Western Asset Intermediate Muni Fund Inc. Reports Unaudited Earnings Results for the First Quarter Ended February 29, 2016
June 30, 2016 at 08:00 am EDT
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Western Asset Intermediate Muni Fund Inc. reported unaudited earnings results for the first quarter ended February 29, 2016. For the quarter, total net investment income was $1,485,355 or $0.11 per share against $1,585,160 or $0.11 per share a year ago. Total net realized/unrealized gain was $1,964,055 or $0.14 per share against $991,235 or $0.11 per share a year ago. Net increase in net assets from operations was $3,446,979 or $0.25 per share against $2,562,422 or $0.18 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. 
