January 9, 2018 / 9:52 PM / 7 months ago

BRIEF-Legg Mason Says Determined Carrying Value Of EnTrustPermal Indefinite-Life Fund Contracts Exceeds Fair Value

Jan 9 (Reuters) - Legg Mason Inc:

* LEGG MASON - DETERMINED $597 MILLION CARRYING VALUE OF ENTRUSTPERMAL INDEFINITE-LIFE FUND CONTRACTS EXCEEDS FAIR VALUE

* LEGG MASON - CARRYING VALUE OF ENTRUSTPERMAL INDEFINITE-LIFE FUND CONTRACTS EXCEEDING FAIR VALUE LEADS TO IMPAIRMENT CHARGE OF ABOUT $195 MILLION

* LEGG MASON SAYS CURRENTLY SEES IMPACT OF TAX REFORM TO RESULT IN ONE-TIME NON-CASH TAX BENEFIT OF ABOUT $215 MILLION IN Q3 FISCAL YEAR 2018 - SEC FILING Source text: (bit.ly/2DcUdAg) Further company coverage:

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