Western Asset Variable Rate Strategic Fund Inc. Announces Financial Position as of June 30, 2014
August 12 2014 - 8:00AM
Business Wire
Western Asset Variable Rate Strategic Fund Inc. (NYSE:GFY) today
announced the financial position of the Fund as of June 30,
2014.
Current Q Previous
Q Prior Yr Q June 30, 2014 March
31, 2014 June 30, 2013 Total Assets (a) $ 143,585,560 $
144,448,782 $ 125,206,040 Total Net Assets (a) $ 127,089,597 $
126,718,127 $ 124,970,099 NAV Per Share of Common Stock (b) $ 19.06
$ 19.00 $ 18.74 Market Price Per Share $ 17.47 $ 17.10 $ 17.23
Premium / (Discount) (8.34 )% (10.00 )% (8.06 )% Outstanding Shares
6,669,153 6,669,153 6,669,153 Total Net Investment Income
(c) $ 1,316,964 $ 1,279,299 $ 1,286,839 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 505,047 $ 673,937
$ (1,294,910 ) Net Increase (Decrease) in Net Assets From
Operations (c) $ 1,822,011 $ 1,953,236 $ (8,071 )
Earnings per Common
Share Outstanding
Total Net Investment Income (c) $ 0.20 $ 0.19 $ 0.19 Total Net
Realized/Unrealized Gain/(Loss) (c) $ 0.08 $ 0.10 $
(0.19 ) Net Increase (Decrease) in Net Assets From Operations (c) $
0.28 $ 0.29 $ -
Undistributed/(Overdistributed) Net Investment Income (d) $
2,084,844 $ 2,218,420 $ 2,681,493 Undistributed/(Overdistributed)
Net Investment Income Per Share (d) $ 0.31 $ 0.33 $ 0.40
Reverse Repurchase Agreements (d) $ 15,524,054 $ 16,428,554 $ -
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.
Media:Western Asset Variable Rate Strategic Fund Inc.Maria
Rosati, 212-805-6036mrosati@leggmason.com
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