November 27, 2014 4:50 PM ET

Capital Markets

Company Overview of Western Asset Income Fund

Company Overview

Western Asset Income Fund is a close ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States. The fund benchmarks the performance of its portfolio against the Lehman High Yield Index and Lehman US Credit Index. Western Asset Income Fund was formed on March 22, 1973 and is domiciled in the United States.

385 East Colorado Boulevard

Pasadena, CA 91101

United States

Founded in 1973

Key Executives for Western Asset Income Fund

Chief Executive Officer
Age: 56
Principal Financial Officer and Treasurer
Age: 44
Chief Legal Officer and Secretary
Age: 60
Assistant Secretary
Age: 67
Chief Compliance Officer
Age: 45
Compensation as of Fiscal Year 2014.

Western Asset Income Fund Key Developments

Western Asset Income Fund Announces Earnings Results for the Quarter Ended September 30, 2014

Western Asset Income Fund announced earnings results for the quarter ended September 30, 2014. For the quarter, the company reported total investment income of $1,720,607 or $0.18 per share compared to $1,746,391 $0.18 per share a year ago. Total net realized/unrealized loss of $2,274,401 or $0.24 per share compared to total net realized/unrealized gain of $337,916 or $0.04 per share a year ago. Net decrease in net assets from operations was $553,794 or $0.06 per share compared to net increase in net assets from operations of $2,084,307 or $0.22 per share a year ago. NAV per share of common stock as of September 30, 2013 was $14.89 compared to $14.26 a year ago.

Western Asset Income Fund Announces Distributions for the Months of October and November 2014, Payable on October 31, 2014 and November 28, 2014 Respectively

Western Asset Income Fund announced monthly distributions of $0.0575 per common share for the months of October and November 2014, payable on October 31, 2014 and November 28, 2014 respectively, to the recoded shareholders on October 24, 2014 and November 21, 2014 respectively and ex-date is October 22, 2014 and November 19, 2014 respectively.

Western Asset Income Fund Announces Unaudited Earnings Results for the Quarter Ended March 31, 2014

Western Asset Income Fund announced unaudited earnings results for the quarter ended March 31, 2014. For the period, the company reported total net investment income of $1,704,751 or $0.18 per common share compared to $1,711,050 or $0.18 per common share for the same period a year ago. Net Increase in net assets from operations was $4,745,133 or $0.50 per common share compared to $14,866 or $0.00 per common share for the same period a year ago. Undistributed net investment income per share was $0.08 compared to $0.04 for the same period a year ago. Undistributed net investment income was $789,337 compared to $378,094 for the same period a year ago. NAV per share of common stock was $14.77 compared to $14.88 at the same period a year ago.

Similar Private Companies By Industry

Company Name Region
Concept Capital Markets, LLC United States
McAdams Wright Ragen, Inc., Research Division United States
Scottrade Financial Services, Inc. United States
SP Acquisition Holdings, Inc. United States
Doeren Mayhew Capital Advisors, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Western Asset Income Fund, please visit institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.