Western Asset Municipal Partners Fund Inc. Announces Financial Position as of August 31, 2017

NEW YORK--()--Western Asset Municipal Partners Fund Inc. (NYSE:MNP) today announced the financial position of the Fund as of August 31, 2017.

  Current Q   Previous Q   Prior Yr Q
August 31, 2017 May 31, 2017 August 31, 2016
Total Assets (a) $ 251,070,042 $ 245,498,286 $ 254,282,893
Total Net Assets (a) $ 161,719,063 $ 160,305,364 $ 169,016,373
NAV Per Share of Common Stock (b) $ 16.64 $ 16.49 $ 17.39
Market Price Per Share $ 15.82 $ 15.77 $ 17.32
Premium / (Discount) (4.93 )% (4.37 )% (0.40 )%
Outstanding Shares 9,719,063 9,719,063 9,719,063
 
Total Net Investment Income (c)(d) $ 1,844,149 $ 1,887,076 $ 1,939,248
Total Net Realized/Unrealized Gain/(Loss) (c) $ 1,770,630 $ 4,098,035 $ 2,194,219
Preferred Dividends Paid from Net Investment Income (c) $ (232,970 ) $ (218,697 ) $ (122,175 )
Net Increase (Decrease) in Net Assets From Operations (c) $ 3,381,809   $ 5,766,414   $ 4,011,292  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c)(d) $ 0.19 $ 0.19 $ 0.20
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.18 $ 0.42 $ 0.23
Preferred Dividends Paid from Net Investment Income (c) $ (0.02 ) $ (0.02 ) $ (0.01 )
Net Increase (Decrease)in Net Assets From Operations (c) $ 0.35   $ 0.59   $ 0.42  
 
Undistributed Net Investment Income (e) $ 1,963,132 $ 2,320,063 $ 3,165,131

Undistributed Net Investment Income Per Share (e)

$ 0.20 $ 0.24 $ 0.33
 
Auction Rate Preferred Stock (e) $ 18,500,000 $ 18,500,000 $ 18,500,000
Variable Rate Demand Preferred Stock (e) $ 66,500,000 $ 66,500,000 $ 66,500,000
Footnotes:
(a)   The difference between the Fund’s total assets and total net assets is due primarily to its outstanding of auction rate preferred stock (“ARPS”) and variable rate demand preferred stock (“VRDPS”); total net assets do not include the liquidation value of ARPS and VRDPS.
(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 date 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 Municipal Partners Fund Inc., a 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 adviser.

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. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Contacts

Media:
Legg Mason
Maria Rosati, 212-805-6036
mrosati@leggmason.com.

Contacts

Media:
Legg Mason
Maria Rosati, 212-805-6036
mrosati@leggmason.com.