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Article: LMP Corporate Loan Fund Inc. Sets New Rate, Announces Distribution for November 2007.
- Article from:
- Business Wire
- Article date:
- November 15, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- LMP Corporate Loan Fund Inc., listed on the New York Stock Exchange under the symbol "TLI", announced a distribution from income of $0.0890 per common share for the month of November 2007. This distribution is payable on November 30, 2007, to shareholders of record on November 23, 2007. The ex-dividend date is November 20, 2007.
Following are the declared distributions for TLI for the last several months:
[TABLE OMITTED]
The Fund determined that a reduction in the rate is appropriate to account for factors that negatively impact the Fund's cash flow, including the decline in cash flow available from leveraged loans as the LIBOR ...