Western Asset Municipal Partners Fund Inc. Announces Financial Position as of February 29, 2016

NEW YORK--()--Western Asset Municipal Partners Fund Inc. (NYSE:MNP) today announced the financial position of the Fund as of February 29, 2016.

       

 

Current Q Previous Q Prior Yr Q
February 29, 2016 November 30, 2015 February 28, 2015
Total Assets (a) $ 250,775,506 $ 247,602,767 $ 246,565,623
Total Net Assets (a) $ 165,551,884 $ 163,230,261 $ 160,329,986
NAV Per Share of Common Stock (b) $ 17.03 $ 16.79 $ 16.50
Market Price Per Share $ 16.41 $ 15.51 $ 15.44
Premium / (Discount) (3.64)% (7.62)% (6.42)%
Outstanding Shares 9,719,063 9,719,063 9,719,063
 
Total Net Investment Income (c)(d) $ 1,924,509 $ 1,901,588 $ 2,077,937
Total Net Realized/Unrealized Gain/(Loss) (c) $ 2,534,856 $ 2,112,155 $ 1,285,515
Preferred Dividends Paid from Net Investment Income (c) $ (23,846) $ (14,790) $ (24,997)
Net Increase (Decrease) in Net Assets From Operations (c) $ 4,435,519 $ 3,998,953 $ 3,338,455
 

Earnings per Common Share Outstanding

Total Net Investment Income (c)(d) $ 0.20 $ 0.20 $ 0.21
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.26 $ 0.22 $ 0.13
Preferred Dividends Paid from Net Investment Income (c) $ (0.00) * $ (0.00) * $ (0.00) *
Net Increase (Decrease)in Net Assets From Operations (c) $ 0.46 $ 0.42 $ 0.34
 
Undistributed Net Investment Income (e) $ 3,720,585 $ 3,941,436 $ 4,585,761
Undistributed Net Investment Income
Per Share (e) $ 0.38 $ 0.41 $ 0.47
 
Preferred Shares Outstanding (e) $ 18,500,000 $ 18,500,000 $ 85,000,000
Variable Rate Demand Preferred Stock (e) $ 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.
* 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.

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

Western Asset Municipal Partners Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

Western Asset Municipal Partners Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com