Western Asset Funds Announce Change of Location of Special Meeting of Shareholders Scheduled to Be Held on July 14, 2020

NEW YORK--()--Each of the funds listed on Appendix A (each, a “Fund”, and, together, the “Funds”) announced today that, due to the public health impact of the coronavirus (“COVID-19”) pandemic and to support the health and safety of Fund shareholders, the location of the Special Meeting of Shareholders of each Fund, which are being held together for convenience, (the “Meeting”) has been changed. As previously announced, each Fund’s Meeting will be held on Tuesday, July 14, 2020 at 11:00 a.m. (Eastern Time). In light of public health concerns regarding COVID-19, the Meeting will be held in a virtual meeting format only. The Meeting will be accessible solely by means of remote communication.

As described in the proxy materials for the Meeting previously distributed, the Board of Directors/Trustees has fixed the close of business on April 15, 2020 as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting or any postponement or adjournment thereof. The Meeting will be held at the following Meeting website: http://www.meetingcenter.io/249604861. To participate in the Meeting, shareholders of each Fund must enter the following password: LMOE2020. Shareholders must also enter the control number found on their proxy card previously received. Shareholders may vote during the Meeting by following the instructions available on the Meeting website during the Meeting.

We encourage shareholders to access the Meeting website prior to the start time to allow ample time to log into the Meeting webcast and test their computer system. Accordingly, the Meeting website will become accessible to shareholders beginning at approximately 11:00 a.m. (Eastern Time) on July 13, 2020. For questions relating to participation at the Meeting by remote communication, please call the Computershare technical support number at (888) 888-0151.

If shares are held through an intermediary, such as a bank or broker, shareholders must register in advance to attend the Meeting. To register shareholders must submit proof of their proxy power (legal proxy) reflecting their Fund holdings along with their name and email address to Computershare Fund Services (“Computershare”). Shareholders may forward an email from their intermediary or send an image of their legal proxy to shareholdermeetings@computershare.com. Requests for registration must be received no later than 11:00 a.m. (Eastern Time) on July 9, 2020. Shareholders will receive a confirmation email from Computershare of the shareholder’s registration and a control number that will allow the shareholder to vote at the Meeting.

Shareholders are not required to attend the Meeting to vote on the proposals. Whether or not shareholders plan to attend the Meeting, each Fund urges shareholders to authorize a proxy to vote their shares in advance of the Meeting by one of the methods described in the proxy materials for the Meeting. In connection with the Meeting, the Funds have filed a definitive joint proxy statement (the “Proxy Statement”) with the Securities and Exchange Commission (the “SEC”). Shareholders are advised to read the Proxy Statement because it contains important information. The Proxy Statement is available on the Internet at https://www.proxy-direct.com/lmf-31280. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Meeting. The Proxy Statement and other documents filed by the Funds are also available for free on the SEC website, www.sec.gov.

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on such Fund’s current plans and expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund’s filings with the SEC. An investment in a Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Any data and commentary provided in this press release are for informational purposes only.

For more information, please call Investor Relations: 1-877-721-1926, or consult your Fund’s web site accessible at www.leggmason.com. The information contained on the Fund’s web site is not part of this press release. Hard copies of each Fund’s complete audited financial statements are available free of charge upon request by calling toll free at 1-877-721-1926.

Category: Fund Announcement

Appendix A

LEGG MASON PARTNERS INCOME TRUST

Western Asset Ultra-Short Income Fund

A (ARMZX); C (LWAIX); C1 (ARMGX); I (SBAYX); IS (ARMLX)

Western Asset Massachusetts Municipals Fund

A (SLMMX); C (SMALX); I (LHMIX)

Western Asset California Municipals Fund

A (SHRCX); C (SCACX); I (LMCUX); IS (SHRSX)

Western Asset Mortgage Total Return Fund

A (SGVAX); C (LWMSX); C1 (SGSLX); I (SGSYX); IS (LMBSX); 1 (SGVSX)

Western Asset Corporate Bond Fund

A (SIGAX); C (LWBOX); C1 (SBILX); I (SIGYX); P (LCBPX)

Western Asset Municipal High Income Fund

A (STXAX); C (SMHLX); I (LMHIX)

Western Asset Emerging Markets Debt Fund

A (LWEAX); A2 (WEMDX); C (WAEOX); FI (LMWDX); I (SEMDX); IS (LWISX)

Western Asset New Jersey Municipals Fund

A (SHNJX); C (SNJLX); I (LNJIX)

Western Asset Global High Yield Bond Fund

A (SAHYX); C (LWGOX); C1 (SHYCX); I (SHYOX); IS (LWGSX)

Western Asset New York Municipals Fund

A (SBNYX); C (SBYLX); I (SNPYX)

Western Asset Income Fund

A (SDSAX); C (LWSIX); C1 (SDSIX); I (SDSYX); IS (WAGIX)

Western Asset Oregon Municipals Fund

A (SHORX); C (SORLX); I (LMOOX)

Western Asset Intermediate Maturity California Municipals Fund

A (ITCAX); C (SIMLX); I (SICYX)

