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NEW YORK, December 23, 2024--(BUSINESS WIRE)--ClearBridge Investments, LLC ("ClearBridge") manages the Fund’s equity investments and oversees the Fund’s allocation between equity and fixed income securities. Western Asset Management Company, LLC ("Western Asset") manages the fixed income portion of the Fund.
Effective December 31, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:
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ClearBridge Investments
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Peter Vanderlee (Has been a member of the Fund’s portfolio management team since 2009)
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Patrick McElroy (Has been a member of the Fund’s portfolio management team since 2022)
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Western Asset
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Michael Buchanan (Has been a member of the Fund’s portfolio management team since 2010)
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Ryan Brist (Has been a member of the Fund’s portfolio management team since 2010)
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Christopher Kilpatrick (Has been a member of the Fund’s portfolio management team since 2023)
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Mark Lindbloom (Has been a member of the Fund’s portfolio management team since 2010)
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Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
For more information about the Fund, please call Fund Investor Services: 1-888-777-0102, or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds. The information contained on the Fund’s web site is not part of this press release. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
The Fund’s shares are traded on the New York Stock Exchange. Similar to stocks, Fund share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.
About ClearBridge Investments
With $192.9 billion in assets under management as of September 30, 2024, ClearBridge Investments is a leading global equity manager committed to delivering long-term results through authentic active management, offering investment solutions that emphasize differentiated, bottom-up stock selection to move clients forward. The firm integrates ESG considerations into its fundamental, bottom-up research and stock selection process across all strategies. Owned by Franklin Templeton, ClearBridge operates with investment independence from headquarters in New York and offices in Baltimore, Calgary, Fort Lauderdale, London, San Mateo, and Sydney.