Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of December 2023, January and February 2024

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Legg Mason Partners Fund Advisor, LLC: Closed End Funds Declare Distributions for December 2023, January and February 2024. The distributions are part of the managed distribution policy aiming to maintain consistent distribution levels from income and capital gains. The funds' estimated sources of distributions and potential impacts on market price are detailed.

NEW YORK--(BUSINESS WIRE)-- Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy for the months of December 2023, January and February 2024.

The following dates apply to the distribution schedule below:

Month	Record Date	Ex-Dividend Date	Payable Date
December	12/21/2023	12/20/2023	12/29/2023
January	1/24/2024	1/23/2024	2/1/2024
February	2/22/2024	2/21/2024	3/1/2024

Ticker	Fund Name	Month	Amount		Change from Previous Distribution
SCD	LMP Capital and Income Fund Inc.a	December	$0.11300		-
		January	$0.11300
		February	$0.11300
BWG	BrandywineGLOBAL - Global Income Opportunities	December	$0.08000		-
	Fund Inc. a	January	$0.08000
		February	$0.08000
EMD	Western Asset Emerging Markets Debt Fund Inc. a	December	$0.08450		-
		January	$0.08450
		February	$0.08450
a Please see table below for each Fund’s estimated source of distributions.

Under the terms of each Fund’s managed distribution policy, each Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund’s investment portfolio. To the extent that sufficient distributable income is not available on a monthly basis, each Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years. The Board of Directors may modify, terminate or suspend the managed distribution policy at any time. Any such modification, termination or suspension could have an adverse effect on the market price of the Fund’s shares.

Based on the Funds’ tax accounting records, which also factor in currency fluctuations, each Fund’s estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Fund	Fiscal Year End		Income		Short-Term Capital Gains		Long-Term Capital Gains		Return of Capital
SCD	Nov 30		29.21%		-		-		70.79%	(a)
BWG	Oct 31		76.48%		-		-		23.52%	(a)
EMD	Dec 31		56.98%		-		-		43.02%	(b)
Sources of cumulative fiscal year-to-date distributions are estimated through February 29, 2024. Sources of cumulative fiscal year-to-date distributions are estimated through December 31, 2023. The sources of distributions for the two months ended February 29, 2024 are estimated to be 69.27% from income and 30.73% from return of capital.

The updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.

Shareholders should not draw any conclusions about each Fund’s investment performance from the amount of these distributions or from the terms of each Fund’s managed distribution policy. The amounts and sources of each Fund’s distributions to be reported will be estimates and will not be provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Funds.

The Funds’ common shares are traded on the New York Stock Exchange. Similar to stocks, Fund share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss. All investments are subject to risk, including the risk of loss.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114129607/en/

Investor Contact: Fund Investor Services 1-888-777-0102

Source: Franklin Resources, Inc. and Legg Mason Closed End Funds

FAQ

What are the distribution dates for the closed end funds?

The distribution dates for the closed end funds are December 29, 2023, February 1, 2024, and March 1, 2024.

What is the managed distribution policy of the funds?

Under the managed distribution policy, the funds aim to maintain consistent distribution levels derived from income and capital gains. If sufficient distributable income is not available, long-term capital gains and/or return of capital may be distributed.

What are the estimated sources of distributions for the funds?

The estimated sources of distributions for the funds include income, short-term capital gains, long-term capital gains, and return of capital.

How may a return of capital distribution occur?

A return of capital distribution may occur when some or all of the money invested in the fund is paid back to shareholders. It does not necessarily reflect the fund's investment performance.