GFY Western Asset Variable Rate Strategic Fund Inc

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of December 2014, January and February 2015.

The following dates apply to the distribution schedule below:

                    Month     Record Date     Ex-Dividend Date     Payable Date December     12/19/2014     12/17/2014     12/26/2014 January     01/23/2015     01/21/2015     01/30/2015 February     02/20/2015     02/18/2015     02/27/2015*                               Ticker     Fund Name     Month     Amount     Type    

Change fromPreviousDistribution

TLI LMP Corporate Loan Fund Inc. Dec $0.07250 Income - Jan $0.07250 Income             Feb     $0.07250     Income       HIX Western Asset High Income Fund II Inc. Dec $0.06900 Income - Jan $0.06900 Income             Feb     $0.06900     Income       HIO Western Asset High Income Opportunity Fund Inc. Dec $0.03550 Income - Jan $0.03550 Income             Feb     $0.03550     Income       MHY Western Asset Managed High Income Fund Inc. Dec $0.03450 Income - Jan $0.03450 Income             Feb     $0.03450 * Income       HYI Western Asset High Yield Defined Opportunity Fund Inc. Dec $0.11000 Income - Jan $0.11000 Income             Feb     $0.11000     Income       EHI Western Asset Global High Income Fund Inc. Dec $0.09625 Income - Jan $0.09625 Income             Feb     $0.09625     Income       GDF Western Asset Global Partners Income Fund Inc. Dec $0.07250 Income - Jan $0.07250 Income             Feb     $0.07250     Income       GDO Western Asset Global Corporate Defined Opportunity Fund Inc. Dec $0.11350 Income - Jan $0.11350 Income             Feb     $0.11350     Income       GFY Western Asset Variable Rate Strategic Fund Inc. Dec $0.07250 Income - Jan $0.07250 Income             Feb     $0.07250     Income       IGI Western Asset Investment Grade Defined Opportunity Fund Inc. Dec $0.10000 Income - Jan $0.10000 Income             Feb     $0.10000     Income       DMO Western Asset Mortgage Defined Opportunity Fund Inc. Dec $0.16000 Income - Jan $0.16000 Income             Feb     $0.16000     Income       SBI Western Asset Intermediate Muni Fund Inc. Dec $0.04000 Income - Jan $0.04000 Income             Feb     $0.04000     Income       MMU Western Asset Managed Municipals Fund Inc. Dec $0.06500 Income - Jan $0.06500 Income             Feb     $0.06500     Income       MHF Western Asset Municipal High Income Fund Inc. Dec $0.02900 Income - Jan $0.02900 Income             Feb     $0.02900     Income       MNP Western Asset Municipal Partners Fund Inc. Dec $0.07250 † Income - Jan $0.07250 Income             Feb     $0.07250     Income       MTT Western Asset Municipal Defined Opportunity Trust Inc. Dec $0.08400 Income - Jan $0.08400 Income             Feb     $0.08400     Income      

* The payable date for Western Asset Managed High Income Fund Inc. (MHY) is March 2, 2015 for shareholders of record date, February 20, 2015.† Included in the December distribution is approximately $0.000169 of taxable ordinary income.

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund’s distributions that have been declared by the Board of Directors. In early 2015 and early 2016, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each 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).

Contact the Funds at 1-888-777-0102 for additional information, or consult the Funds’ 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 Funds.

Media:For Legg Mason Partners Fund Advisor, LLCMaria Rosati, 212-805-6036mrosati@leggmason.com