LMP Corporate Loan Fund Inc. Announces Financial Position as of June 30, 2010

NEW YORK--(BUSINESS WIRE)--LMP Corporate Loan Fund Inc., which is listed on the New York Stock Exchange under the symbol “TLI”, today announced the financial position of the Fund as of June 30, 2010.

	Current Q				Previous Q				Prior Yr Q
	June 30, 2010				March 31, 2010				June 30, 2009
Total Assets (a)	$	183,672,296			$	183,273,345			$	168,814,363
Total Net Assets (a)	$	115,435,713			$	118,005,722			$	102,109,494
NAV Per Share of Common Stock (b)	$	11.65			$	11.91			$	10.30
Market Price Per Share	$	11.16			$	11.30			$	8.19
Premium / (Discount)		-4.21	%			-5.12	%			-20.49	%
Outstanding Shares		9,910,814				9,910,750				9,910,750
Total Net Investment Income (c)(d)	$	1,548,430			$	1,351,528			$	1,312,618
Total Net Realized/Unrealized Gain/(Loss) (c)	$	(2,853,744	)		$	4,587,547			$	21,454,991
Preferred Dividends Paid from Net Investment Income (c)	$	(30,807	)		$	(19,178	)		$	(43,116	)
Net Increase (Decrease) in Net Assets From Operations (c)	$	(1,336,121	)		$	5,919,897			$	22,724,493
Earnings per Common Share Outstanding
Total Net Investment Income (c)(d)	$	0.16			$	0.14			$	0.13
Total Net Realized/Unrealized Gain/(Loss) (c)	$	(0.29	)		$	0.46			$	2.16
Preferred Dividends Paid from Net Investment Income (c)	$	(0.00	)	*	$	(0.00	)	*	$	(0.00	)	*
Net Increase (Decrease) in Net Assets From Operations (c)	$	(0.13	)		$	0.60			$	2.29
Undistributed/(Overdistributed) Net Investment Income (e)	$	585,726			$	455,614			$	212,611
Undistributed/(Overdistributed) Net Investment Income
Per Share (e)	$	0.06			$	0.05			$	0.02
Loan Outstanding (e)	$	25,500,000			$	25,500,000			$	29,400,000
Preferred Shares Outstanding (e)	$	35,000,000			$	35,000,000			$	35,000,000

Footnotes:

(a)	The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock (“ARPS”) and use of borrowings; total net assets do not include either borrowings or the liquidation value of ARPS.
(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)	Excludes distributions paid to preferred stockholders from net investment income.
(e)	As of the period indicated above.
*	Amount represents less than $0.01 per share.

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.

LMP Corporate Loan 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 Citigroup Alternative Investments LLC, an indirect wholly-owned subsidiary of Citigroup Inc.

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 is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of the Fund.