LMP Corporate Loan Fund Inc. (“TLI”) Sets New Rate And Announces Distribution For The Month Of December 2011

LMP Corporate Loan Fund Inc. (NYSE: TLI) today announced a monthly distribution of $0.0620 per common share for December 2011. The Fund had previously paid a monthly distribution of $0.0595.

The distribution schedule appears below:

Month

Ex-Date

Record Date

Payable Date

Amount

Type

December

12/14/2011

12/16/2011

12/23/2011

$0.0620

Income

In declaring the new rate, the Fund has increased its distributions to a level that better reflects the current level of net investment income available from its investment portfolio.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distribution that has been declared by the Board of Directors. In early 2012, 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 respective calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).