Business Wire | Nov 17, 2021 11:38AM EST

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

Nov. 17, 2021

NEW YORK--(BUSINESS WIRE)--Nov. 17, 2021--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 12/23/2021 12/22/2021 12/31/2021

January 1/24/2022 1/21/2022 2/1/2022

February 2/18/2022 2/17/2022 3/1/2022

Ticker

Fund Name

Month

Amount

Change from Previous Distribution

SCD

LMP Capital and Income Fund Inc.a

December

$0.26000

b

-

BWG

BrandywineGLOBAL - Global Income Opportunities Fund Inc. a

December

$0.09000

0.01000

January

$0.09000

February

$0.09000

EMD

Western Asset Emerging Markets Debt Fund Inc. a

December

$0.09000

-

January

$0.09000

February

$0.09000

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 net 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 factor in currency fluctuations, each Fund's estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

Change fromTicker Fund Name Month Amount Previous Distribution

SCD LMP Capital and Income Fund Inc.^a December $0.26000 ^ - b

BrandywineGLOBAL - Global IncomeBWG Opportunities December $0.09000 0.01000 Fund Inc. ^a

January $0.09000

February $0.09000

EMD Western Asset Emerging Markets Debt December $0.09000 - 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.

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 net 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 factor in currency fluctuations, each Fund's estimated source of cumulative fiscal year-to-date distributions is presented in the table below:

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

SCD Nov 30 13.41% - - 86.59% ^(a)

BWG Oct 31 60.99% - - 39.01% ^(b)

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

(a) Sources of cumulative fiscal year-to-date distributions are estimated through December 31, 2021. (b) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2022. (c) Sources of cumulative fiscal year-to-date distributions are estimated through February 28, 2022. Cumulative fiscal year-to-date distributions are estimated to be 54.62% sourced from income and 45.38% sourced from a return of capital through December 31, 2021.

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 2022 and early 2023, 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).

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.

Category: Distribution Related

Source: Franklin Resources, Inc.

Source: Legg Mason Closed End Funds

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