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Article: LMP Corporate Loan Fund Inc. Sets New Rate, Announces Distribution for March 2008.
- Article from:
- Business Wire
- Article date:
- March 11, 2008
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Copyright informationCOPYRIGHT 2008 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 $0.0675 per common share for the month of March 2008. This distribution is payable on March 28, 2008, to shareholders of record on March 20, 2008. The ex-dividend date is March 18, 2008.
Following are the declared distributions for TLI for the last several months:
[TABLE OMITTED]
In declaring the new rate, the Fund cited that the Federal Reserve's efforts to stimulate the economy by cutting Fed Funds rates has led to a significant decline in the London Interbank Offer Rate ("LIBOR"), a short term interest rate that is ...
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