Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the Fund’s financial position as of February 28, 2022.
| Current Q | Previous question | Previous year Q | |||||||
| February 28, 2022 | November 30, 2021 | February 28, 2021 | |||||||
| Total assets (a) |
$ |
191 238 031 |
$ |
197 262 713 |
$ |
193 511 672 |
|||
| Total net assets (a) |
$ |
140 122 893 |
$ |
146 621 805 |
$ |
144 810 604 |
|||
| Net asset value per ordinary share (b) |
$ |
9.95 |
$ |
10.41 |
$ |
10.28 |
|||
| Market price per share |
$ |
9.09 |
$ |
9.75 |
$ |
9.10 |
|||
| Premium / (Discount) |
|
(8.64)% |
|
(6.34)% |
|
(11.48)% |
|||
| Outstanding shares |
|
14,082,315 |
|
14,082,315 |
|
14,082,315 |
|||
| Total net investment income (c)(d) |
$ |
972 592 |
$ |
990 799 |
$ |
1,088,058 |
|||
| Total net realized/unrealized gains/(losses) (c) |
$ |
(6,455,021) |
$ |
(1,753,726) |
$ |
411,079 |
|||
| Preferred dividends paid out of net investment income (c) |
$ |
(23,679) |
$ |
(15,273) |
$ |
(18,160) |
|||
| Net increase (decrease) in net assets from operations (c) |
$ |
(5,506,108) |
$ |
(778,200) |
$ |
1,480,977 |
|||
| Earnings per outstanding common share | |||||||||
| Total net investment income (c)(d) |
$ |
0.07 |
$ |
0.07 |
$ |
0.08 |
|||
| Total net realized/unrealized gains/(losses) (c) |
$ |
(0.46) |
$ |
(0.12) |
$ |
0.03 |
|||
| Preferred dividends paid out of net investment income (c) |
$ |
(0.00) |
† |
$ |
(0.00) |
† |
$ |
(0.00) |
† |
| Net increase (decrease) in net assets from operations (c) |
$ |
(0.39) |
$ |
(0.05) |
$ |
0.11 |
|||
| Net undistributed investment income (e) |
$ |
330,789 |
$ |
374,679 |
$ |
254 316 |
|||
| Undistributed net investment income | |||||||||
| Per Share (e) |
$ |
0.02 |
$ |
0.03 |
$ |
0.02 |
|||
| Auction rate Preferred shares (e) |
$ |
600,000 |
$ |
600,000 |
$ |
600,000 |
|||
| Floating Rate Demand Preferred Shares (e) |
$ |
47,400,000 |
$ |
47,400,000 |
$ |
47,400,000 |
|||
Footnotes :
|
(a) |
The difference between the total assets and the total net assets of the Fund is mainly explained by its exceptional auction rate of preferred shares |
|
|
|
(“ARPS”) and Floating Rate Preferred Shares (“VRDPS”); total net assets do not include the liquidation value of ARPS and VRDPS. |
|
|
(b) |
NAVs are calculated at the close of business on the last business day of the periods indicated above. |
|
|
(vs) |
For the quarter indicated. |
|
|
(D) |
Excludes distributions paid to preferred shareholders from net investment income. |
|
|
(e) |
From the date indicated above. |
|
|
† |
The amount represents less than $0.01 per share. |
These financial data are not audited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), along with its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an attachment to its reports on Form N -PORT. These reports are available on the SEC’s website at www.sec.gov. For information on N-PORT forms or a semi-annual or annual report of the Fund, shareholders can call 1-888-777-0102.
Western Asset Intermediate Muni Fund Inc., a diversified closed-end investment management firm, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Franklin Resources and is sub-advised by Western Asset Management Company, a subsidiary of the adviser.
For more information about the Fund, please call 1-888-777-0102 or visit the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the complete audited financial statements of the Fund are available free of charge upon request.
The data and comments provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in the sale of shares of the Fund.
Category: Finance
Source: Franklin Resources, Inc.
Source: Legg Mason Closed-End Fund
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220427005495/en/
Business Wire 2022
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Trending Technical Analysis WESTERN ASSET INTERMEDIATE MUNI FUND INC.
| Short term | Middle term | Long term | |
| Tendencies | Bearish | Bearish | Bearish |
Evolution of the income statement
