Legg Mason Affiliated Closed-End Funds Conference Call

Closed-end funds that are affiliated with Legg Mason, Inc. (“Legg Mason”) and are advised or sub-advised by Western Asset Management have issued manager commentary. The commentary provides the respective portfolio manager’s views on the current market and their outlook for the remainder of 2011.

Portfolio managers from Western Asset Management Company, a Legg Mason affiliate, participated in the live quarterly update on August 18, 2011. The call featured the following speakers:

• Mark Lindbloom – Portfolio Manager, Market Overview
• David Fare – Portfolio Manager, Municipals
• Peter Stutz – Portfolio Manager & Research Analyst, Treasury Inflation-Protected Securities (TIPS)
• Keith Gardner – Head of Developing Markets, Emerging Markets Debt
• Chris Kilpatrick – Research Analyst, Credit Markets

Investors can access a replay of this call by phone or by visiting our website:

Phone:

        
        
           
        
        
           
        
        
           
        
        
           
        
        
        
      
      
        
          Dial-in number:
        
        
        
        
        
        
        
        
        
        
          

USA Toll Free Number:              866-430-8618

        
      
      
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          Passcode:
        
        
        
        
        
        
        
        
        
        
          92986173
        
      
      
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Entire Call – Option 1
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Introduction – Option 2
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Mark Lindbloom – Option 3
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          David Fare – Option 4
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Peter Stutz – Option 5
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Keith Gardner – Option 6
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Chris Kilpatrick – Option 7
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Important Disclosures – Option 8
        
      
      
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Web site:

www.leggmason.com/cef

Replay on the Web site will be provided in its entirety or in segments

based on individual speakers.

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, including: Western Asset Management Company and Western Asset Management Company Limited.

Legg Mason affiliates comprise the 6th largest closed-end fund managers in the U.S., with $11.5 billion in assets under management as of June 30, 2011.

All data and commentary provided is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in the sale of shares of the funds.

SYMBOLS:

NYSE: DMO; EHI; EMD; ESD; GDF; GDO; GFY; HIF; HIO; HIX; HYI; IGI; IMF; MHF; MHY; MMU; MNP; MTT; PAI; SBW; SCD; WEA

NYSE Amex: SBI