Overall, at the corporate level, we continue to manage the business, aware of the current environment, including keeping a close eye on expenses, while investing in areas that will position us for long-term revenue and diversified earnings growth with a near-term focus on organic growth.Let's start with the highlights to the quarter on Slide 3. On a GAAP basis, we announced a net loss of $9.5 million, which reflects charges related to our very successful debt restructuring and fund launches. Adjusted income was nearly $89 million.
Legg Mason Management Discusses Q1 2013 Results - Earnings Call Transcript
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