Western Asset Pennsylvania Municipals Fund

A (SBPAX); C (SPALX); I (LPPIX)

Western Asset Intermediate Maturity New York Municipals Fund

A (IMNYX); C (SINLX); I (LMIIX)

Western Asset Short Duration High Income Fund

A (SHIAX); C (LWHIX); C1 (SHICX); R (LWSRX); I (SHIYX)

Western Asset Intermediate-Term Municipals Fund

A (SBLTX); C (SMLLX); I (SBTYX); IS (SMLSX)

Western Asset Short Duration Municipal Income Fund

A (SHDAX); A2 (SHDQX); C (SHDLX); I (SMDYX); IS (SHDSX)

Western Asset Managed Municipals Fund

A (SHMMX); C (SMMCX); I (SMMYX); IS (SSMMX); 1 (SMMOX)

Western Asset Short-Term Bond Fund

A (SBSTX); C (LWSOX); C1 (SSTLX); R (LWARX); I (SBSYX); IS (LWSTX)

 

 

WESTERN ASSET FUNDS, INC.

Western Asset Core Bond Fund

A (WABAX); C (WABCX); C1 (LWACX); FI (WAPIX); R (WABRX); I (WATFX); IS (WACSX)

Western Asset Intermediate Bond Fund

A (WATAX); C (WATCX); R (WATRX); I (WATIX), IS (WABSX)

Western Asset Core Plus Bond Fund

A (WAPAX); C (WAPCX); C1(LWCPX); FI (WACIX); R (WAPRX); I (WACPX); IS(WAPSX)

Western Asset Macro Opportunities Fund

A (LAAAX); A2 (LAATX); C (LAACX); FI (LAFIX), I (LAOIX); IS (LAOSX)

Western Asset High Yield Fund

A (WAYAX); A2 (WHAYX); C (WAYCX); R (WAYRX); I (WAHYX); IS (WAHSX)

Western Asset Total Return Unconstrained Fund

A (WAUAX); A2 (WRTUX); C (WAUCX); FI (WARIX); R (WAURX); I (WAARX); IS (WAASX)

Western Asset Inflation Indexed Plus Bond Fund

A (WAFAX); C (WAFCX); C1(LWICX); FI (WATPX); R (WAFRX); I (WAIIX); IS(WAFSX)

 

 

 

LEGG MASON PARTNERS INSTITUTIONAL TRUST

Western Asset Institutional Government Reserves

L (LWPXX); Administrative (LGAXX); Institutional (INGXX); Investor (LGRXX)

Western Asset Premier Institutional U.S. Treasury Reserves

Capital (WADXX); Premium (WAEXX)

Western Asset Institutional Liquid Reserves

Administrative (LRAXX); Institutional (CILXX); Investor (LLRXX)

Western Asset Select Tax Free Reserves

Administrative (LFAXX); Investor (LTFXX); Select (CIFXX)

Western Asset Institutional U.S. Treasury Obligations Money Market Fund

Administrative (LAOXX); Institutional (LUIXX); Investor (LAIXX)

Western Asset SMASh Series C Fund (LMLCX)

Western Asset Institutional U.S. Treasury Reserves

Administrative (LTAXX); Institutional (CIIXX); Investor (LTRXX)

Western Asset SMASh Series EC Fund (to be renamed Western Asset SMASh Series Core Plus Completion Fund on or about August 11, 2020) (LMECX)

Western Asset Premier Institutional Government Reserves

Capital (WABXX); Premium (WACXX)

Western Asset SMASh Series M Fund (LMSMX)

Western Asset Premier Institutional Liquid Reserves

Capital (WAAXX)

Western Asset SMASh Series TF Fund (LSMSX)

 

 

LEGG MASON PARTNERS MONEY MARKET TRUST

Western Asset Government Reserves

A (SMGXX); A2 (SMTXX); N (LGMXX); Service (LGSXX

Western Asset Tax Free Reserves

A (LWAXX); N (CIXXX); Service (LXSXX)

Western Asset New York Tax Free Money Market Fund

A (LNAXX); N (CIYXX); Service (LNSXX)

Western Asset U.S. Treasury Reserves

N (CISXX); Service (LTSXX)

 

 

LEGG MASON PARTNERS PREMIUM MONEY MARKET TRUST

Western Asset Premium Liquid Reserves (CIPXX)

Western Asset Premium U.S. Treasury Reserves (CIMXX)

 

 

MASTER PORTFOLIO TRUST

Government Portfolio (n/a)

U.S. Treasury Obligations Portfolio (n/a)

Liquid Reserves Portfolio (n/a)

U.S. Treasury Reserves Portfolio (n/a)

Tax Free Reserves Portfolio (n/a)

 

 

 

LEGG MASON PARTNERS VARIABLE INCOME TRUST

Western Asset Core Plus VIT Portfolio

I (QLMHIX); II (LVITX)

Western Asset Variable Global High Yield Bond Portfolio

I (QLMYIX); II (QLMYTX)

 

Contacts

Media Contact:
Fund Investor Services, 1-877-721-1926

Contacts

Media Contact:
Fund Investor Services, 1-877-721-1926