Western Asset Intermediate Muni Fund Inc. Reports Unaudited Earnings Results for the First Quarter Ended August 31, 2018
November 07, 2018 at 08:30 am EST
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Western Asset Intermediate Muni Fund Inc. reported unaudited earnings results for the first quarter ended August 31, 2018. For the quarter, the company reported total net investment income of $1,439,877 or $0.10 per share against $1,479,933 or $0.11 per share a year ago. Total net realized/unrealized loss was $539,952 or $0.04 per share against total net realized/unrealized gain of $836,746 or $0.06 per share a year ago. Net decrease in net assets from operations was $183,960 or $0.05 per share against $128,947 or $0.16 per share a year ago. NAV per share of common stock was $9.87 against $10.32 a year ago. Undistributed net investment income was $43,678 or $0.00 per share against $411,669 or $0.03 per share 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. 
