NEW YORK--(BUSINESS WIRE)--The LMP Corporate Loan Fund Inc. (NYSE:TLI) announced that effective April 1, 2016, it changed its name to Western Asset Corporate Loan Fund Inc. The Fund’s shares continue to trade under its existing New York Stock Exchange symbol “TLI”; however, its CUSIP has changed from 50208B100 to 95790J102.
Also effective April 1, 2016, Western Asset Management began serving as subadvisor for the Fund, providing day-to-day management services. Legg Mason Partners Fund Advisor, LLC continues to provide administrative and certain oversight services. The individuals providing portfolio management services have not changed and will continue to manage and execute the Fund’s investment program which remains unchanged. The overall management fee paid by the Fund for investment management services remains unchanged.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. 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.
For more information, please call Investor Relations at 1-888-777-0102, or consult the Fund’s website at www.lmcef.com. Media Contact: Maria Rosati – (212) 805-6036, mrosati@leggmason.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.