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NEW YORK--([ BUSINESS WIRE ])--Western Asset Worldwide Income Fund Inc. (NYSE: SBW) today announced monthly distributions of $0.0790 per common share for December 2011, and January and February 2012. The Fund had previously paid a monthly distribution of $0.0750 per share.

The distribution schedule appears below:

The Fund has increased its managed distribution rate to a level that better reflects both the current level of income and total return generated by the Fundas investment portfolio, and that the Fundas management believes is sustainable for foreseeable upcoming distributions pursuant to the Fund having adopted a managed distribution policy.

Under the Fundas managed distribution policy, the Fund seeks to maintain a consistent distribution level, stated as a fixed rate per common share per month, that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fundas aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholderas capital. A return of capital is not taxable; rather it reduces a shareholderas tax basis in his or her shares of the Fund.

The Board of Directors may reduce the Fundas monthly distribution rate in the future or terminate or suspend the managed distribution policy at any time. Any such reduction in the monthly distribution rate, termination or suspension could have an adverse effect on the market price of the Fund's shares.

Based on the Fund's accounting records as of the date of this press release, the Fund estimates that approximately 85.28% of the cumulative fiscal year-to-date distributions through February 2012 are sourced from net investment income and 14.72% are sourced from long-term capital gains. The estimated components of the distributions announced today will be provided to shareholders of record in a separate notice.

Please note that neither this press release nor the separate notice should be used for tax reporting purposes and that each is being provided to announce the amount and estimated source of the Fund's distributions that have been declared by the Board of Directors. In early 2012 and early 2013, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholderas tax return (e.g., ordinary income, long-term capital gain or return of capital).

Western Asset Worldwide Income Fund Inc. is a non-diversified, closed-end management investment company. Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., serves as the Fundas investment manager and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fundas 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.