Western Asset Variable Rate Strategic Fund Inc. Announces Financial Position as of December 31, 2012
February 12 2013 - 8:00AM
Business Wire
Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY)
today announced the financial position of the Fund as of December
31, 2012.
Current Q Previous Q Prior Yr
Q December 31, 2012 September 30, 2012
December 31, 2011 Total Assets (a) $ 131,118,014 $
132,588,834 $ 128,299,778 Total Net Assets (a) $ 124,521,315 $
122,940,120 $ 111,870,334 NAV Per Share of Common Stock (b) $ 18.69
$ 18.46 $ 16.80 Market Price Per Share $ 17.76 $ 18.45 $ 14.85
Premium / (Discount) (4.98 )% (0.05 )% (11.61 )% Outstanding Shares
6,663,959 6,661,327 6,658,748 Total Net Investment Income
(c) $ 1,320,549 $ 1,514,982 $ 1,442,218 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 1,662,064 $ 5,420,844
$ (194,204 ) Net Increase (Decrease) in Net Assets From
Operations (c) $ 2,982,613 $ 6,935,826 $ 1,248,014
Earnings per Common Share Outstanding
Total Net Investment Income (c) $ 0.20 $ 0.23 $ 0.22 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 0.25 $ 0.81 $
(0.03 ) Net Increase (Decrease) in Net Assets From Operations (c) $
0.45 $ 1.04 $ 0.19
Undistributed/(Overdistributed) Net Investment Income (d) $
2,987,368 $ 3,116,039 $ 2,374,502 Undistributed/(Overdistributed)
Net Investment Income Per Share (d) $ 0.45 $ 0.47 $ 0.36
Loan Outstanding (d) N/A N/A N/A Preferred Shares Outstanding (d)
N/A N/A N/A Reverse Repurchase Agreements (d) $ 6,263,054 $
6,263,054 $ 15,942,435
Footnotes:
(a) The difference between total assets and total net assets is
due primarily to the Fund’s use of borrowings; total net assets do
not include borrowings.
(b) NAVs are calculated as of the close of business on the last
business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission, as well as its
complete schedule of portfolio holdings for the first and third
quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website
at www.sec.gov. To obtain information
on Form N-Q or a semi-annual or annual report from the Fund,
shareholders can call 1-888-777-0102.
Western Asset Variable Rate Strategic Fund Inc., a
non-diversified closed-end investment management 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 and Western Asset Management Company Limited,
affiliates of the investment manager.
For more information, please call 1-888-777-0102 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.
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