GFY News and Press, Western Asset Variable Rate Strategic Fund Inc. From 11/19/20

TLI and GFY are due to liquidate in two weeks' time. High-probability/low-risk potential of ~0.30% profit for a two-week holding period (~7% annualized). Risks of this strategy are discussed. For further details see: Small Change Profit Idea From TLI/GFY Liquidations

Western Asset Variable Rate Strategic Fund Inc. (the “Fund”) (NYSE: GFY) announced today the results of the votes cast at the special meeting of stockholders held on November 13, 2020. Stockholders voted to approve the liquidation and dissolution of the Fund pursuant t...

Six of eight indexes on our world watch list posted losses through September 28, 2020. The top performer is China's Shanghai with a gain of 5.49%. Coming in last is London's FTSE 100 with a loss of 21.41%. For further details see: World Markets Update: September 28, 2020...

The weak trend in global trade and growth will not be enough to support risky assets such as equities in the coming months. The recent 10%+ consolidation in equities clearly shows how vulnerable is the market currently 'without' central banks and governments' help. Leading indicat...

Western Asset Variable Rate Strategic Fund (GFY) had declared $0.0775/share monthly dividend, in line with previous.Payable Oct. 1; for shareholders of record Sept. 23; ex-div Sept. 22.Payable Nov. 2; for shareholders of record Oct. 23; ex-div Oct. 22.Payable Dec. 1; for shareholders of recor...

Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY) today announced the financial position of the Fund as of June 30, 2020.   Footnotes: (a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net ass...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of September, October, and November 2020. The following dates apply to the distribution schedule below: This press release is not for tax reporting purp...

Western Asset Variable Rate Strategic Fund Inc. (the “Fund”) announced today that the Fund’s Board of Directors (the “Board”) has set a record date of September 18, 2020 for determining those stockholders of the Fund entitled to notice of and to vote at the ...

Author’s note: This article was released to members of CEF/ETF Income Laboratory on August 3, 2020. Franklin Resources acquires Legg Mason CEFs Activists in certain Legg Mason (LM) funds continue to hold out. Remember, when Franklin Resources (BEN) acquired Legg Mason, sharehold...

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