LMP Corporate Loan Fund Inc. as of March 31, 2010
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http://www.businesswire.com/news/home/20100422006915/en
NEW YORK--(Business Wire)--
LMP Corporate Loan Fund Inc. (NYSE: TLI) announces its portfolio composition as
of March 31, 2010.
Investment Objective: The Fund`s investment objective is to maximize current
income consistent with prudent efforts to preserve capital.
Portfolio Composition*:
Asset Allocation
Collateralized Senior Loans 94.2%
Corporate Bonds 3.1%
Short-Term 1.5%
Credit Quality Allocation (Moody`s)
Baa2 0.6 %
Baa3 7.3 %
Ba1 9.6 %
Ba2 14.1 %
Ba3 23.2 %
B1 21.5 %
B2 7.3 %
B3 11.3 %
Caa1 2.3 %
Caa2 1.1 %
Caa3 0.6 %
D 0.6 %
NR 0.6 %
Top Ten Industries
Business Equipment & Services 10.1 %
Health Care 8.7 %
Electronics 7.1 %
Building & Development 7.0 %
Oil & Gas 6.7 %
Chemicals & Plastics 6.2 %
Food Products 5.0 %
Leisure 4.7 %
Publishing 4.2 %
Telecommunications 4.2 %
Average to next reset 48 days
Portfolio Statistics:
Inception Date November 20, 1998
Inception Price $15.00
Total Assets $178,515,608
Net Assets** $118,015,608
Loans*** 14.28%
Preferred Shares*** 19.61%
Reverse Repos*** 0.00%
Market Price $11.30
NAV $11.91
(Daily NAV is available on market quotation systems using the symbol XTLIX.)
Distribution Rate $0.0440 per share
Frequency Monthly (Declared monthly, paid monthly)
* Portfolio holdings and weightings are historical and are presented here for
informational purposes only. They are subject to change at any time.
** The difference between total assets and net assets, if any, is due primarily
to the Fund`s use of borrowings and other assets and liabilities; net assets do
not include borrowings. The Fund may employ leverage in the form of loans,
preferred stock, reverse repurchase agreements and/or other instruments. When
the Fund engages in transactions that have a leveraging effect on the Fund`s
portfolio, the value of the Fund will be more volatile and all other risks will
tend to be compounded.
*** Percentages based on total assets.
LMP Corporate Loan Fund Inc., a non-diversified investment management company,
is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary
of Legg Mason, Inc. and is sub-advised by Citigroup Alternative Investments LLC,
an indirect wholly-owned subsidiary of Citigroup Inc.
An investment in the Fund involves risk, including loss of principal. Investment
return and the value of shares will fluctuate. Fixed income securities are
subject to credit risk, inflation risk, call risk, and interest rate risks.
FN0911780
LMP Corporate Loan Fund Inc.
1-888-777-0102
www.leggmason.com/cef
Copyright Business Wire 2010
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