Business Wire | Oct 26, 2020 08:01AM EDT

Western Asset Intermediate Muni Fund Inc. Announces Financial Position as of August 31, 2020

Oct. 26, 2020

NEW YORK--(BUSINESS WIRE)--Oct. 26, 2020--Western Asset Intermediate Muni Fund Inc. (NYSE: SBI) today announced the financial position of the Fund as of August 31, 2020.

Current Q Previous Q Prior Yr Q August 31, 2020 May 31, 2020 August 31, 2019Total Assets (a) $ 192,338,023 $ 186,631,608 $ 196,809,709

Total Net Assets (a) $ 143,192,592 $ 137,853,708 $ 146,601,583

NAV Per Share of Common $ 10.17 $ 9.79 $ 10.41 Stock (b)Market Price Per Share $ 9.07 $ 8.54 $ 9.29

(10.82 ) (12.77 ) (10.76 )Premium / (Discount) % % %

Outstanding Shares $ 14,082,315 $ 14,082,315 $ 14,082,315

Total Net Investment $ 1,116,439 $ 1,154,757 $ 1,295,103 Income (c)(d)Total Net Realized/ $ 5,240,644 $ (11,056,378 ) $ 3,383,163 Unrealized Gain/(Loss)(c)Preferred Dividends Paid $ (25,396 ) $ (188,230 ) $ (197,087 )from Net InvestmentIncome (c)Net Increase (Decrease) $ 6,331,687 $ (10,089,851 ) $ 4,481,179 in Net Assets FromOperations (c) Earnings per Common ShareOutstandingTotal Net Investment $ 0.08 $ 0.08 $ 0.09 Income (c)(d)Total Net Realized/ $ 0.37 $ (0.79 ) $ 0.24 Unrealized Gain/(Loss)(c)Preferred Dividends Paid $ (0.00 ) $ (0.01 ) $ (0.01 )from Net Investment ?Income (c)Net Increase (Decrease) $ 0.45 $ (0.72 ) $ 0.32 in Net Assets FromOperations (c) Undistributed Net $ (54,936 ) $ (153,864 ) $ (7,784 )Investment Income (e)Undistributed NetInvestment IncomePer Share (e) $ (0.00 ) ? $ (0.01 ) $ (0.00 ) ?

Auction Rate Preferred $ 600,000 $ 600,000 $ 600,000 Stock (e)Variable Rate Demand $ 47,400,000 $ 47,400,000 $ 47,400,000 Preferred Stock (e)Footnotes:

(a)

The difference between the Fund's total assets and total net assets is due primarily to its outstanding auction rate preferred stock ("ARPS") and variable rate demand preferred stock ("VRDPS"); total net assets do not include the liquidation value of ARPS and VRDPS.

(b)

NAVs are calculated as of the close of business on the last business day in the periods indicated above.

(c)

For the quarter indicated.

(d)

Excludes distributions paid to preferred stockholders from net investment income.

(e)

As of the date indicated above.

?

Amount represents less than $0.01 per share.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission ("SEC"), as well as its completeschedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.These reports are available on the SEC's website at www.sec.gov. To obtain information on Forms N-PORT or asemi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

On July 31, 2020, Franklin Resources, Inc. ("Franklin Resources") acquired Legg Mason, Inc. ("Legg Mason") in an all-cash transaction. As a result of the transaction, Legg Mason Partners Fund Advisor, LLC, previously a wholly owned-subsidiary of Legg Mason, became a wholly-owned subsidiary of Franklin Resources.

Western Asset Intermediate Muni Fund Inc., a diversified closed-end investment management company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

For more information about the Fund, please call 1-888-777-0102 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. Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Category: Financials

Source: Franklin Resources, Inc.

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CONTACT: Investors: Fund Investor Services 1-888-777-0102