OESTERN ASSET MSLOW MOTION MMARKET INCOME FUND
AADVERTISEMENT FINALE RRESULTS OF JENDER
NEW YORK – (Business Wire) – April 7, 2022. Western Asset Middle Market Income Fund Inc. (XWMFX) today announced the final results of its tender offer for up to 2.5% of the common stock in (“Shares”) or 3,871 Shares of the Fund at a price equal to the net asset value of the Fund per Share on the day the tender offer expired. As described in the Offer, the Fund has reserved the right to purchase up to an additional 2% of the outstanding shares of the Fund without modifying or extending the Offer (the “Additional Shares”). The Fund’s offer expired on April 4, 2022.
A total of 13,445 Shares were duly tendered and not withdrawn. As the number of Shares tendered exceeds 3,871 Shares, the tender offer is oversubscribed. Accordingly, pursuant to the terms and conditions specified in the tender offer, the Fund will purchase Shares from all tendering shareholders on a pro rata basis, excluding any odd lot transactions and disregarding fractions. . A total of 6,968 Shares, including 3,097 Additional Shares, have been accepted in payment. Accordingly, on a pro rata basis, including the impact of any additional Shares purchased but excluding any odd lot transactions and disregarding fractions, approximately 47.4% of the Shares of each shareholder having duly tendered Shares have been accepted in payment. The purchase price for tendered shares is $618.94 per share, equal to the net asset value per share at the end of the regular trading session of the New York Stock Exchange on April 4, 2022. The Fund expects to transmit payment to purchase the Shares duly deposited and accepted on or about April 6, 2022. Shares which have been deposited but not accepted for payment and Shares which have not been deposited will remain outstanding.
Any questions regarding the tender offer may be directed to Georgeson LLC, the information agent for the tender offer, at (866) 431-2110.
THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR STATEMENT FOR USE IN THE PURCHASE OR SALE OF SHARES IN THE FUND. THIS PRESS RELEASE MAY CONTAIN STATEMENTS REGARDING FUTURE PLANS AND EXPECTATIONS WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE CONTEXT OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. SUCH AS “MAY”, “WILL”, “EXPECT “, “ANTICIPATE”, “ESTIMATE”, “BELIEVE”, “CONTINUE” OR OTHER SIMILAR WORDS. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE CURRENT PLANS AND EXPECTATIONS OF THE FUND AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. ADDITIONAL INFORMATION REGARDING SUCH RISKS AND UNCERTAINTIES IS CONTAINED IN THE FUND’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
Western Asset Middle Market Income Fund Inc. is a non-diversified closed-end investment company. Legg Mason Partners Fund Advisor, LLC, manager of the Fund, is an indirect wholly-owned subsidiary of Franklin Resources Inc. (“Franklin Resources”) and the Fund’s sub-advisors, Western Asset Management Company, LLC, Western Asset Management Company Limited , Western Asset Management Company Ltd. and Western Asset Management Company Pte. Ltd., are also indirect wholly-owned subsidiaries of Franklin Resources.
The data and comments provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in the sale of shares of the Fund. Hard copies of the complete audited financial statements of the Fund are available free of charge upon request.
For more information, please call 1-888-777-0102 or visit the Fund’s website at franklintempleton.com.
Franklin Distributors, LLC (formerly known as Legg Mason Investor Services, LLC) is a subsidiary of Franklin Resources.
© 2022 Franklin Distributors, LLC. Member FINRA, SIPC
Category: Fund Announcement
Source: Franklin Resources, Inc.
Source: Legg Mason Closed-End Fund
Media Contact: Fund Investor Services-1-888-777-0102