Western Asset Municipal Partners Fund Inc. Announces Financial Position as of February 28, 2011

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^{Published in Business and Finance on Thursday, April 7th 2011 at 19:40 GMT by Market Wire}

NEW YORK--([ BUSINESS WIRE ])--Western Asset Municipal Partners Fund Inc. (NYSE: MNP) today announced the financial position of the Fund as of February 28, 2011.


	Current Q		Previous Q		Prior Yr Q
	February 28, 2011		November 30, 2010		February 28, 2010
Total Assets (a)	$	220,555,086	$	232,755,156	$	227,459,535
Total Net Assets (a)	$	135,349,522	$	140,800,555	$	142,139,843
NAV Per Share of Common Stock (b)	$	13.93	$	14.49	$	14.62
Market Price Per Share	$	12.91	$	13.87	$	13.48
Premium / (Discount)		(7.32)%		(4.28)%		(7.80)%
Outstanding Shares		9,719,063		9,719,063		9,719,063

Total Net Investment Income (c)(d)	$	2,197,792	$	2,206,557	$	2,261,599
Total Net Realized/Unrealized Gain/(Loss) (c)	$	(5,592,552)	$	(9,061,088)	$	1,765,644
Preferred Dividends Paid from Net Investment Income (c)	$	(88,157)	$	(89,770)	$	(74,664)
Net Increase (Decrease) in Net Assets From Operations (c)	$	(3,482,917)	$	(6,944,301)	$	3,952,579

Earnings per Common Share Outstanding
Total Net Investment Income (c)(d)	$	0.23	$	0.23	$	0.23
Total Net Realized/Unrealized Gain/(Loss) (c)	$	(0.58)	$	(0.93)	$	0.18
Preferred Dividends Paid from Net Investment Income (c)	$	(0.01)	$	(0.01)	$	(0.01)
Net Increase (Decrease)in Net Assets From Operations (c)	$	(0.36)	$	(0.71)	$	0.40

Undistributed Net Investment Income (e)	$	3,875,198	$	3,733,679	$	2,975,283
Undistributed Net Investment Income
Per Share (e)	$	0.40	$	0.38	$	0.31

Preferred Shares Outstanding (e)	$	85,000,000	$	85,000,000	$	85,000,000

Footnotes:

(a) The difference between the Funda�s total assets and total net assets is due primarily to its outstanding of auction rate preferred Stock (aARPSa); total net assets do not include the liquidation value of ARPS.

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

(d) Excludes distributions paid to preferred stockholders from net investment income.

(e) As of the date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commissiona�s website at [ www.sec.gov ]. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

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

For more information, please call 1-888-777-0102 or consult the Funda�s web site at [ www.leggmason.com/cef ].

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Publication Contributing Sources

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Western Asset Municipal Partners Fund Inc. Announces Financial Position as of February 28, 2011