About Western Asset Corporate Loan Fund (NYSE:TLI)
Western Asset Corporate Loan Fund Inc., formerly LMP Corporate Loan Fund Inc., is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize current income consistent with prudent efforts to preserve capital. The Fund invests primarily in floating or variable-rate collateralized senior loans to corporations, partnerships or other business entities operating in various industries and geographic regions. The Fund invests at least 80% of total assets in collateralized senior loans. Its long-term investments include senior loans, corporate bonds and notes, and common stocks. The Fund may also invest up to 20% of total assets in uncollateralized senior loans; investment and non-investment grade corporate debt securities; the United States government debt; money market instruments, and derivatives. Legg Mason Partners Fund Advisor, LLC is the investment manager of the Fund. Western Asset Management Company is the sub advisor of the Fund.
Industry, Sector and Symbol
Industry INVESTMENT FUNDS
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Price / SalesN/A
Price / CashN/A
Price / BookN/A
Return on EquityN/A
Return on AssetsN/A
Western Asset Corporate Loan Fund (NYSE:TLI) Frequently Asked Questions
What is Western Asset Corporate Loan Fund's stock symbol?
Western Asset Corporate Loan Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "TLI."
How often does Western Asset Corporate Loan Fund pay dividends? What is the dividend yield for Western Asset Corporate Loan Fund?
Western Asset Corporate Loan Fund announced a monthly dividend on Friday, February 16th. Investors of record on Friday, March 23rd will be given a dividend of $0.053 per share on Monday, April 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Thursday, March 22nd. View Western Asset Corporate Loan Fund's Dividend History.
Who are some of Western Asset Corporate Loan Fund's key competitors?
Some companies that are related to Western Asset Corporate Loan Fund include Orrstown Financial Services (ORRF), Federated National (FNHC), Invesco Bond Fund (VBF), FS Bancorp (FSBW), County Bancorp (ICBK), Entegra Financial (ENFC), LCNB (LCNB), Leju (LEJU), Bank Of Princeton (BPRN), Bank of Commerce (BOCH), Howard Bancorp (HBMD), MVC Capital (MVC), Stellus Capital Investment (SCM), Kingstone Companies (KINS), Select Bancorp (SLCT), First Financial Northwest (FFNW), Gladstone Land (LAND) and Middlefield Banc (MBCN).
Who are Western Asset Corporate Loan Fund's key executives?
Western Asset Corporate Loan Fund's management team includes the folowing people:
- Jane E. Trust, Chairman of the Board of Trustee , President & Chief Executive Officer
- Richard F. Sennett, Principal Financial Officer
- Ted P. Becker, Chief Compliance Officer
- Steven Frank, Treasurer
- Jenna Bailey, Identity Theft Prevention Officer
- Robert I. Frenkel, Secretary and Chief Legal Officer
- William R. Hutchinson, Lead Independent Director
- Eileen A. Kamerick, Director
- Carol L. Colman, Independent Trustee
- Daniel P. Cronin, Independent Director
Has Western Asset Corporate Loan Fund been receiving favorable news coverage?
Media stories about TLI stock have been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset Corporate Loan Fund earned a coverage optimism score of 0.03 on Accern's scale. They also gave news coverage about the investment management company an impact score of 45.99 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Western Asset Corporate Loan Fund's major shareholders?
Western Asset Corporate Loan Fund's stock is owned by many different of retail and institutional investors. Top institutional investors include Dean Investment Associates LLC (6.34%), Sit Investment Associates Inc. (1.58%), Wolverine Asset Management LLC (1.22%), Wells Fargo & Company MN (0.94%), Ladenburg Thalmann Financial Services Inc. (0.68%) and Guggenheim Capital LLC (0.42%). View Institutional Ownership Trends for Western Asset Corporate Loan Fund.
Which institutional investors are selling Western Asset Corporate Loan Fund stock?
Which institutional investors are buying Western Asset Corporate Loan Fund stock?
How do I buy shares of Western Asset Corporate Loan Fund?
Shares of TLI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Western Asset Corporate Loan Fund's stock price today?
One share of TLI stock can currently be purchased for approximately $10.41.
How big of a company is Western Asset Corporate Loan Fund?
Western Asset Corporate Loan Fund has a market capitalization of $104.36 million.
MarketBeat Community Rating for Western Asset Corporate Loan Fund (TLI)MarketBeat's community ratings are surveys of what our community members think about Western Asset Corporate Loan Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Western Asset Corporate Loan Fund (NYSE:TLI) Analyst Ratings History
No equities research coverage for this company has been tracked by MarketBeat
Earnings History for Western Asset Corporate Loan Fund (NYSE:TLI)
No earnings announcements for this company have been tracked by MarketBeat.com
Western Asset Corporate Loan Fund (NYSE:TLI) Earnings Estimates
No earnings estimates for this company have been tracked by MarketBeat.com
Western Asset Corporate Loan Fund (NYSE:TLI) Dividend Information
|Dividend Growth:||-2.80% (3 Year Average)|
Western Asset Corporate Loan Fund (NYSE:TLI) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Western Asset Corporate Loan Fund (NYSE TLI) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 25.03%
Western Asset Corporate Loan Fund (NYSE TLI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/31/2013||Kenneth Fuller||CEO||Buy||1,000||$12.20||$12,200.00|| |
Western Asset Corporate Loan Fund (NYSE TLI) News Headlines
Western Asset Corporate Loan Fund (NYSE:TLI) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Financials are not available for this stock.
Western Asset Corporate Loan Fund (NYSE TLI) Stock Chart for Tuesday, March, 20, 2018