Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) Announces Completed Termination

Western Asset Municipal Defined Opportunity Trust Inc. (the “Fund”) announced today that the Fund terminated as scheduled on April 30, 2021. The proportionate interests of stockholders in the assets of the Fund were determined as of that date. The Fund’s liquidating distribution of $21.1993 per share is anticipated to be paid on or about May 5, 2021. Prior to the opening of business on May 3, 2021, the Fund ceased trading on the New York Stock Exchange.

The Fund, a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and is sub-advised by Western Asset Management Company, LLC (“Western Asset”), an affiliate of LMPFA. Both LMPFA and Western Asset are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (the “SEC”). These reports are available on the SEC’s website at www.sec.gov. Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Fund’s current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund’s filings with the SEC. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Category: Fund Announcement

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

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Fund Investor Services-1-888-777-0102