Western Asset Management Company

Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Financial Position as of January 31, 2023

Retrieved on: 
Tuesday, March 28, 2023
Asset Management, Professional Services, Finance, External commercial borrowing, Bank statement, Dunedin Blue Jays, Franklin Templeton Investments, Western Asset Management Company, Form, Security (finance), Annual report, Fund, Bookkeeping, Financial adviser

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

Key Points: 
  • (b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
  • To obtain information on Forms N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
  • Western Asset Global Corporate Defined Opportunity Fund Inc. is a non-diversified, limited-term, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources.
  • It is sub-advised by Western Asset Management Company (“WAMCo”) and certain of WAMCo’s foreign-based affiliates; WAMCo and its affiliates are also affiliates of the investment manager.

Aimco Appoints Sherry L. Rexroad to Board of Directors

Retrieved on: 
Monday, March 27, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, AIV, Compensation, Business, Western Asset Management Company, Real estate investment trust, Annual general meeting, Store Capital, Investment, NYSE, Management, Aimco, Social

Apartment Investment and Management Company (NYSE: AIV) (“Aimco” or the “Company”) today announced that it has appointed Sherry L. Rexroad to its Board of Directors, effective immediately.

Key Points: 
  • Apartment Investment and Management Company (NYSE: AIV) (“Aimco” or the “Company”) today announced that it has appointed Sherry L. Rexroad to its Board of Directors, effective immediately.
  • Ms. Rexroad has been appointed to Aimco’s Audit, Compensation and Human Resources, Investment, and Nominating, Environmental, Social, and Governance Committees.
  • Mr. Stone continued, “On behalf of the Board, we thank Bob for his contributions and commitment to Aimco and to its shareholders.
  • Aimco and the members of its Board have been honored by their association with Bob and are grateful for his service and expertise.”

Update on Silicon Valley Bank: Life360 exposure expected to be up to $5.6 million, with no significant disruption to operations

Retrieved on: 
Monday, March 13, 2023
Federal Deposit Insurance Corporation, PNC Financial Services, Tile, Loss, ASX, California Department of Financial Protection and Innovation, SVB, Bank, Acquisition, Government agency, U.S.-Pacific Island Country Summit, FDIC, Innovation, Black Rock, Silicon Valley Bank, Consumer Financial Protection Bureau, The Company, Morgan Stanley, Bank of Montreal, California Department, Security (finance), Western Asset Management Company

Uninsured depositors are expected to receive a receivership certificate for the remaining amount of their uninsured funds.

Key Points: 
  • Uninsured depositors are expected to receive a receivership certificate for the remaining amount of their uninsured funds.
  • As the FDIC sells the assets of SVB, future dividend payments may be made to uninsured depositors.
  • Although SVB acted as custodian of these accounts, the Company understands that these accounts were not co-mingled with SVB's assets.
  • The Company will provide the market with an update as soon as any material further information comes to hand.

Barbara Ziegler and Tim Quagliarello Join Franklin Templeton as Client Advisors, US Institutional

Retrieved on: 
Tuesday, March 7, 2023
Technology, Finance, Consulting, Fintech, Professional Services, Software, Networks, Internet, Data Management, US Institute for Environmental Conflict Resolution, Consultant, Marketing Executives Network Group, Morgan Stanley, PIMCO, Jeffrey Gundlach, Franklin Templeton Investments, Western Asset Management Company, Senior, Management, Cryptocurrency

Franklin Templeton today announced the appointment of Barbara Ziegler and Tim Quagliarello as Senior Vice President, Client Advisors, US Institutional .

Key Points: 
  • Franklin Templeton today announced the appointment of Barbara Ziegler and Tim Quagliarello as Senior Vice President, Client Advisors, US Institutional .
  • “Barbara and Tim bring a wealth of expertise and experience in helping institutional investors, and we are excited to welcome them to our growing team.
  • Franklin Templeton offers institutional investors an increasingly robust set of investment capabilities, spanning both traditional and alternative asset classes, to better help them achieve their objectives.
  • Ziegler has over 30 years of financial industry experience, most recently serving as an Institutional Relationship Manager at DoubleLine Capital since 2016.

Aimco Announces Fourth Quarter 2022 Earnings Date

Retrieved on: 
Wednesday, February 15, 2023
Construction & Property, Residential Building & Real Estate, Investment, Aimco, NYSE, AIV, Western Asset Management Company, Cryptocurrency

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that it plans to report 2022 fourth quarter results and provide an outlook for 2023 on Tuesday, February 21, 2023, after the market closes.

Key Points: 
  • Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that it plans to report 2022 fourth quarter results and provide an outlook for 2023 on Tuesday, February 21, 2023, after the market closes.
  • The Company’s earnings release will be available in the Investor Relations section of its website at investors.aimco.com.

Western Asset High Income Opportunity Fund Inc. Announces Financial Position as of December 31, 2022

Retrieved on: 
Wednesday, February 15, 2023
Banking, Professional Services, Finance, Bank statement, Western Asset Management Company, Fund, Annual report, Franklin Templeton Investments, Form

Western Asset High Income Opportunity Fund Inc., a diversified, closed-end management investment 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 investment manager.

