Business & Finance
Wed, May 16, 2012
NEW YORK--([ BUSINESS WIRE ])--Legg Mason BW Global Income Opportunities Fund Inc. (NYSE: BWG) will hold a conference call to provide an update on its investment activities since its successful initial public offering on March 28, 2012. Brandywine Global Portfolio Manager Brian Hess will discuss the Fund's investment portfolio and outlook, and hold a question and answer session.
Conference Call Dial-in Information:
Date: May 17, 2012
Time: 4:00 p.m. (Eastern Time)
USA Toll Free Number: 1-866-515-4784
Password: Legg Mason
A replay of the call will be made available and instructions on how to access the replay will be provided at a future date by press release.
The Fund is a global, flexible portfolio that uses a macro-value oriented approach to invest across countries, currencies and credits. The Fundas primary investment objective is to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurances the Fund will achieve its investment objectives.
The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Managed Assets in global fixed-income securities. These may include, but are not limited to sovereign debt of developed and emerging market countries, U.S. and non-U.S. corporate debt, mortgage-backed securities and currency exposure. The Fundas specific investments will shift as the Fund rotates among countries, credits and currencies to find the most attractive values over time. Under normal market conditions, no more than 35% of the Fundas Managed Assets may be rated below investment grade (commonly known as ahigh yielda or ajunka) by a nationally recognized statistical rating organization or determined to be of comparable quality; provided however, that the quality of a security will be based on the highest rating it receives.
The Fund may manage its currency exposure through the use of futures, forwards and other derivative instruments, for hedging and investment purposes. Under normal market conditions, the notional value of the Fundas derivatives will not exceed 100% of the Fundas Managed Assets when used to hedge the U.S. dollar, 65% of the Fundas Managed Assets when resulting in non-U.S. dollar currency exposure and 25% of the Fundas Managed Assets for non-currency derivatives.
Legg Mason BW Global Income Opportunities Fund Inc. is a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol aBWGa. The Fund is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by Brandywine Global Investment Management, LLC, an affiliate of the advisor.
Legg Mason affiliated investment advisors comprise the 6th largest closed-end fund manager in the U.S., with $ 11.7 billion in closed-end fund assets under management as of March 31, 2012.
For more information please call 1-888-777-0102 or consult the Fundas website at [ http://www.lmcef.com ].
All data and commentary provided is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in selling any of the shares of this Fund.
An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing is subject to additional risks. These risks are greater in emerging markets. Investments in mortgage-backed securities involve additional risks. The Fundas specific investments will shift as the Fund rotates among countries, credits and currencies to find the most attractive values over time.
