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Western Asset Premier Bond Fund Announces Final Results of Tender Offer for Auction Rate Preferred Shares

July 26, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Western Asset Premier Bond Fund (NYSE:WEA) announced the final results for its issuer tender offer for up to 100% of its outstanding auction rate preferred shares (ARPS) at a price equal to 97% of the liquidation preference of $25,000 per share (or $24,250 per share), plus any unpaid dividends accrued through expiration of the offer. The fund's tender offer expired on July 3, 2014, at 5:00 p.m.New York City time. All shares that were validly tendered and not withdrawn during the offering period have been accepted for payment.

The fund has accepted for payment approximately 2,863 ARPS, which represents approximately 99% of its outstanding ARPS. The ARPS of the fund that were not tendered remain outstanding.

Any questions about the tender offer can be directed to Deutsche Bank Trust Company Americas, the information agent for the tender offer, at (877) 843-9767.

Western Asset Premier Bond Fund is a closed-end management investment company that invests primarily in a diversified portfolio of debt securities. It has been advised by Western Asset Management Company, a subsidiary of Legg Mason, Inc., since the fund's inception in 2002. Additional information regarding the matters addressed in the press release may be announced subsequently via press release under the fund's ticker, which can be accessed at

Keywords for this news article include: Investment and Finance, Western Asset Premier Bond Fund.

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Source: Investment Weekly News

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