NEW YORK--(BUSINESS WIRE)--April 16, 2025--
Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of February 28, 2025.
Current Q Previous Q Prior Yr Q
February 28, November 30, February 29,
2025 2024 2024
Total Assets (a) $173,956,021 $178,192,638 $175,430,065
Total Net Assets (a) $123,808,223 $125,871,409 $127,241,370
NAV Per Share of
Common Stock (b) $ 8.79 $ 8.94 $ 9.04
Market Price Per
Share $ 7.98 $ 8.16 $ 7.89
Premium / (Discount) (9.22)% (8.72)% (12.72)%
Outstanding Shares 14,082,315 14,082,315 14,082,315
Total Net Investment
Income (c)(d) $ 1,315,562 $ 1,334,547 $ 1,301,630
Total Net
Realized/Unrealized
Gain/(Loss)(c) $ (1,265,940) $ 150,687 $ 2,996,853
Preferred Dividends
Paid from Net
Investment Income
(c) $ (338,436) $ (403,600) $ (410,805)
----------- ----------- -----------
Net Increase
(Decrease) in Net
Assets From
Operations (c) $ (288,814) $ 1,081,634 $ 3,887,678
=========== =========== ===========
Earnings per Common
Share Outstanding
--------------------
Total Net Investment
Income (c)(d) $ 0.09 $ 0.09 $ 0.09
Total Net
Realized/Unrealized
Gain/(Loss)(c) $ (0.09) $ 0.01 $ 0.21
Preferred Dividends
Paid from Net
Investment Income
(c) $ (0.02) $ (0.03) $ (0.03)
----------- ----------- -----------
Net Increase
(Decrease) in Net
Assets From
Operations (c) $ (0.02) $ 0.07 $ 0.27
=========== =========== ===========
Undistributed Net
Investment Income
(e) $ (1,464,055) $ (666,809) $ (805,173)
Undistributed Net
Investment Income
Per Share (e) $ (0.10) $ (0.05) $ (0.06)
Variable Rate Demand
Preferred Stock (e) $ 47,400,000 $ 47,400,000 $ 47,400,000
Footnotes:
(a) The difference between the Fund's total assets and total net assets is
due primarily to its outstanding variable rate demand preferred stock
("VRDPS"); total net assets do not include the liquidation value of
VRDPS.
(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) Excludes distributions paid to preferred stockholders from net
investment income.
(e) 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 ("SEC"), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC's website at www.sec.gov. To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
Western Asset Intermediate Muni Fund Inc., a diversified closed-end investment management company, is advised by Franklin Templeton Fund Advisor, LLC ("FTFA") and is sub-advised by Western Asset Management Company ("Western Asset"). FTFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. ("Franklin Resources").
For more information about the Fund, please call 1-888-777-0102 or consult the Fund's web site at www.franklintempleton.com/investments/options/closed-end-funds. 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. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416062909/en/
CONTACT:
Investor Contact: Fund Investor Services 1-888-777-0102
(END) Dow Jones Newswires
April 16, 2025 08:00 ET (12:00 GMT)