Western Asset Intermediate Muni Fund Inc. Announces Unaudited Earnings Results for the Quarter Ended February 28, 2019
April 29, 2019 at 08:30 am EDT
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Western Asset Intermediate Muni Fund Inc. announced unaudited earnings results for the quarter ended February 28, 2019. For the quarter, the company reported total net investment Income of $1,387,760 or $0.10 per common share against $1,402,635 or $0.10 per common share for the same period a year ago. Total net realized/unrealized gain was $2,147,230 or $0.15 per common share against total net realized/unrealized loss of $2,217,894 or $0.16 per common share for the same period a year ago. Net increase in net assets from operations was $3,331,042 or $0.24 per common share against net decrease in net assets from operations of $986,501 or $0.07 per common share for the same period a year ago.
Western Asset Intermediate Muni Fund Inc. (The Fund) is a closed-end management investment company. The Fundâs investment objective is to provide common shareholders a high level of current income exempts from regular federal income taxes consistent with prudent investing. Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations. The Fund also maintains a dollar-weighted average effective maturity of between three and ten years. Under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization (NRSRO) or if unrated, of equivalent quality as determined by the investment manager. transportation, health care, power, education, housing, solid waste, leasing, short term investments, and others. The investment manager of the Fund is Legg Mason Partners Fund Advisor, LLC.
WESTERN ASSET INTERMEDIATE MUNI FUND INC. 
