WESTERN ASSET INTERMEDIATE MUNI FUND INC.

(SBI)
  Report
Delayed Nyse  -  04:00 2022-06-24 pm EDT
7.900 USD   -0.88%
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Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of February 28, 2022

04/27/2022 | 08:09am EDT

Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of February 28, 2022.

Current Q Previous Q Prior Yr Q
February 28, 2022 November 30, 2021 Febuary 28, 2021
Total Assets (a)

$

191,238,031

$

197,262,713

$

193,511,672

Total Net Assets (a)

$

140,122,893

$

146,621,805

$

144,810,604

NAV Per Share of Common Stock (b)

$

9.95

$

10.41

$

10.28

Market Price Per Share

$

9.09

$

9.75

$

9.10

Premium / (Discount)

 

(8.64)%

 

(6.34)%

 

(11.48)%

Outstanding Shares

 

14,082,315

 

14,082,315

 

14,082,315

 
Total Net Investment Income (c)(d)

$

972,592

$

990,799

$

1,088,058

Total Net Realized/Unrealized Gain/(Loss)(c)

$

(6,455,021)

$

(1,753,726)

$

411,079

Preferred Dividends Paid from Net Investment Income (c)

$

(23,679)

$

(15,273)

$

(18,160)

Net Increase (Decrease) in Net Assets From Operations (c)

$

(5,506,108)

$

(778,200)

$

1,480,977

 
Earnings per Common Share Outstanding
Total Net Investment Income (c)(d)

$

0.07

$

0.07

$

0.08

Total Net Realized/Unrealized Gain/(Loss)(c)

$

(0.46)

$

(0.12)

$

0.03

Preferred Dividends Paid from Net Investment Income (c)

$

(0.00)

$

(0.00)

$

(0.00)

Net Increase (Decrease) in Net Assets From Operations (c)

$

(0.39)

$

(0.05)

$

0.11

 
Undistributed Net Investment Income (e)

$

330,789

$

374,679

$

254,316

Undistributed Net Investment Income
Per Share (e)

$

0.02

$

0.03

$

0.02

 
Auction Rate Preferred Stock (e)

$

600,000

$

600,000

$

600,000

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 auction rate preferred stock

 

(“ARPS”) and variable rate demand preferred stock (“VRDPS”); total net assets do not include the liquidation value of ARPS and 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.

Amount represents less than $0.01 per share.

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 managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

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


© Business Wire 2022
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Financials (USD)
Sales 2021 6,06 M - -
Net income 2021 6,27 M - -
Net Debt 2021 48,2 M - -
P/E ratio 2021 21,9x
Yield 2021 2,89%
Capitalization 111 M 111 M -
EV / Sales 2020 27,6x
EV / Sales 2021 30,6x
Nbr of Employees -
Free-Float 100%
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Managers and Directors
Jane Elizabeth Trust Chairman, President & Chief Executive Officer
Christopher Berarducci Chief Financial Officer & Treasurer
Fred Jensen Chief Compliance Officer
Carol L. Colman Independent Director
Paolo M. Cucchi Independent Director