Press Releases
LMP Corporate Loan Fund Inc. Announces Financial Position As Of June 30, 2011
Stock quotes in this article:TLI
LMP Corporate Loan Fund Inc., which is listed on the New York Stock Exchange under the symbol “TLI”, announced today the financial position of the Fund as of June 30, 2011.
| Current Q | Previous Q | Prior Yr Q | |||||||||||||
| June 30, 2011 | March 31, 2011 | June 30, 2010 | |||||||||||||
| Total Assets (a) | $ | 191,892,331 | $ | 203,521,258 | $ | 183,672,296 | |||||||||
| Total Net Assets (a) | $ | 124,304,280 | $ | 124,796,122 | $ | 115,435,713 | |||||||||
| NAV Per Share of Common Stock (b) | $ | 12.53 | $ | 12.59 | $ | 11.65 | |||||||||
| Market Price Per Share | $ | 12.39 | $ | 12.45 | $ | 11.16 | |||||||||
| Premium / (Discount) | (1.12 | )% | (1.11 | )% | (4.21 | )% | |||||||||
| Outstanding Shares | 9,918,305 | 9,912,609 | 9,910,814 | ||||||||||||
| Total Net Investment Income (c)(d) | $ | 1,889,186 | $ | 2,000,280 | $ | 1,548,430 | |||||||||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ | (724,571 | ) | $ | 2,455,581 | $ | (2,853,744 | ) | |||||||
| Preferred Dividends Paid from Net Investment Income (c) | $ | (17,887 | ) | $ | (25,248 | ) | $ | (30,807 | ) | ||||||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ | 1,146,728 | $ | 4,430,613 | $ | (1,336,121 | ) | ||||||||
| Earnings per Common Share Outstanding | |||||||||||||||
| Total Net Investment Income (c)(d) | $ | 0.19 | $ | 0.20 | $ | 0.16 | |||||||||
| Total Net Realized/Unrealized Gain/(Loss) (c) | $ | (0.07 | ) | $ | 0.25 | $ | (0.29 | ) | |||||||
| Preferred Dividends Paid from Net Investment Income (c) | $ | (0.00 | ) | * | $ | (0.00 | ) | * | $ | (0.00 | ) | ||||
| Net Increase (Decrease) in Net Assets From Operations (c) | $ | 0.12 | $ | 0.45 | $ | (0.13 | ) | ||||||||
| Undistributed/(Overdistributed) Net Investment Income (e) | $ | 1,912,849 | $ | 1,751,804 | $ | 585,726 | |||||||||
| Undistributed/(Overdistributed) Net Investment Income | |||||||||||||||
| Per Share (e) | $ | 0.19 | $ | 0.18 | $ | 0.06 | |||||||||
| Loan Outstanding (e) | $ | 30,500,000 | $ | 30,500,000 | $ | 25,500,000 | |||||||||
| Preferred Shares Outstanding (e) | $ | 35,000,000 | $ | 35,000,000 | $ | 35,000,000 | |||||||||
| (a) | The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock (“ARPS”) and use of borrowings; total net assets do not include either borrowings or 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. | ||
| (c) | For the quarter indicated. | ||
| (d) | Excludes distributions paid to preferred stockholders from net investment income. | ||
| (e) | As of the period indicated above. | ||
| * | Amount represents less than $0.01 per share. |
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