Western Asset Variable Rate Strategic Fund Inc. (“GFY”) Sets New Rate & Announces Distributions for the Months of Decembe...
November 14 2011 - 8:30AM
Business Wire
Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY)
announced today monthly distributions of $0.0650 per common share
for December 2011, and January and February 2012. The Fund had
previously paid a monthly distribution of $0.0630 per share.
The distribution schedule appears below:
Month
Ex
Date
Record
Date
Payable
Date
Amount
Type
December 12/14/2011 12/16/2011 12/23/2011 $0.0650 Income January
01/18/2012 01/20/2012 01/27/2012 $0.0650 Income February 02/15/2012
02/17/2012 02/24/2012 $0.0650 Income
The Fund has increased its distributions to a level that better
approximates the current level of net investment income generated
by its investment portfolio.
This press release is not for tax reporting purposes but is
being provided to announce the amount of the Fund's distribution
that has been declared by the Board of Directors. In early 2012 and
early 2013, after definitive information is available, the Fund
will send shareholders a Form 1099-DIV, if applicable, specifying
how the distributions paid by the 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).
Western Asset Variable Rate Strategic Fund Inc., a
non-diversified, closed-end management investment company, is
managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned
subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset
Management Company, an affiliate of the investment manager.
Contact the Fund at 1-888-777-0102 for additional information,
or consult the Fund’s web site at www.leggmason.com/cef.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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