Western Asset Worldwide Income Fund Inc. (“SBW”) Announces Distributions for
the Months of December 2012, January and February 2013
NEW YORK -- November 13, 2012
Western Asset Worldwide Income Fund Inc. (NYSE: SBW) today announced monthly
distributions of $0.0840 per common share for December 2012, January and
The distribution schedule appears below:
Month Ex-Date Record Payable Amount
December 12/12/2012 12/14/2012 12/21/2012 $0.0840
January 01/16/2013 01/18/2013 01/25/2013 $0.0840
February 02/13/2013 02/15/2013 02/22/2013 $0.0840
Under the Fund’s managed distribution policy, the Fund seeks to maintain a
consistent distribution level, stated as a fixed rate per common share per
month, that may be paid in part or in full from net investment income and
realized capital gains, or a combination thereof. Shareholders should note,
however, that if the Fund’s aggregate net investment income and net realized
capital gains are less than the amount of the distribution level, the
difference will be distributed from the Fund's assets and will constitute a
return of the shareholder’s capital. A return of capital is not taxable;
rather it reduces a shareholder’s tax basis in his or her shares of the Fund.
The Board of Directors may reduce the Fund’s monthly distribution rate in the
future or terminate or suspend the managed distribution policy at any time.
Any such reduction in the monthly distribution rate, termination or suspension
could have an adverse effect on the market price of the Fund's shares.
Based on the Fund's tax accounting records as of the date of this press
release, the Fund estimates that approximately 86.18% of the cumulative fiscal
year-to-date distributions through February 2013 are sourced from net
investment income, 2.07% are sourced from short-term capital gains and 11.75%
are sourced from long-term capital gains. The estimated components of the
distributions announced today will be provided to shareholders of record in a
Please note that neither this press release nor the separate notice should be
used for tax reporting purposes and that each is being provided to announce
the amount and estimated source of the Fund's distributions that have been
declared by the Board of Directors. In early 2013 and early 2014, after
definitive information is available, the Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by the Fund
during the prior calendar year should be characterized for purposes of
reporting the distributions on a shareholder’s tax return (e.g., ordinary
income, long-term capital gain or return of capital).
Western Asset Worldwide Income Fund Inc. is a non-diversified, closed-end
management investment company. Legg Mason Partners Fund Advisor, LLC, a wholly
owned subsidiary of Legg Mason, Inc., serves as the Fund’s investment manager
and is sub-advised by Western Asset Management Company, an affiliate of the
Contact the Fund at 1-888-777-0102 for additional information, or consult the
Fund’s web site at www.lmcef.com.
Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling shares
of the Fund.
Western Asset Worldwide Income Fund Inc.
Maria Rosati, 212-805-6036
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