Citigroup Investments Corporate Loan Fund Announces Board Consideration of Relationship with TAMIC.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Citigroup Investments Corporate Loan Fund Inc. (the "Fund"), which is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "TLI (Transport Level Interface) A common interface for transport services (layer 4 of the OSI model). It provides a common language to a transport protocol and allows client/server applications to be used in different networking environments. ," today announced that its Board of Directors will be considering proposals by Smith Barney Fund Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("SBFM SBFM Small Business Financial Manager (Microsoft) SBFM Service de Biophysique des Fonctions Membranaires SBFM School of Biblical Foundations and Mission "), its investment manager, and Travelers Asset Management International Company LLC ("TAMIC"), its sub-investment adviser, regarding the Fund's relationship with TAMIC as a result of the sale of TAMIC to MetLife, Inc. On January 31, 2005, Citigroup Inc. ("Citigroup"), of which both SBFM and TAMIC are indirect wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , announced that it had reached an agreement with MetLife, Inc. ("MetLife") to sell Citigroup's life insurance and annuity businesses ("Travelers Life & Annuity") to MetLife. As part of this transaction, TAMIC would become an indirect wholly owned subsidiary of MetLife. The transaction is subject to certain regulatory approvals and other customary conditions to closing. The transaction is expected to close this summer. Any such proposals will require the approval of the Board of Directors and potentially, the Fund's shareholders. Citigroup Investments Corporate Loan Fund Inc., a non-diversified investment management company, is managed by Smith Barney Fund Management LLC, an indirect wholly owned subsidiary of Citigroup Inc. For more information, please call 1-888-735-6507 or consult the Fund's web site at www.citigroupassetmanagement.com. |
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