Western Asset Corporate Loan Fund Inc. Announces Modification of Investment Policy

Author's Avatar
May 14, 2020
Article's Main Image

Western Asset Corporate Loan Fund Inc. (NYSE: TLI) announced today that the Fund has modified its investment policy relating to investments in collateralized senior loans. Effective today, under normal market conditions, the Fund invests at least 80% of managed assets in collateralized senior loans. "Managed assets" means net assets of the Fund plus the amount of any borrowings and assets attributable to any preferred stock that may be outstanding. Previously, the Fund, under normal market conditions, invested at least 80% of total assets in collateralized senior loans.