Western Asset Corporate Loan Fund Inc. Portfolio Composition as of March 31, 2019

NEW YORK–(BUSINESS WIRE)–Western Asset Corporate Loan Fund Inc. (NYSE: TLI) announces its
portfolio composition as of March 31, 2019.

Investment Objective: The Fund’s investment objective is to
maximize current income consistent with prudent efforts to preserve
capital.

Portfolio Composition*:

   

Asset Allocation

Bank Loans

97.9%

High Yield Corporate Bonds

1.7%

Emerging Markets Debt

0.3%

Cash & Other Securities

0.1%
 

Credit Quality Allocation**

BBB 1.0%
BB 23.9%
B 68.3%
CCC 5.1%
CC 0.1%
Not Rated 1.5%
 

Top Ten Bank Loan Industries

Consumer Non Cyclical 22.6%
Consumer Cyclical 22.2%
Technology 13.7%
Communications 9.1%
Capital Goods 8.3%
Brokerage 5.3%
Financial Other 4.4%
Insurance 4.1%
Electric 2.0%
Energy 1.9%
Industrial Other 1.7%
Basic Industry 1.1%
Finance Companies 0.9%
REITs 0.5%
Transportation 0.1%
 

Average to next reset

47 days
 

Portfolio Statistics:

 

Inception Date

November 20, 1998

Inception Price

$ 15.00

Total Assets***

$ 159,300,659

Net Assets

$ 108,300,659

Loans****

32.01%

Fixed Rated Notes****

0.00%

Preferred Shares****

0.00%

Reverse Repos****

0.00%
 

Market Price

$ 9.47

NAV

$ 10.90

(Daily NAV is available on market quotation systems using the symbol
XTLIX.)

   

Distribution Rate

$0.0530 per share

Frequency

    Monthly (Declared monthly, paid monthly)
 
*     Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time.
**

Credit quality is a measure of a bond issuer’s ability to repay
interest and principal in a timely manner. The credit ratings
shown are based on each portfolio security’s rating as provided by
Standard and Poor’s, Moody’s Investors Service and/or Fitch
Ratings, Ltd. and typically range from AAA (highest) to D
(lowest), or an equivalent and/or similar rating. For this
purpose, when two or more of the agencies have assigned differing
ratings to a security, the lowest rating is used. Securities that
are unrated by all three agencies are reflected as such. The
credit quality of the investments in the Fund’s portfolio does not
apply to the stability or safety of the Fund. These ratings are
updated monthly and may change over time. Please note, the Fund
itself has not been rated by an independent rating agency.

*** The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings; net assets do not include
borrowings. The Fund may employ leverage in the form of loans,
preferred stock, reverse repurchase agreements and/or other
instruments. When the Fund engages in transactions that have a
leveraging effect on the Fund’s portfolio, the value of the Fund
will be more volatile and all other risks will tend to be compounded.
**** Percentages are based on total assets.
 

Western Asset Corporate Loan Fund Inc., a non-diversified investment
management company, is managed by Legg Mason Partners Fund Advisor, LLC,
a wholly-owned subsidiary of Legg Mason, Inc.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate. Fixed income
securities are subject to credit risk, inflation risk, call risk, and
interest rate risks.

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.

For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.

FN1112224

Contacts

Fund Investor Services
1-888-777-0102
http://www.lmcef.com

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