Western Asset Intermediate Muni Fund Inc. Reports Unaudited Earnings Results for the First Quarter Ended February 28, 2018
April 16, 2018 at 08:30 am EDT
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Western Asset Intermediate Muni Fund Inc. reported unaudited earnings results for the first quarter ended February 28, 2018. For the quarter, the company reported total net investment income of $1,402,635 or $0.10 per share against $1,455,096 or $0.10 per share a year ago. Total net realized/unrealized loss was $2,217,894 or $0.16 per share against total net realized/unrealized gain of $1,668,197 or $0.12 per share a year ago. Net decrease in net assets from operations was $986,501 or $0.07 per share against net increase in net assets from operations of $3,024,000 or $0.21 per share a year ago. NAV per share of common stock was $9.91 against $10.08 a year ago. Undistributed net investment income was $88,099 or $0.01 per share against $764,869 or $0.05 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. 
