52 Week Range
As of on the New York Stock Exchange ∙ Minimum 15 minute delay
Western Asset Municipal Defined Opportunity Trust Inc:Announced resignation of Kenneth D. Fuller as chairman, chief executive officer and president effective July 31.Announced appointment of Jane Trust as chairman, chief executive officer and president effective August 1.
Western Asset Municipal Defined Opportunity Trust Inc reported in its Form 8-K announcing the retirement of R. Jay Gerken as director, Chairman, Chief Executive Officer (CEO) and President of certain closed-end funds advised by Legg Mason Partners Fund Advisors, LLC (LMPFA), effective June 1, 2013, and announcing the appointment of Kenneth D. Fuller as a member of the Board of Directors of each respective closed-end fund, effective June 1, 2013. In addition, the Board of Directors of each respective closed-end fund has appointed Mr. Fuller as the Chairman, Chief Executive Officer (CEO) and President of each closed-end fund.
Western Asset Municipal D Opp Trust Inc. announced the successful completion of its initial public offering (IPO). The Fund raised approximately $250.5 million in its common share offering, assuming full exercise of the underwriters’ overallotment option, which may or may not occur. The Fund is a newly organized, non-diversified closed-end management investment company and its shares will begin trading today on the New York Stock Exchange under the symbol MTT. The underwriting syndicate was led by Wachovia Capital Markets, LLC and Citigroup Global Markets Inc. The Fund is managed by Legg Mason Partners Fund Advisor, LLC (LMPFA), a wholly owned subsidiary of Legg Mason, Inc. (Legg Mason), and is sub-advised by Western Asset Management Company (Western Asset), an affiliate of LMPFA. Western Asset’s municipal bond fund team managed approximately $38 billion in municipal securities as of December 31, 2008.
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