Company Western Asset Variable Rate Strategic Fund Inc.

Western Asset Variable Rate Strategic Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to maintain a high level of current income. The Fund invests primarily in variable rate instruments of the United States and non-United States issuers, including the United States and non-United States investment grade and high-yield debt, senior loans, emerging market debt and derivatives related to these securities. The Fund invests in fixed-income securities, which are subject to credit risks, including the risk of nonpayment of scheduled interest or loan payments. It may invest in high-yield and foreign securities, including emerging markets. Its investments include various sectors, such as energy, materials and healthcare. Legg Mason Partners Fund Advisor, LLC is the Fund's investment manager. Western Asset Management Company, Western Asset Management Company Limited and Western Asset Management Company Pte. Ltd. are its sub advisors.