Key Points: 
  • Western Asset High Income Opportunity Fund Inc., a diversified, closed-end management investment 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 investment manager.
  • For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.franklintempleton.com/investments/options/closed-end-funds .
  • Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
  • Franklin Resources and its affiliates do not engage in selling shares of the Fund.

Western Asset Intermediate Muni Fund Inc., Western Asset Municipal Partners Fund Inc. and Western Asset Managed Municipals Fund Inc. Announce Board Approval of Proposed Merger Plan

Retrieved on: 
Monday, February 13, 2023
Banking, Professional Services, Finance, ACT, Bank statement, Prospectus, FUTURE, SBI, AN, Security (finance), AND, NYSE, Form, Fund, MMU, ARPS, SELL, NAV, ALL, Marketing, MNP, Funding, Cryptocurrency, Western Asset Management Company

The approval of each merger is not contingent upon the approval of the other merger.

Key Points: 
  • The approval of each merger is not contingent upon the approval of the other merger.
  • Any redemption of ARPS will be contingent upon shareholder approval of the merger for the specific Fund.
  • Management and each Fund’s investment adviser do not anticipate any material portfolio turnover as a result of the proposed merger.
  • Each Fund is managed by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and sub-advised by Western Asset Management Company, LLC (“Western Asset”).

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Tender Offer

Retrieved on: 
Friday, February 10, 2023
Banking, Professional Services, Finance, ACT, Bank statement, Franklin Templeton Investments, FUTURE, Investment Company Act of 1940, AND, FUND, Western Asset Management Company, Fund, USE, Clarion Partners, ALL, Cryptocurrency

The tender offer will be conducted at a price equal to the Fund’s NAV per share of common stock on the day on which the tender offer expires.

Key Points: 
  • The tender offer will be conducted at a price equal to the Fund’s NAV per share of common stock on the day on which the tender offer expires.
  • The Fund intends to commence its tender offer on or about March 15, 2023, with the expiration of the tender offer currently expected to be April 14, 2023.
  • The tender offer will be made only by an Offer to Purchase, a Repurchase Request Form, and related documents.
  • As soon as the tender offer commences, the Fund will file a tender offer statement on Schedule TO with the SEC, which will include an Offer to Purchase and related Repurchase Request Form.

Clarion Partners Real Estate Income Fund Inc. Announces Results of Tender Offer

Retrieved on: 
Wednesday, January 18, 2023
Banking, Professional Services, Finance, ACT, USE, Fund, AND, Franklin Templeton Investments, ALL, Personal Information Agent, FUTURE, Western Asset Management Company, SS

The Fund expects to transmit payment to purchase the duly tendered and accepted Shares on or about January 17, 2023.

Key Points: 
  • The Fund expects to transmit payment to purchase the duly tendered and accepted Shares on or about January 17, 2023.
  • Shares that were tendered but not accepted for payment, if applicable, and Shares that were not tendered will remain outstanding.
  • Any questions about the tender offer should be directed to SS&C Technologies, Inc., the Information Agent for the tender offer, toll free at (844) 534-4627.
  • THIS PRESS RELEASE IS NOT A PROSPECTUS, CIRCULAR OR REPRESENTATION INTENDED FOR USE IN THE PURCHASE OR SALE OF FUND SHARES.

Third Annual Milken Institute Public Finance Forum Convenes 250+ Leaders for Conversations on Infrastructure and Capital Deployment

Retrieved on: 
Wednesday, January 11, 2023
Professional Services, Public Policy, Government, Environmental, Social and Governance (ESG), Other Policy Issues, Finance, Banking, Implementation, European embedded value, Government, Goldman Sachs, Next Wave Festival, Interim, State treasurer, White House, National Association of State Treasurers, Forum, Organization, ESG, DC, Guggenheim Partners, Finance, North American Development Bank, State, Best practice, Senior advisor, Inter-American Development Bank, MP, Equity, National Association, Policy, WSP, JPMorgan Chase, Risk management, Innovation, Treasury, Forecasting, International Economic Development Council, The Kresge Foundation, CFM, Resilience, Market share, Milken Institute, World Bank Group, Local Initiatives Support Corporation, Western Asset Management Company, Climate, Bangladesh Technical Education Board, Breakout Labs, Macquarie Group, Renewable energy, Security (finance), Bank

This year’s forum will be held at the Park Hyatt Hotel in Washington, DC, on January 10-12, 2023.

Key Points: 
  • This year’s forum will be held at the Park Hyatt Hotel in Washington, DC, on January 10-12, 2023.
  • Attendees across the government, philanthropy, and investment communities will have an opportunity to network, attend plenary sessions, and conduct conversations with peers on critical deployment challenges.
  • The Milken Institute will live-stream the Public Finance Forum public sessions, expanding access to the event.
  • For more updates on the event, follow the Milken Institute on Facebook , LinkedIn , Twitter , and Instagram .