WIA Declares Monthly Dividends for September and October and Modified Dividend for November
September 01 2005 - 9:02AM
Business Wire
Western Asset/Claymore U.S. Treasury Inflation Protected Securities
Fund (NYSE:WIA) today declared its September and October monthly
dividends of $0.065625 per share, and November monthly dividend of
$0.052500 per share. This modified November dividend represents a
reduction of $0.013125 per share from the Fund's most recent
monthly dividend. Lower-than-expected inflation year-to-date
coupled with the increased costs of the Fund's leverage have
continued to put pressure on the Fund's dividend. Given the
current, as well as outlook for short-term interest rates and
inflation, we believe this new dividend rate more accurately
reflects the earnings rate of the Fund's underlying portfolio. The
September dividend will be paid on September 30, 2005, to
shareholders of record as of September 15, 2005 with an ex-dividend
date of September 13, 2005. The October dividend will be paid on
October 31, 2005, to shareholders of record as of October 14, 2005
with an ex-dividend date of October 12, 2005. The November dividend
will be paid on November 30, 2005, to shareholders of record as of
November 15, 2005 with an ex-dividend date of November 10, 2005.
Additionally, the portfolio composition, including asset class,
sector concentration, credit quality and top ten holdings, will be
updated on the Fund's dedicated website at www.westernclaymore.com.
Western Asset Management Company, a subsidiary of Legg Mason, Inc.,
is the Fund's Investment Adviser. Founded in 1971, with offices in
Pasadena, London and Singapore, Western Asset manages $229.1
billion in assets as of June 30, 2005. Claymore Securities, Inc. is
the Fund's Servicing Agent. Claymore is a privately-held financial
services company offering unique investment solutions for financial
advisors and their valued clients. Claymore entities have provided
supervision, management, servicing or distribution on approximately
$11.6 billion in assets through closed-end funds, unit investment
trusts, mutual funds and separately managed accounts. Additional
information on Claymore's closed-end funds is available at
www.claymore.com/products/CEFs.aspx. This information does not
represent an offer to sell securities of the Fund and it is not
soliciting an offer to buy securities of the Fund. There can be no
assurance that the Fund will achieve its investment objectives. The
net asset value of the Fund will fluctuate with the value of the
underlying securities. It is important to note that closed-end
funds trade on their market value, not net asset value, and
closed-end funds often trade at a discount to their net asset
value. Past performance is not indicative of future performance. An
investment in the Fund is subject to certain risks and other
considerations. Such risks and considerations include, but are not
limited to: Investment Risk, Market Discount Risk, Interest Rate
Risk, U.S. TIPS Risk, Credit Risk, Lower-Grade and Unrated
Securities Risk, Leverage Risk, Issuer Risk, Country Risk,
Prepayment Risk, Reinvestment Risk, Derivatives Risk,
Inflation/Deflation Risk, Mortgage-Related Securities Risk,
Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller
Company Risk, and Market Disruption and Geopolitical Risk.
Investors should consider the investment objectives and policies,
risk considerations, charges and expenses of the Fund carefully
before they invest. For this and more information, please contact a
securities representative or Claymore Securities, Inc., 2455
Corporate West Drive, Lisle, Illinois 60532, 800-345-7999. The
Fund's common shares do not represent a deposit or obligation of,
and are not guaranteed or endorsed by, any bank or other insured
depository institution, and are not federally insured by the
Federal Deposit Insurance Corporation, the Federal Reserve Board or
any other government agency.
Western Asset Inflation ... (NYSE:WIA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Western Asset Inflation ... (NYSE:WIA)
Historical Stock Chart
From Jul 2023 to Jul 2024