Western Asset Municipal Outlined Chance Trust Inc. (NYSE: MTT) Announces Scheduled Termination
Western Asset Municipal Described Opportunity Belief Inc. (the “Fund”), a phrase fund, announced right now that the scheduled termination of the Fund is anticipated to happen on or about April 30, 2021 (the “Termination Date”). Pursuant to the conditions of the Fund’s prospectus, dated March 26, 2009, the Fund’s twelve calendar year envisioned expression was scheduled to expire on or about April 30, 2021. Proceeds from the termination of the Fund will be paid to stockholders immediately right after the Termination Day (the “Liquidating Payment”). The proportionate interests of stockholders in the property of the Fund will be fastened on the foundation of their respective holdings at the near of business on the Termination Day. Prior to the opening of business on May perhaps 3, 2021, the Fund will cease investing on the New York Stock Trade.
The Liquidating Payment will be produced in lieu of the Fund’s April distribution payment.
The Fund, a non-diversified, closed-stop administration investment company, is managed by Legg Mason Associates Fund Advisor, LLC (“LMPFA”), and is sub-advised by Western Asset Management Company, LLC (“Western Asset”), an affiliate of LMPFA. Both equally LMPFA and Western Asset are oblique wholly-owned subsidiaries of Franklin Methods, Inc. (“Franklin Assets”).
The Fund data files its semi-annual and annual stories with the Securities and Exchange Fee (the “SEC”). These stories are out there on the SEC’s website at www.sec.gov. Speak to the Fund at 1-888-777-0102 for more facts, or consult the Fund’s net web-site at www.lmcef.com. Really hard copies of the Fund’s finish audited monetary statements are out there no cost of charge upon ask for.
Knowledge and commentary offered in this press launch are for informational uses only. This push launch could consist of statements about ideas and anticipations for the long run that constitute forward-searching statements inside of the Personal Securities Litigation Reform Act of 1995. This kind of ahead-hunting statements are dependent on the Fund’s present designs and expectations, and are issue to pitfalls and uncertainties that could trigger genuine results to differ materially from these described in the forward-hunting statements. More data relating to these kinds of dangers and uncertainties are contained in the Fund’s filings with the SEC. Franklin Resources and its affiliate marketers do not have interaction in marketing shares of the Fund.
Group: Fund Announcement
Supply: Franklin Methods, Inc.
Supply: Legg Mason Closed Stop Cash
See source version on businesswire.com: https://www.businesswire.com/news/house/20210416005157/en/
Contacts
Fund Trader Services-1-888-777-0102