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.
LMP Capital and Income Fund Inc. (the "Fund"), which is traded on the New York Stock Exchange under the symbol "SCD," announced today the results of the votes cast at the Fund’s annual meeting of shareholders held March 20, 2020.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of AI Sirona (Luxembourg) Acquisition S.a.r.l. Milan, September 23, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AI Sirona (Luxembourg) Acquisition S.a.r.l. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Legg Mason Partners Fund Advisor, LLC announced today that certain closed end funds have declared distributions pursuant to their managed distribution policy.
Moody's Investors Service, ("Moody's") has today affirmed the B3 corporate family rating (CFR), the B3-PD Probability of Default Rating (PDR) and the B2 instrument rating of the senior secured first lien term loan of Al Sirona (Luxembourg) Acquisition S.a.r.l. Concurrently, Moody's has affirmed the Caa2 rating of the senior secured second lien term loan. The rating action follows the announcement that Zentiva has entered into a definitive agreement to acquire the Central and Eastern European (CEE) business of Alvogen Pharma US, Inc. ("Alvogen"; B2 stable).
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.