Western Asset Intermediate Muni Fund Inc. Reports Unaudited Earnings Results for the Quarter Ended August 31, 2016
December 15, 2016 at 08:00 am EST
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Western Asset Intermediate Muni Fund Inc. reported unaudited earnings results for the quarter ended August 31, 2016. For the quarter, the company reported total net investment income of $1,476,605 or $0.10 per common share against $1,478,426 or $0.11 per common share for the same period a year ago. Total net realized/unrealized gain was $1,551,506 or $0.11 per common share against loss of $560,197 or $0.04 per common share for the same period a year ago. Net increase in net assets from operations was $2,961,080 or $0.21 per common share against $901,990 or $0.07 per common share for the same period a year ago. NAV per share of common stock was $10.70 against $10.42 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. 
