Western Asset Zenix Income Fund Inc. Sets New Rate and Declares Distributions for the Months of March, April and May 2007.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 -- Western Asset Zenix Income Fund Inc., which is listed 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 "ZIF," announced a monthly distribution from ordinary income of $0.0210 per common share. The Fund previously paid a monthly rate of $0.0220 per shares. The distribution schedule for the months of March, April and May 2007 appears below: The distribution schedule appears below:
Ex-Dividend Record Payable
March 3/21/07 3/23/07 4/2/07
April 4/18/07 4/20/07 4/27/07
May 5/16/07 5/18/07 5/25/07
In declaring the monthly distribution it was decided that the new rate best approximates the earning power Earning power Earnings before interest and taxes (EBIT) divided by total assets. earning power 1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. of the Fund. As a result, the Fund has decreased its distributions to more closely approximate the current level of investment income generated by the portfolio. Western Asset Zenix Income Fund Inc., a diversified closed end investment management company, is advised by Legg Mason Partners Fund Advisor, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 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., and is sub-advised by Western Asset Management Company and Western Asset Management Company Limited, affiliates of the advisor. For more information, please call 1-888-777-0102 or consult the Fund's web site at www.leggmason.com/InvestorServices. |
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