to the distribution schedule below:
Month |
Record Date |
Ex-Dividend Date |
Payable Date |
June |
6/21/2024 |
6/21/2024 |
7/1/2024 |
July |
7/24/2024 |
7/24/2024 |
8/1/2024 |
August |
8/23/2024 |
8/23/2024 |
9/3/2024 |
Ticker |
Fund Name |
Month |
Amount |
TYPE |
Change from Previous Distribution |
PAI |
Western Asset Investment Grade Income Fund Inc. |
June |
|
Income |
|
|
|
July |
|
Income |
|
|
|
August |
|
Income |
|
WEA |
Western Asset Premier Bond Fund |
June |
|
Income |
- |
|
|
July |
|
Income |
|
|
|
August |
|
Income |
|
This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Trustees. In early 2025, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).
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/20240522666121/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 PAI in June 2024?
When are the record and ex-dividend dates for PAI in July 2024?
What is the payable date for PAI's August 2024 distribution?
Has PAI's distribution amount changed from the previous month?
What is the monthly distribution amount for WEA in August 2024?
