Western Asset Premier Bond Fund Announces Results of Annual Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--Western Asset Premier Bond Fund, which is traded on the New York Stock Exchange under the symbol “WEA,” announced today the results of the votes cast at the Fund’s annual meeting of shareholders held June 1, 2010 following its adjournment on May 18, 2010.

Ronald J. Arnault, Anita L. DeFrantz, Ronald L. Olson, Avedick B. Poladian, and Jaynie Miller Studenmund were elected as Trustees of the Fund by owners of its common shares and preferred shares voting together as a single class to hold office until the annual meeting of shareholders in the year 2011 or thereafter when respective successors are duly elected and qualified.

The Fund did not achieve a quorum with respect to the election of two Trustees who are elected solely by the Fund’s preferred shares voting separately as a class. R. Jay Gerken and William E.B. Siart will serve as Preferred Trustees of the Fund until the annual meeting of shareholders in the year 2011 or thereafter when respective successors are duly elected and qualified.

Western Asset Premier Bond Fund is a closed-end management investment company that invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Company, a subsidiary of Legg Mason, Inc. Western Asset Management Company has managed the Fund since its inception in 2002.

Contact the Fund at 1-888-777-0102 for more information, or visit the Fund’s web site at www.leggmason.com/cef.

Data and commentary provided within this press release are for informational purposes only. Legg Mason, Inc. and its affiliates do not engage in selling any of the shares of the Fund.