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LMP Corporate Loan Fund Inc. (“TLI”) Announces Distribution Rate for the Month of December 2012



  LMP Corporate Loan Fund Inc. (“TLI”) Announces Distribution Rate for the
  Month of December 2012

Business Wire

NEW YORK -- November 21, 2012

LMP Corporate Loan Fund Inc. (NYSE: TLI) today announced a monthly
distribution of $0.0725 per common share for December 2012. The distribution
amount is unchanged from the prior month.

The distribution schedule appears below:

                                                              
Month      Ex-Date      Record Date   Payable Date   Amount    Type
December   12/12/2012   12/14/2012    12/21/2012     $0.0725   Income
                                                                

This press release is not for tax reporting purposes but is being provided to
announce the amount of the Fund’s distribution that has been declared by the
Board of Directors. In early 2013, 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 respective 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).

LMP Corporate Loan Fund Inc., a non-diversified, closed-end management
investment company, is managed by Legg Mason Partners Fund Advisor, LLC
(“LMPFA”), a wholly-owned subsidiary of Legg Mason, Inc., and is currently
sub-advised by Citigroup Alternative Investments LLC (“CAI”), an indirect
wholly-owned subsidiary of Citigroup Inc. Effective December 1, 2012, LMPFA
will assume responsibility for the day-to-day management of the Fund’s
portfolio. Following LMPFA’s assumption of the day-to-day management, the Fund
will no longer have CAI as its subadviser.

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.

Contact:

Media:
LMP Corporate Loan Fund Inc.
Maria Rosati, (212)-805-6036
mrosati@leggmason.com
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