Western Asset Variable Rate Strategic Fund Inc. Announces Financial Position as of June 30, 2018
August 20 2018 - 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,
2018.
Current
Q Previous Q Prior Yr Q June 30, 2018
March 31, 2018 June 30, 2017 Total Assets (a)
$
111,424,020
$ 108,385,521 $ 113,375,293 Total Net Assets (a) $
84,981,493 $ 85,951,527 $ 84,707,944 NAV Per Share of Common Stock
(b) $ 18.20 $ 18.41 $ 18.14 Market Price Per Share $ 16.63 $ 16.88
$ 16.98 Premium / (Discount) (8.63 )% (8.31 )% (6.39 )% Outstanding
Shares 4,668,407 4,668,407 4,668,407 Total Net Investment
Income (c) $ 1,069,411 $ 1,032,871 $ 1,041,596 Total Net
Realized/Unrealized Gain/(Loss) (c) $ (954,040 ) $
383,924 $ 777,192 Net Increase (Decrease) in
Net Assets From Operations (c) $ 115,371 $
1,416,795 $ 1,818,788
Earnings per Common
Share Outstanding
Total Net Investment Income (c) $ 0.23 $ 0.22 $ 0.22 Total Net
Realized/Unrealized Gain/(Loss) (c) $ (0.20 ) $ 0.08
$ 0.17 Net Increase (Decrease) in Net Assets
From Operations (c) $ 0.03 $ 0.30 $
0.39 Undistributed/(Overdistributed) Net
Investment Income (d) $ (357,598 ) $ (341,604 ) $ (569,227 )
Undistributed/(Overdistributed) Net Investment Income Per Share (d)
$ (0.08 ) $ (0.07 ) $ (0.12 ) Reverse Repurchase Agreements
(d) $ 24,300,393 $ 21,708,856 $ 27,100,070 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 about the Fund, please call 1-888-777-0102
or consult the Fund’s web site at www.lmcef.com. Hard copies of the
Fund’s complete audited financial statements are available free of
charge upon request.
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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Western Asset Variable Rate Strategic Fund, Inc.Fund Investor
Services, 1-888-777-0102
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