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Legg Mason Incorporated


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Peltz joins Legg Mason board as Trian buys stake

www.examiner.com | Oct 27, 2009

(AP Photo/Keith Srakocic, file) FILE - In this Aug. 16, 2006 file photo, Nelson Peltz of Trian Group, Heinz's second-largest investor, addresses shareholders during the annual meeting in Pittsburgh. Legg Mason Inc. said Monday, Oct.

http://www.examiner.com/a-2288477~Peltz_joins_Legg_Mason_board_as_Trian_buys_stake.html?cid=rss-Business

Legg Mason to Elect Investor Peltz to Board

www.cnbc.com

Billionaire activist investor Nelson Peltz will be elected to Legg Mason's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.

http://www.cnbc.com//id/33477734

Legg Mason Earns $45.8 Million in Second Fiscal Quarter

www.mmexecutive.com | Oct 23, 2009

Sign up today and take advantage of member-only content the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.

http://www.mmexecutive.com/news/-199017-1.html

 

Western Asset High Income Fund Inc. Announces Financial Position as of September 30, 2009 - Zibb.com

Western Asset High Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "HIF", today announced the financial position of the Fund as of September 30, 2009.

                                                           Current Qtr         Previous Qtr   Prior Yr Qtr
                                                           September 30, 2009  June 30, 2009  September 30, 2008
Total Net Assets                                           $45,144,566         $40,015,230    $43,210,715
NAV Per Share of Common Stock (a)                          $8.74               $7.75          $8.41
Market Price Per Share                                     $9.06               $7.70          $6.64
Premium / (Discount)                                       3.66%               (0.65)%        (21.05)%
Outstanding Shares                                         5,165,973           5,160,432      5,140,713
Total Net Investment Income (b)                            $1,156,135          $1,075,541     $1,096,464
Total Net Investment Income Per Share (b)                  $0.22               $0.21          $0.21
Total Net Realized/Unrealized Gain/(Loss) (b)              $5,087,306          $7,039,763     $(5,979,689)
Total Net Realized/Unrealized Gain/(Loss) Per Share (b)    $0.98               $1.36          $(1.16)
Undistributed Net Investment Income (c)                    $830,299            $835,480       $694,424
Undistributed Net Investment Income
Per Share (c)                                              $0.16               $0.16          $0.14
Footnotes:
(a)    NAVs are calculated as of the close of business on the last business
       day in the periods indicated above.
(b)    For the quarter indicated.
(c)    As of the period indicated above.

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 High Income Fund Inc., a diversified, closed-end 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 Western Asset Management Company, an affiliate of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's website at www.leggmason.com/cef.

All data and commentary provided within this press release is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of the Fund. The Fund's common shares are traded on the New York Stock Exchange.

SOURCE: Western Asset High Income Fund Inc.

Legg Mason & Co., LLC 
Brenda Grandell, 1-212-857-8087 
Director, Closed-End Funds

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Tags: advisor   annual report   business   investment   market   schedule  

Companies: Salomon Brothers High Income Fund, Inc. (HIF)

 

Mark R. Fetting to Present at the 2009 Bank of America Merrill Lynch Banking & Financial Services

Mark R. Fetting, Chairman and CEO of Legg Mason, Inc. (NYSE: LM), is scheduled to speak at the 2009 Bank of America Merrill Lynch Banking & Financial Services Conference in New York City on Wednesday, November 11th at approximately 11:20 a.m. E.S.T.

Both live and on-demand versions of the audio webcast will be available. A link to the presentation slides and webcast will be accessible through the firm's Web site at leggmason.com under the "Investor Relations" section. The on-demand audio webcast will be available shortly after the presentation for a period of two weeks.

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    About Legg Mason

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Legg Mason is a global asset management firm with $703 billion in assets under management as of September 30, 2009. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

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SOURCE: Legg Mason, Inc.

Mary Athridge of Legg Mason, Inc., +1-212-805-6035, mkathridge@leggmason.com Web
Site: http://www.leggmason.com

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Tags: bank   banking   ceo   conference   financial services   new_york   nyse   web  

Companies: Legg Mason, Inc. (LM)

 

Legg Mason (LM) Upgrade Alert, Watch for 112.9% Technical Uptrend Continuation - Zibb.com

Legg Mason (NYSE:LM) upgraded to Neutral from Underperform at Credit Suisse. The stock closed yesterday at $30.71 on volume of 4,784,900 shares, above average daily volume of 2,975,423.

Legg Mason is currently above its 50-day moving average of $29.79 and above its 200-day moving average of $22.31.

SmarTrend is bullish on shares of LM and our subscribers received an Uptrend alert on March 13, 2009 at $14.43, which has returned 112.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

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Tags: market   nyse   securities  

Companies: Legg Mason, Inc. (LM)

 

Legg Mason To Elect Nelson Peltz to Board of Directors - Zibb.com

Legg Mason, Inc. (NYSE: LM) announced today that Nelson Peltz, Chief Executive Officer and a founding partner of Trian Fund Management, L.P., ("Trian Partners") will be elected to the Company's Board of Directors, expanding the Board to 14 members, including 13 independent directors. He will be elected on Tuesday, October 27, 2009.

