Western Asset Middle Market Debt Fund Inc. Announces Distributions for December 2014

NEW YORK--()--Western Asset Middle Market Debt Fund Inc. (XWAMX) announces total distributions of $30.2761 per common share, comprised of $22.00 from income, $7.93 from short-term capital gains and $0.3461 from long-term capital gains. The fund had previously paid a quarterly distribution of $20.75 per share.

The distribution schedule appears below:

Month

 

Record Date

 

Ex-Date

 

Payable Date

 

Amount

 

Type

December

12/19/2014 12/26/2014 12/26/2014 $22.0000

Income*

December

12/31/2014 1/30/2015 1/30/2015 $ 7.9300

Short-Term

Capital Gain

December 12/31/2014 1/30/2015 1/30/2015 $0.3461 Long-Term

Capital Gain

 

* The Fund has increased its distribution rate to a level that better reflects the current level of income generated by the Fund’s investment portfolio.

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 2015, 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 Middle Market Debt Fund Inc., a non-diversified, closed-end management investment 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 about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only.

Contacts

For Western Asset Middle Market Debt Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

For Western Asset Middle Market Debt Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com