|Bid||16.32 x 1800|
|Ask||16.38 x 900|
|Day's range||16.26 - 16.36|
|52-week range||10.88 - 17.14|
|Beta (5Y monthly)||0.50|
|PE ratio (TTM)||N/A|
|Earnings date||14 Feb 2020 - 17 Feb 2020|
|Forward dividend & yield||0.93 (5.70%)|
|Ex-dividend date||22 Oct 2020|
|1y target est||N/A|
Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY) today announced the financial position of the Fund as of June 30, 2020.
Western Asset Variable Rate Strategic Fund Inc. (the "Fund") announced today that the Fund’s Board of Directors (the "Board") has set a record date of September 18, 2020 for determining those stockholders of the Fund entitled to notice of and to vote at the special meeting of stockholders, or at any adjournment or postponement thereof, to be held on or about November 13, 2020.
Western Asset Variable Rate Strategic Fund Inc. (the "Fund") announced today that the Fund’s Board of Directors (the "Board") has approved a plan of liquidation and dissolution of the Fund, subject to stockholder approval of such plan in accordance with Maryland law. Based on the recommendations of Legg Mason Partners Fund Advisor, LLC ("LMPFA"), the Fund’s investment manager, and Western Asset Management Company, LLC ("Western Asset"), one of the Fund’s sub-advisers, the Board believes that liquidation and dissolution of the Fund is in the best interests of the Fund.