Mark R. Fetting, Legg Mason's Chairman and Chief Executive Officer, said, "We welcome Nelson, whose firm is a significant investor in Legg Mason, as the newest member of our Board of Directors. We look forward to benefiting from his insights and experience as we work together to build greater value for our clients and our shareholders."

Mr. Peltz commented, "Over the past several months, my colleagues and I have been engaged in constructive dialogue with Mark Fetting and other members of the Legg Mason management team. We share their view that Legg Mason's recent strategic initiatives are improving the Company's operating performance and I look forward to contributing as a Board member and working with the management team and the Board to help this great company achieve its full potential."

Mr. Peltz also serves as a director of H. J. Heinz Company, is non-executive Chairman of the Board of Wendy's/Arby's Group, Inc. (formerly Triarc Companies, Inc.) and is Chairman of the Board of Trian Acquisition I Corp. From April 1993 through June 2007, he served as Chairman and Chief Executive Officer of Triarc, which during that period of time owned Arby's Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses.

The addition of Mr. Peltz to the Board reflects an agreement between Legg Mason and Trian Fund Management, L.P., certain funds managed by it and certain of its affiliates. In addition, pursuant to the agreement, Trian Partners has agreed to vote its shares in favor of Legg Mason's director nominees as provided in the agreement and made certain other commitments. The full text of the agreement with Trian Partners is available to the public as an Exhibit to the Form 8-K that the company is filing with the Securities and Exchange Commission.

Trian Partners owns 6,946,756 shares, or approximately 4.3% of Legg Mason's outstanding common stock.

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    About Legg Mason
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Legg Mason is a global asset management firm, with $703 billion in assets under management as of September 30, 2009. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

This release contains forward-looking statements subject to risks, uncertainties and other factors that may cause actual results to differ materially. For a discussion of these risks and uncertainties, see "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Legg Mason's Annual Report on Form 10-K for the fiscal year ended March 31, 2009.

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SOURCE: Legg Mason, Inc.

Media, Mary Athridge, +1-212-805-6035; or Investors, Alan Magleby,  +1-410-454-5246
Web Site: http://www.leggmason.com

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Tags: acquisition   annual report   ceo   consumer   executive   industrial   nyse  

Companies: Legg Mason, Inc. (LM)

 

Web Sites

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Footnoted Ferrets Out Legg Mason Foolishness

www.cjr.org

The excellent business site Footnoted, run by Michelle Leder, makes a nice catch today on executive compensation. Leder's m.o. is digging through securities filings to come up with the good parts, and she gets that here. She finds Legg Mason twisting this way and that to justify paying its CEO a

http://www.cjr.org/the_audit/footnoted_ferrets_out_legg_mas.php

Legg Mason Investments: Legg Mason Investments

Legg Mason Investments provides a variety of UK domiciled and Dublin domiciled mutual funds that span fixed income and equity markets around the world. To access information on these funds, please click on the button below.

http://www.leggmason.co.uk/

Super Review - Legg Mason

www.superreview.com.au

AboutParent Company: Legg Mason IncorporatedYear Established: 1983Number of Employees: 61 In

http://www.superreview.com.au/directory/23764.aspx

Video: Inside Look - Legg Mason Midyear Investment Outlook - Zibb.com

www.zibb.com

Interview with Steven Bleiberg of Legg Mason Global Asset Allocation (Bloomberg News) http://www.clipsyndicate.com/video/playlist/1998/1002527?cpt=8&wpid=523

http://www.zibb.com/article/5364161/Video+Inside+Look+Legg+Mason+Midyear+Investment+Outlook

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Legg Mason Incorporated (LM) Company Profile - CorporateInformation ...

www.corporateinformation.com

Legg Mason Incorporated. The Group's principal activity is to provide investment management and related services to institutional and individual clients, company-sponsored mutual ...

http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=524901105

Legg Mason Incorporated Company Profile - LM UNITED STATES Market Size ...

wrightreports.ecnext.com

Legg Mason Incorporated. The Group's principal activity is to provide investment management and related services to institutional and individual clients, company-sponsored mutual ...

http://wrightreports.ecnext.com/coms2/reportdesc_COMPANY_524901105

Legg Mason Information | Business.com

www.business.com

Legg Mason Incorporated. The Group's principal activity is to provide investment management and related services to institutional and individual clients, company-sponsored mutual ...

http://www.business.com/directory/financial_services/asset_management/legg_mason_inc/

Legg Mason to Cut Up to 200 Jobs as Assets Decline - NYTimes.com

www.nytimes.com

Add to Portfolio. Legg Mason Incorporated; Go to your Portfolio » Legg Mason joins a growing list of asset managers that have cut nearly 4,000 ...

http://www.nytimes.com/2008/12/06/business/06legg.html