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)