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Western Asset Global Partners Income Fund Inc. Announces Financial Position as of May 31, 2011


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Published in Business and Finance on by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--Western Asset Global Partners Income Fund Inc. (NYSE: GDF) today announced the financial position of the Fund as of May 31, 2011.

Current Q Previous Q Prior Yr Q
May 31, 2011February 28, 2011May 31, 2010
Total Assets (a) $ 249,185,160 $ 243,002,901 $ 230,297,514
Total Net Assets (a) $ 190,510,283 $ 186,813,163 $ 168,720,126
NAV Per Share of Common Stock (b) $ 12.33 $ 12.11 $ 10.97
Market Price Per Share $ 13.37 $ 12.48 $ 11.15
Premium / (Discount) 8.43 % 3.06 % 1.64 %
Outstanding Shares 15,447,356 15,429,915 15,374,330
Total Net Investment Income (c) $ 4,201,917 $ 4,164,297 $ 4,643,419
Total Net Realized/Unrealized Gain/(Loss) (c) $ 3,675,268 $ 4,500,745 $ (17,400,432 )

Net Increase (Decrease) in Net Assets From
Operations (c)

$ 7,877,185 $ 8,665,042 $ (12,757,013 )
Earnings per Common Share Outstanding
Total Net Investment Income (c) $ 0.27 $ 0.27 $ 0.30
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.24 $ 0.29 $ (1.13 )
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.51 $ 0.56 $ (0.83 )

Undistributed/(Overdistributed) Net Investment
Income (d)

$ 2,400,845 $ 2,598,012 $ 2,727,506

Undistributed/(Overdistributed) Net Investment
Income Per Share (d)

$ 0.16 $ 0.17 $ 0.18
Loan Outstanding (d) $ 33,000,000 $ 33,000,000 $ 33,000,000
Reverse Repurchase Agreements (d) $ 20,713,557 $ 20,515,467 $ 23,963,931

Footnotes:

(a) The difference between total assets and total net assets is due primarily to the Funda™s use of borrowings; total net assets do not include borrowings.

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

(c) For the quarter indicated.

(d) 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 Global Partners Income Fund Inc., a non-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 investment manager.

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.


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