GFY Western Asset Variable Rate Strategic Fund Inc

Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY) announced today monthly distributions of $0.0725 per common share for December 2012, January and February 2013.

The distribution schedule appears below:

Month

 

Ex Date

 

Record Date

 

Payable Date

 

Amount

 

Type

December 12/12/2012 12/14/2012 12/21/2012 $ 0.0725 Income January 01/16/2013 01/18/2013 01/25/2013 $ 0.0725 Income February 02/13/2013 02/15/2013 02/22/2013 $ 0.0725 Income

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 and early 2014, 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.lmcef.com.

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.