BrandywineGLOBAL - Global Income Opportunities Fund Inc. Announces Private Placement of Preferred Stock
NEW YORK--(BUSINESS WIRE)--Dec 31, 2019--
BrandywineGLOBAL - Global Income Opportunities Fund Inc. (the “Fund”) (NYSE: BWG) announced today that it completed a private placement of $50 million of fixed-rate Mandatory Redeemable Preferred Stock (“MRPS”) on December 30, 2019. Net proceeds from the offering will be used to refinance existing leverage.
The table below summarizes the key terms of the offering.
Mandatory Redeemable Preferred Stock
For more information, please contact the Fund at 1-888-777-0102 or visit the Fund’s website at: www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
The Fund is a non-diversified closed-end investment management company advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and sub-advised by Brandywine Global Investment Management, LLC (“Brandywine”).
The Fund seeks to provide investors with a global, flexible portfolio that uses a macro, value-oriented approach to invest across countries, currencies and credits. The Fund’s primary investment objective is to provide current income. As a secondary investment objective, the Fund seeks capital appreciation. There can be no assurances the Fund will achieve its investment objectives.
LMPFA and Brandywine are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”). Legg Mason is a global asset management firm with approximately $781.8 billion in assets under management as of September 30, 2019. Legg Mason provides active asset management in many major investment centers throughout the world.
The Fund is not sold or distributed by Legg Mason or any Legg Mason affiliate. Shares of the fund are bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges.
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Shareholder Contact: Fund Investor Services-1-888-777-0102
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE
SOURCE: BrandywineGLOBAL - Global Income Opportunities Fund Inc.
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PUB: 12/31/2019 08:00 AM/DISC: 12/31/2019 08:01 AM