Western Asset Variable Rate Strategic Fund Inc. (“GFY”) Sets New Rate & Announces Distributions for the Months of June, J...
May 14 2012 - 8:00AM
Business Wire
Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY)
announced today monthly distributions of $0.0700 per common share
for June, July and August 2012. The Fund had previously paid a
monthly distribution of $0.0670 per share.
The distribution schedule appears below:
Month Ex
Date Record
Date Payable
Date Amount
Type June 06/20/2012
06/22/2012 06/29/2012 $ 0.0700 Income July 07/18/2012 07/20/2012
07/27/2012 $ 0.0700 Income August 08/22/2012 08/24/2012 08/31/2012
$ 0.0700 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 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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