Zenix Income Fund Incorporated
News and Blogs
Total : 1 View more »
Bloomberg.com: Investment Tools
In addition, Western Asset Zenix Income Fund Inc. (NYSE: ZIF) announced today that it will submit to its shareholders a proposal to merge with Western Asset High Income Fund II Inc. (NYSE: HIX).
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=LM:US&sid=aHehcUoPEDHA
News from Zibb.com
Total : 7 View more »
Western Asset Managed Municipals Fund Inc. as of June 30, 2008 - Zibb.com
NEW YORK, Jul 24, 2008 (BUSINESS WIRE) --
Western Asset Managed Municipals Fund Inc. (NYSE: MMU) announces its portfolio composition as of June 30, 2008.
Investment Objective: The Fund seeks as high a level of current income exempt from Federal income tax as is consistent with preservation of principal.
Portfolio Composition*:
Asset Allocation ----------------------------------------------------- Municipals 99.8% Cash & Other Securities 0.2% Top Ten Municipal Sectors ----------------------------------------------------- Pre-Refunded 32.2% Health Care 19.3% Industrial Revenue 14.0% Housing 9.1% Transportation 5.4% Special Tax 4.3% Local 4.0% Education 3.3% Water & Sewer 2.5% Power 2.4% Credit Quality Allocation (Higher of S&P/Moody/Fitch) ----------------------------------------------------- Aaa/AAA 47.3% Aa/AA 31.3% A/A 15.1% Baa/BBB 3.1% Ba/BB 1.0% B/B 1.9% Caa/CCC 0.3% Call Statistics ----------------------------------------------------- Not Callable 1.5% 2008 4.9% 2009 9.7% 2010 9.9% 2011 10.4% 2012 14.4% 2013 9.6% 2014 1.6% 2015 0.4% 2016 2.9% 2017 6.3% 2018 28.4% Average Coupon (%) 5.5 Average Life (years) 10.1 Effective Duration (years) 6.4 Average Credit Quality (S&P) AA-
Portfolio Statistics: ----------------------- Inception Date June 26, 1992 Inception Price $12.00 Total Net Assets $494,047,037 Market Price $10.87 NAV $11.79 (Daily NAV is available on market quotation systems using the symbol XMMUX.) Distribution Rate $0.0450 per share Frequency Monthly (Declared quarterly, paid monthly) Leverage** 33.60%
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.
Western Asset Managed Municipals Fund Inc., a non-diversified closed-end investment management company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management, an affiliate of the adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Relations at 888-777-0102 or consult the Fund's web site at www.leggmason.com/cef.
SOURCE: Western Asset Managed Municipals Fund Inc.
Western Asset Managed Municipals Fund Inc. Investor Relations, 888-777-0102 www.leggmason.com/cef
Tags: advisor education federal health housing industrial investment local market nyse revenue S&P securities statistics tax transportation water web
Companies: Managed Municipals Portfolio, Inc. (MMU)
Western Asset Municipal Partners Fund Inc. as of June 30, 2008 - Zibb.com
NEW YORK, Jul 24, 2008 (BUSINESS WIRE) --
Western Asset Municipal Partners Fund Inc. (NYSE: MNP) announces its portfolio composition as of June 30, 2008.
Investment Objective: The Fund seeks as high a level of current income exempt from regular Federal income tax as is consistent with preservation of principal.
Portfolio Composition*: Asset Allocation ------------------------- Municipals 99.9% Cash & Other Securities 0.1% Top Ten Municipal Sectors ------------------------- Health Care 20.3% Transportation 14.0% Pre-Refunded 13.9% Industrial Revenue 12.2% Water & Sewer 11.7% Special Tax 10.0% Local 6.7% Power 4.6% Lease 2.1% Education 1.8% Credit Quality Allocation (Higher of S&P/Moody/Fitch) ---------------------------------------------------------------------- Aaa/AAA 37.9% Aa/AA 39.7% A/A 14.9% Baa/BBB 7.2% Ba/BB 0.2% B/B 0.1% Call Schedule ------------------------- Not Callable 3.9% 2008 15.6% 2009 7.6% 2010 13.4% 2011 6.3% 2012 7.0% 2013 3.2% 2014 4.8% 2015 9.0% 2016 1.7% 2017 13.7% 2018 13.8% Average Coupon (%) 5.5 Average Life (years) 11.3 Effective Duration (years) 7.3 Average Credit Quality AA (S&P) Portfolio Statistics: Inception Date January 29, 1993 Inception Price $15.00 Total Net Assets $143,692,158 Market Price $12.45 NAV $14.05 (Daily NAV is available on market quotation systems using the symbol XMNPX) Distribution Rate $0.0500 per share Frequency Monthly (Declared quarterly, paid monthly) Leverage** 37.17%
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.
Western Asset Municipal Partners Fund Inc., a diversified closed-end investment management company, is advised 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 adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Services at 888-777-0102 or consult the Fund's web site at www.leggmason.com/cef.
SOURCE: Western Asset Municipal Partners Fund Inc.
Western Asset Municipal Partners Fund Inc. Investor Services, 888-777-0102 www.leggmason.com/cef.
