The Salomon Brothers Fund Inc Announces Conversion from Closed-End Investment Company to Open-End Investment Company.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 -- The Salomon Brothers Fund Inc (NYSE NYSE See: New York Stock Exchange : SBF SBF Studium Biblicum Franciscanum (Franciscan School of Biblical Investigations; Jerusalem, Israel) SBF Small Block Ford (automotive engine) SBF Single Black Female SBF Société des Bourses Francaises ) announced today that the Fund will convert from a closed-end investment company closed-end investment company: see mutual fund. to an open-end investment company open-end investment company: see mutual fund. as of the close of business today. The shareholders of the Fund approved the conversion at a special meeting held on May 1, 2006. Upon conversion, shares of the Fund will be reclassified as Class O shares, and each shareholder of the Fund will continue to own shares with the same aggregate net asset value as the shares the shareholder owned immediately prior to the conversion. The registration statement for the Class O shares has been declared effective by the Securities and Exchange Commission. A transaction confirmation will be mailed to each shareholder. The stock transfer records of the Fund as a closed-end investment company will be permanently closed after the close of business today, which will be the last day of trading in the Fund's shares. Trading in the Fund's shares 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. will be suspended by the Exchange before the opening of trading on Monday, July 3, 2006. Upon the conversion, Fund shareholders will be able to redeem their Class O shares at net asset value less a redemption fee equal to 0.75% of the aggregate net asset value of the Class O shares that are redeemed during the first 12 months following the conversion. The Salomon Brothers Fund Inc, a diversified investment management company, is managed by Salomon Brothers Asset Management Inc, a wholly owned subsidiary 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. of Legg Mason, Inc. For additional information, please contact the Investor Relations group at 1-888-777-0102, or the Fund's web site at www.leggmason.com/InvestorServices. Note: "Smith Barney," "Salomon Brothers" and "Citi" are service marks of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup. |
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