April 18, 2014 4:37 AM 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

Director Nominee
Age: 55
Principal Financial Officer
Age: 43
Treasurer
Age: 47
Secretary
Age: 59
Assistant Secretary
Age: 66
Compensation as of Fiscal Year 2013.

Western Asset Income Fund Key Developments

Western Asset Income Fund Announces Distributions for the Months of March, April & May 2014, Payable on March 28, April 25 and May 30, 2014

Western Asset Income Fund announced a monthly distribution rate of $0.0575 per common share for the months of December 2013, January and February 2014. The March distribution is payable on March 28, 2014, record date is March 21, 2014 and the ex dividend date is March 19, 2014. The April distribution is payable on April 25, 2014, record date is April 17, 2014 and the ex dividend date is April 15, 2014. The May distribution is payable on May 30, 2014, record date is May 23, 2014 and the ex dividend date is May 21, 2014.

Western Asset Income Fund Announces Earnings Results for the Quarter Ended September 30, 2013

Western Asset Income Fund announced earnings results for the quarter ended September 30, 2013. For the quarter, the company reported total investment income of $1,746,391 or $0.18 per share compared to $1,680,334 or $0.18 per share a year ago. Total net realized/unrealized gain of $337,916 or $0.04 per share compared to $5,537,732 or $0.58 per share a year ago. Net increase in net assets from operations was $2,084,307 or $0.22 per share compared to $7,218,066 or $0.76 per share a year ago. NAV per share of common stock as of September 30, 2013 was $14.26 compared to $14.89 a year ago.

Western Asset Income Fund Announces Distributions for the Months of December 2013, January & February 2014, Payable on December 27, 2013, January 31, 2014 and February 28, 2014

Western Asset Income Fund announced a monthly distribution rate of $0.0575 per common share for the months of December 2013, January and February 2014. This dividends are payable on December 27, 2013, January 31, 2014 and February 28, 2014. Record date is on December 20, 2013, January 24, 2014 and February 21, 2014 and the ex-dividend date is on December 18, 2013, January 22, 2014 and February 19, 2014.

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