Western Asset Global Partners Income Fund Inc. Announces Financial Position as of May 31, 2016

Loading...
Loading...
NEW YORK--(BUSINESS WIRE)--

Western Asset Global Partners Income Fund Inc. GDF today announced the financial position of the Fund as of May 31, 2016.

     
Current Q Previous Q Prior Yr Q
May 31, 2016 February 29, 2016 May 31, 2015
Total Assets (a) $ 201,778,276 $ 186,470,223 $ 231,880,448
Total Net Assets (a) $ 149,544,102 $ 138,191,582 $ 170,021,461
NAV Per Share of Common Stock (b) $ 9.59 $ 8.87 $ 10.91
Market Price Per Share $ 8.32 $ 7.52 $ 9.60
Premium / (Discount) (13.24 )% (15.22 )% (12.01 )%
Outstanding Shares 15,586,783 15,586,783 15,586,783
 
Total Net Investment Income (c) $ 3,373,756 $ 3,008,613 $ 3,279,508
Total Net Realized/Unrealized Gain/(Loss) (c) $ 11,368,889   $ (11,624,044 ) $ (4,186 )
Net Increase (Decrease) in Net Assets From Operations (c) $ 14,742,645   $ (8,615,431 ) $ 3,275,322  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.22 $ 0.19 $ 0.21
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.73   $ (0.74 ) $ (0.00 )
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.95   $ (0.55 ) $ 0.21  
 
Undistributed/(Overdistributed) Net Investment Income (d) $ 797,414 $ 813,783 $ (842,940 )

Undistributed/(Overdistributed) Net Investment Income Per Share (d)

$ 0.05 $ 0.05 $ (0.05 )
 
Loan Outstanding (d) $ 40,000,000 $ 40,000,000 $ 44,000,000
Reverse Repurchase Agreements (d) $ 7,310,156 $ 7,310,156 $ 14,250,102
 
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.
Amount represents less than $0.01 per share.
 

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 Global Partners Income 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, an affiliate 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.

Media:
Legg Mason, Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...