Legg Mason Affiliated Closed-End Funds Commentaries Now Available

Investment professionals from Western Asset Management Company, LLC (formerly known as Western Asset Management Company), a Legg Mason, Inc. ("Legg Mason") affiliate, provided a quarterly commentary to discuss their views on the current market and provide their outlook for the following fixed income categories: Municipal Securities, Mortgaged-Backed Securities, Middle Markets, Credit Markets, Emerging Markets, Broad Markets and Bank Loans.

Investors can access the commentaries by visiting our website www.lmcef.com.

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, including: Western Asset Management Company, LLC and Western Asset Management Company Limited.

Legg Mason is one of the nation's top 10 providers of closed-end funds with over $10 billion in assets under management as of 12/31/17, per Lipper.

All data and commentary provided is for informational purposes only. Neither Legg Mason, Inc. nor any of its affiliates engage in the sale of shares of the Funds.

For more information please call 1.888.777.0102 or consult the Funds' website at www.lmcef.com. Hard copies of the Funds' complete audited financial statements are available free of charge upon request.

SYMBOLS:
NASDAQ: XWMFX, XWAMX
NYSE: HIO; HIX; HYI; DMO; MHF; MMU; MTT; SBI; EMD; GDO; EHI; IGI; PAI; WEA; TLI; GFY

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