MTT News and Press, Western Asset Municipal Defined Opportunity Trust Inc From 05/05/20

We have been overweight the municipal sector due to its higher-quality focus alongside attractive valuations. While stress has increased among state and local issuers who have taken on the burden of dealing with the current crisis, in aggregate the sector has entered the crisis in strong shape...

As financial markets recover from the sharp March drawdown, buoyed by monetary and fiscal support, some investors may be looking to lighten their positioning. In this article we expand upon our margin-of-safety CEF approach to identify funds that have remained resilient through this drawdown a...

Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) today announced the financial position of the Fund as of February 29, 2020. This financial data is unaudited. The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC&...

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO), ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR), BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG), LMP Capital and Income Fun...

Given the sharp and fast drawdowns we have seen in the CEF market over the last few weeks, the obvious question is what are the options available to income investors that allow them to stay in the market but limit the volatility of their portfolios. Our response to this question has typically ...

Author's note: This article was initially released to CEF/ETF Income Laboratory members on February 10, 2020. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus...

Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared their distributions for the months of March, April and May 2020. The following dates apply to the distribution schedule below: (a) Included in the March distribution is approximately $0...

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO), ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR), BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG), LMP Capital and Income Fund Inc. (...

Author's note: This article was released to members on Jan. 18, 2020, and data are from that report. Chemist's "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due dil...

At the start of January, PIMCO succumbed to the inevitable and cut distributions on a number of municipal closed-end funds. The move was emblematic in our view of a difficult market environment of low yields, flat curves, tight credit spreads, and higher cost of leverage than existed for most ...