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High yield funds liquidating dividend

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Please register to access vital insights and resources created exclusively for financial advisors. Founded inthe firm is known for team management, proprietary research and High yield funds liquidating dividend fundamental value approach.

One of the world's largest and leading fixed-income managers, Western Asset has focused exclusively on fixed income since its founding in They offer investors a broad range of core and specialized bond portfolios from across the fixed-income universe, all managed using a long-term, value-oriented investment process. Legg Mason's unique structure provides you with access to this specialized expertise. We offer a powerful portfolio of solutions through our independent investment management firms.

All investments are subject to risks, including the possible loss of principal. The Fund's investments are subject to credit risk, High yield funds liquidating dividend risk, and interest rate risk. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. The Fund may invest in lower-rated high yield bonds which are subject to High yield funds liquidating dividend credit risk risk of default than higher-rated obligations.

Investments in foreign securities involve risks, including the possibility of losses due to changes in currency exchange rates and negative developments in the political, economic, or regulatory structure of specific countries or regions.

These risks are greater in emerging markets. The Fund may make significant investments in derivative instruments. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance.

Distributions are not guaranteed and are subject to change. Performance shown represents past performance and is no guarantee of future results.

Current performance may be higher High yield funds liquidating dividend lower than the performance shown.

Investment return and principal value will fluctuate so shares, when sold, may be worth more or less than the original cost. All returns include the deduction of management fees, operating expenses and all other fund expenses, High yield funds liquidating dividend do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares.

Returns for periods of less than one year are not annualized. Net Asset Value NAV is total assets less total liabilities divided by the number of shares outstanding.

Market Price, determined by supply and demand, is the price an investor purchases or sells the fund.

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The Distribution Rate is subject to change and is not a quotation of Fund performance. The Board of Directors may terminate or suspend the managed distribution policy at any time. Any such termination or suspension High yield funds liquidating dividend have an adverse effect on the market price of the Fund's shares.

A return of capital is not taxable and results in a reduction in the tax basis of a shareholder's investment. For more information about a distribution's composition refer to the Fund's distribution press release or, if applicable, the Section 19 notice located in the Press Releases section below.

Under the investment management agreement, the Fund pays an annual fee, paid monthly, as a portion of the Fund's average daily net assets. Portfolio characteristics and holdings are subject to change at any time. Percentages are based on total portfolio as of quarter-end and are subject to change at any time. For informational purposes only and not to be considered a recommendation to purchase or sell any security.

Weighted Average Life WAL is the average number of years for which each High yield funds liquidating dividend of unpaid principal on a loan or mortgage remains outstanding. Once calculated, WAL tells how many years it will take to pay half "High yield funds liquidating dividend" the outstanding principal. Effective duration takes into account that expected cash flows will fluctuate as interest rates change.

Duration measures the sensitivity of price the value of principal of a fixed-income investment to a change in interest rates.

BREAKING DOWN 'Liquidating Dividend'

The higher the duration number, the more sensitive a fixed-income investment will be to interest rate changes. Credit quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner.

For this purpose, if two or more of the agencies have assigned differing ratings to a security, the lowest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the Fund's portfolio does not apply to the stability or safety of the Fund.

These ratings are updated monthly and may change over time. Please note, the Fund itself has not been rated by an independent rating High yield funds liquidating dividend. Portfolio holdings are based on total portfolio, High yield funds liquidating dividend are subject to change at any time.

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Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.

At year-end the Fund will High yield funds liquidating dividend a Form with the final composition of the distribution for tax purposes. The Distribution Rate is not guaranteed, subject to change, and is not a quotation of Fund performance. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose High yield funds liquidating dividend avoiding tax penalties.

Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction s or matter s addressed by these materials, to the extent allowed by applicable law.

Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Review this information carefully before you make any investment decision. Unlike open-end High yield funds liquidating dividend, shares are not continually offered.

Share prices will fluctuate with market conditions and, at the High yield funds liquidating dividend of sale, may be worth more or less than your original investment.

Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Market Pricedetermined by supply and demand, is the price an investor purchases or sells the fund. Investment return, market price and net asset value will fluctuate with changes in market conditions.

What is a 'Liquidating Dividend'

The Funds are subject to investment risks, including the possible loss of principal invested. This link leads to a website that is intended for U. The products and services described on the website are not available to non-U. Legg Mason takes no liability for the onward transmission of this material.

Managed High Yield Plus Fund...

All investments involve risk, including possible loss of principal. Investors should consider the fund's investment objectives, risks, charges and expenses carefully before investing. Find this and other information in each fund's prospectus or if available, summary prospectus on the product specific pages of this website. Read it carefully before investing. An investment in a money market fund is neither insured nor guaranteed High yield funds liquidating dividend the Federal Deposit Insurance Corporation or any other government agency.

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By closing this window you acknowledge that your experience on this website may be degraded. Provides a non-leveraged high-yield corporate fixed-income portfolio with a limited term structure that will liquidate on or about September 30, Seeks high income, with capital appreciation as a secondary objective Emphasizes team management and extensive credit research expertise to identify attractively priced securities.

Learn more about how to invest with Legg Mason. A general rise in interest rates may lead to increased portfolio volatility. Close You High yield funds liquidating dividend leaving www.

Aiming to identify securities that...

Close Email to a Friend. Send a copy to my email address. Shareholders should generally treat the liquidating distribution as a Bonds and bond funds will decrease in value as interest rates rise. SEE ALSO: 53 Best Dividend Stocks for and Beyond You're still getting a higher yield than many preferred funds, but you have to accept that cuts are part of life with FLC, which.

That's the year the fund will liquidate. Aiming to identify securities that provide high current income High yield funds liquidating dividend capital appreciation, the Latest Distribution ($ / Share) as of 11/09/, $. Click here to view the Price and Performance for all Closed-End Funds .

The use of leverage may cause a Fund to liquidate portfolio positions when it may not be.

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