Business Wire | Nov 18, 2020 03:29PM EST

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy

Nov. 18, 2020

NEW YORK--(BUSINESS WIRE)--Nov. 18, 2020--Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.

The following dates apply to the distribution schedule below:

Month Record Date Ex-Dividend Date Payable Date

December 12/23/2020 12/22/2020 12/31/2020

January* 1/22/2021 1/21/2021 2/1/2021

February 2/19/2021 2/18/2021 3/1/2021

*BrandywineGLOBAL - Global Income Opportunities Fund Inc.'s ("BWG") January 2021 distribution will have a record date of12/31/2020, an ex-dividend date of 12/30/2020 and a payable date of 1/29/2021.

Change fromTicker Fund Name Month Amount Previous Distribution

SCD LMP Capital and Income Fund Inc.^a December $0.26000 ^ (0.050000) b



BWG BrandywineGLOBAL - Global Income December $0.07500 0.005000 Opportunities Fund Inc. ^a

January* $0.07500

February $0.07500

EMD Western Asset Emerging Markets Debt December $0.09000 (0.005000) Fund Inc.^ a

January $0.09000

February $0.09000

(a) Please see table below for each Fund's estimated source of distributions. (b) Quarterly paying distribution. *BWG's January 2021 distribution will have a record date of 12/31/2020, an ex-dividend date of 12/30/2020 and a payable date of 1/29/2021.

Under the terms of each Fund's managed distribution policy, the Fund seeks to maintain a consistent distribution level derived from the income and capital gains generated from the Fund's investment portfolio. Shareholders should note that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distributions paid, the difference will be distributed from the Fund's assets and may constitute a return of the shareholder's capital. 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.

Each Fund's distributions have been set based on the current level of income generated from the Fund's investment portfolio and accumulated capital gains, if any. Based on the Funds' tax accounting records, which also factors in currency fluctuations, each Fund's estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Fiscal Short-Term Long-Term ReturnFund Year Income Capital Capital of End Gains Gains Capital

SCD Nov 30 12.70% - - 87.3% ^(a)

BWG Oct 31 100.00% - - - ^(b)

EMD Dec 31 100.00% - - - ^(c)

(a) Sources of cumulative fiscal year-to-date distributions are estimated through December 31, 2020. (b) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2021. (c) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2021. Cumulative fiscal year-to-date distributions are estimated to be 91.65% sourced from income and 8.35% from a return of capital through December 31, 2020.

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.

This press release is not for tax reporting purposes but is being provided to announce the amount of each Fund's distributions that have been declared by the Board of Directors. In early 2021 and early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

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.

For more information about the Funds, please call 1-888-777-0102 or consult the Funds' web site at www.lmcef.com. 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.

Category: Distribution Related

Source: Franklin Templeton

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