LMP Corporate Loan Fund Inc. (NYSE: TLI) announces its portfolio composition as of September 30, 2009.
Investment Objective: The Fund''s investment objective is to maximize current income consistent with prudent efforts to preserve capital.
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Portfolio Composition*: | ||||
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Asset Allocation | ||||
Collateralized Senior Loans | 96.7% | |||
Corporate Bonds | 1.4% | |||
Short-Term | 1.9% | |||
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Credit Quality Allocation (Moody''s) | ||||
| Baa2 | 0.6% | |||
| Baa3 | 7.2% | |||
| Ba1 | 7.2% | |||
| Ba2 | 15.0% | |||
| Ba3 | 22.9% | |||
| B1 | 23.5% | |||
| B2 | 7.2% | |||
| B3 | 9.0% | |||
| Caa1 | 1.8% | |||
| Caa2 | 1.2% | |||
| Caa3 | 1.2% | |||
| D | 3.0% | |||
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Top Ten Industries | ||||
| Health Care | 10.7% | |||
| Business Equipment & Services | 9.4% | |||
| Electronics | 7.3% | |||
| Building & Development | 6.7% | |||
| Oil & Gas | 6.7% | |||
| Chemicals & Plastics | 5.9% | |||
| Leisure | 4.8% | |||
| Food Products | 4.6% | |||
| Publishing | 4.6% | |||
| Telecommunications | 4.2% | |||
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Average Credit Quality (Moody''s) | B1 | |||
Average to next reset | 45 days | |||
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Portfolio Statistics: | ||||
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Inception Date | November 20, 1998 | |||
Inception Price | $15.00 | |||
Total Assets | $171,733,431 | |||
Net Assets** | $111,233,431 | |||
Loans*** | 14.85% | |||
Preferred Shares*** | 20.38% | |||
Reverse Repos*** | 0.00% | |||
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Market Price | $9.72 | |||
NAV | $11.22 | |||
(Daily NAV is available on market quotation systems using the symbol XTLIX.) | ||||
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Distribution Rate | $0.0400 per share | |||
Frequency | Monthly (Declared monthly, paid monthly) | |||
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| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |
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| ** | 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. | |
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| *** | Percentages based on total assets. | |
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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. As interest rates rise, bond prices fall, reducing the value of the Fund''s share price.
Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund''s web site at www.leggmason.com/cef.
FN0911780
Contacts:
LMP Corporate Loan Fund Inc. (TLI)
1-888-777-0102