Tags: advisor education federal health industrial investment local market nyse revenue S&P schedule securities statistics tax transportation water web
Companies: Municipal Partners Fund, Inc. (MNP)
Western Asset Zenix Income Fund Inc. as of June 30, 2008 - Zibb.com
NEW YORK, Jul 24, 2008 (BUSINESS WIRE) --
Western Asset Zenix Income Fund Inc. (NYSE: ZIF) announces its portfolio composition as of June 30, 2008.
Investment Objective: The Fund seeks high current income.
Portfolio Composition*:
Asset Allocation
---------------------------
High Yield 88.1%
Investment Grade 7.9%
Emerging Markets 3.6%
Non-Investment Grade 2.6%
US Dollar 2.0%
Local Currency 0.6%
Investment Grade 1.0%
US Dollar 1.0%
Cash & Other Securities 0.4%
Credit Quality Allocation (Higher of S&P/Moody/Fitch)
----------------------------------------------------------------------
Aaa/AAA 0.4%
Aa/AA 0.5%
A/A 1.6%
Baa/BBB 6.8%
Ba/BB 24.5%
B/B 49.7%
Caa/CCC 16.5%
Top Ten High Yield Industries
----------------------------------------------------------------------
Consumer Cyclical 14.6%
Communications 12.3%
Capital Goods 9.9%
Electric 9.6%
Consumer Non Cyclical 8.9%
Basic Industry 8.8%
Energy 7.0%
Transportation 3.9%
Natural Gas 3.7%
Technology 3.4%
Average Life (years) 8.2
Effective Duration (years) 4.7
Average Credit Quality B
(S&P)
Portfolio Statistics:
Inception Date April 27, 1988
Inception Price $10.00
Total Net Assets $46,613,311
Market Price $2.32
NAV $2.46
(Daily NAV is available on market quotation systems using the symbol
XZIFX.)
Distribution Rate $0.0210 per share
Frequency Monthly (Declared quarterly, paid monthly)
Leverage** 42.89%
* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.
** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.
Western Asset Zenix Income Fund Inc., a diversified investment management company, is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company and Western Asset Management Company Limited, affiliates of the adviser.
Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.
For more information, please call Fund Investor Services at 888-777-0102, or consult the Fund's web site at www.leggmason.com/cef.
SOURCE: Western Asset Zenix Income Fund Inc.
Western Asset Zenix Income Fund Inc. Fund Investor Services, 888-777-0102
Tags: advisor communications consumer currency energy investment local market natural gas nyse S&P securities statistics technology transportation us dollar web
Companies: Zenix Income Fund, Inc. (ZIF)
Western Asset Zenix Income Fund Inc. Declares Distribution, Suspends Distribution Reinvestment
NEW YORK, Sep 11, 2008 (BUSINESS WIRE) --
Western Asset Zenix Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "ZIF," today announced a distribution from ordinary income of $0.0897 per common share payable September 23, 2008, to shareholders of record as of September 19, 2008, with an ex-dividend date of September 17, 2008. This distribution includes the Fund's regular monthly distribution of $0.0210 per common share as well as a distribution of $0.0687 per common share from undistributed net investment income that is being paid to common shareholders prior to the Fund's merger with and into Western Asset High Income Fund II Inc. (NYSE: HIX) effective prior to the opening of business on September 24, 2008.
Western Asset Zenix Income Fund Inc. will merge with and into Western Asset High Income Fund II Inc. following the close of business on September 23, 2008. Effective with the opening of business on September 24, 2008, shareholders of Western Asset Zenix Income Fund Inc. will become shareholders of Western Asset High Income Fund II Inc.
In order to facilitate this transaction, Western Asset Zenix Income Fund Inc. will suspend its distribution reinvestment plan for the month of September 2008, and distribution reinvestment plan participants will instead receive cash payments. Any shareholder that is a participant in the Western Asset Zenix Income Fund Inc. distribution reinvestment plan will automatically become re-enrolled in the distribution reinvestment plan for Western Asset High Income Fund II Inc. Any investor who is not currently a plan participant but wishes to become one may either contact American Stock Transfer and Trust Company, in writing at 59 Maiden Lane, New York, NY 10038 or by telephone at 1-877-248-6417, or speak with his or her financial advisor.
This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2009, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).
Western Asset Zenix Income Fund Inc. and Western Asset High Income Fund II Inc. are diversified, closed-end management investment companies managed by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and sub-advised by Western Asset Management Company, an affiliate of the Investment Adviser.
Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.leggmason.com/cef.
SOURCE: Western Asset Zenix Income Fund Inc.
Legg Mason & Co., LLC Brenda Grandell, 212-857-8087 Director, Closed-End Funds
Tags: advisor business dividend investment merger new_york nyse tax web writing
Companies: Salomon Brothers High Income Fund II, Inc. (HIX), Zenix Income Fund, Inc. (ZIF)
News from Zibb.com
- Western Asset Managed Municipals Fund Inc. as of June 30, 2008 - Zibb.com
- Western Asset Municipal Partners Fund Inc. as of June 30, 2008 - Zibb.com
- Western Asset Zenix Income Fund Inc. as of June 30, 2008 - Zibb.com
- Western Asset Zenix Income Fund Inc. Declares Distribution, Suspends Distribution Reinvestment
Explore Related Products
Explore in Related Industries
- Zenix Income Fund Incorporated in:
- Finance & Tax (7)
- General Business (1)
