Business Wire | Aug 19, 2020 04:05PM EDT

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

Aug. 19, 2020

NEW YORK--(BUSINESS WIRE)--Aug. 19, 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

September 9/23/2020 9/22/2020 10/1/2020

October 10/23/2020 10/22/2020 11/2/2020

November 11/20/2020 11/19/2020 12/1/2020

Change fromTicker Fund Name Month Amount Previous Distribution

SCD LMP Capital and Income Fund September $0.31000 ^ - Inc.^a b



BrandywineGLOBAL - GlobalBWG Income Opportunities Fund September $0.07000 Inc. ^a

October $0.07000 -

November $0.07000

EMD Western Asset Emerging September $0.09500 Markets Debt Fund Inc.^ a

October $0.09500 (0.00500)

November $0.09500

^(a) Please see table below for each Fund's estimated source of distributions.

^(b) Quarterly paying distribution.

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.

The 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 Fund's 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 29.97% - - 70.03% ^(a)

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

EMD Dec 31 66.09% - - 33.91% ^(b)

^(a) Sources of cumulative fiscal year-to-date distributions are estimatedthrough September 30, 2020.

^(b) Sources of cumulative fiscal year-to-date distributions are estimatedthrough November 30, 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, 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 Resources, Inc.

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