LMP Corporate Loan Fund calls series A and B auction-rate preferreds

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – LMP Corporate Loan Fund Inc. plans to redeem all of its outstanding series A and series B auction-rate cumulative preferred stock, according to a filing with the Securities and Exchange Commission.

The series A shares will be redeemed on Dec. 24 and the series B shares on Dec. 31 at the liquidation preference of $25,000 per share.

LMP is a non-diversified, closed-end management investment company based in New York.

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