Western Asset Income Fund Declares Monthly Dividend Distribution.PASADENA, Calif. -- Western Asset Income Fund ("Fund") (NYSE NYSE See: New York Stock Exchange :PAI PAI plasminogen activator inhibitor. PAI Plasminogen activator inhibitor, see there ) announced today the declaration of its monthly ordinary income dividend of $0.075 per share on its Common Stock. The monthly dividend will be paid on April 30, 2007 to shareholders of record as of April 13, 2007. The ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. will be April 11, 2007. This press release is not for tax reporting purposes and is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2008, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the calendar year 2007 should be characterized for purposes of reporting the distributions on your tax return (e.g., ordinary income, long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. or return of capital). The Fund is a closed-end investment company closed-end investment company: see mutual fund. that invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Company; a subsidiary of Legg Mason, Inc. Western Asset Management Company has managed the Fund since its inception in March 1973. |
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