As was previously announced, on February 18, 2020, Franklin Resources, Inc. ("Franklin Resources") and Legg Mason, Inc. ("Legg Mason") announced that they have entered into a definitive agreement for Franklin Resources to acquire Legg Mason in an all-cash transaction. The Funds’ investment manager, Legg Mason Partners Fund Advisor, LLC, is a wholly-owned subsidiary of Legg Mason and would become a wholly-owned subsidiary of Franklin Resources as a result of the transaction. The Funds are sub-advised by other affiliates of Legg Mason that also would be acquired by Franklin Resources as a result of the transaction. The transaction is subject to approval by Legg Mason’s shareholders and customary closing conditions, including receipt of applicable regulatory approvals. Subject to such approvals and the satisfaction of the other conditions, the transaction is expected to be consummated in the latter part of 2020.
The Funds announced that the board of directors of each Fund has set a record date of March 9, 2020 for determining those stockholders of each Fund entitled to notice of and to vote at the special meeting of stockholders, or at any adjournment thereof, to be held on or about June 5, 2020 at the offices of the Funds.
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (NYSE: BWG) today announced the financial position of the Fund as of January 31, 2020.
BrandywineGLOBAL – Global Income Opportunities Fund Inc. (NYSE: BWG) (the "Fund") today announced that, based on certified voting results from the Fund’s 2020 Annual Meeting of Stockholders (the "Annual Meeting"), stockholders have voted to re-elect Nisha Kumar, William R. Hutchinson and Jane E. Trust, CFA to the Fund’s Board of Directors.
BrandywineGLOBAL – Global Income Opportunities Fund Inc. (NYSE: BWG) (the "Fund") today announced that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two of the leading independent proxy advisory firms, recommend that shareholders vote to approve the new agreements between the Fund and its investment manager and subadviser.
Each of the Funds listed above announced today that, due to the public health impact of the coronavirus ("COVID-19") pandemic and to support the health and safety of its shareholders, the location of the Special Meeting of Shareholders (the "Meeting") of the Fund has been changed. As previously announced, each Fund’s Meeting will be held on Friday, June 5, 2020 at 9:00 a.m. Eastern Time. In light of public health concerns regarding COVID-19, the Meeting will be held in a virtual meeting format only. Each Meeting will be accessible solely by means of remote communication.
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.
BrandywineGLOBAL – Global Income Opportunities Fund Inc. (NYSE: BWG) ("the Fund") today announced that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two of the leading independent proxy advisory firms, recommend that stockholders vote "FOR" the Fund’s highly-qualified and experienced director nominees – Nisha Kumar, William R. Hutchinson, and Jane E. Trust, CFA – on the WHITE Proxy Card in connection with the Annual Meeting of Stockholders scheduled for 8:30 a.m. Eastern Time on March 20, 2020.