Western Asset Global Partners Income Fund Inc. Announces Financial Position as of May 31, 2010

NEW YORK--()--Western Asset Global Partners Income Fund Inc., which is listed on the New York Stock Exchange under the symbol “GDF”, today announced the financial position of the Fund as of May 31, 2010.

      Current Q     Previous Q     Prior Yr Q
May 31, 2010 February 28, 2010 May 31, 2009
Total Assets (a) $     230,297,514 $     230,424,885 $     190,485,259
Total Net Assets (a) $ 168,720,126 $ 170,250,158 $ 135,613,602
NAV Per Share of Common Stock (b) $ 10.97 $ 11.09 $ 8.87
Market Price Per Share $ 11.15 $ 12.02 $ 8.62
Premium / (Discount) 1.64 % 8.39 % -2.82 %
Outstanding Shares 15,374,330 15,355,938 15,292,209
 
Total Net Investment Income (c) $ 4,643,419 $ 5,001,206 $ 4,494,398
Total Net Realized/Unrealized Gain/(Loss) (c) $     (17,400,432 ) $     3,072,152   $     1,878,309  
Net Increase (Decrease) in Net Assets From Operations (c) $     (12,757,013 ) $     8,073,358   $     6,372,707  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.30 $ 0.33 $ 0.29
Total Net Realized/Unrealized Gain/(Loss) (c) $     (1.13 ) $     0.20   $     0.12  
Net Increase (Decrease) in Net Assets From Operations (c) $     (0.83 ) $     0.53   $     0.41  
 
Undistributed/(Overdistributed) Net Investment Income (d) $ 2,727,506 $ 2,462,337 $ 2,243,256
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ 0.18 $ 0.16 $ 0.15
 
Loan Outstanding (d) $ 33,000,000 $ 33,000,000 $ 33,000,000
Footnotes:
(a)     The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the period indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Global Partners Income Fund Inc., a non-diversified closed-end investment management company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information, please call 1-888-777-0102 or consult 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.

Contacts

Legg Mason & Co., LLC
Brenda Grandell, 212-857-8087
Director, Closed End Funds

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