NEW YORK, May 1, 2013 (GLOBE NEWSWIRE) -- Western Asset/Claymore Inflation-Linked Securities & Income Fund (NYSE:WIA) announced the retirement of Mr. R. Jay Gerken as a Trustee of that Fund and, effective April 30, 2013, the Board of Trustees of WIA has appointed Kenneth D. Fuller as a Trustee of that Fund.
The Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE:WIW) announced that Mr. Fuller has been elected as a Trustee of that Fund at its Annual Meeting of Shareholders on April 30, 2013.
Additionally, the Boards of Trustees of WIA and WIW have appointed Mr. Fuller as the President of each Fund.
Mr. Fuller is a Managing Director of Legg Mason & Co., LLC ("Legg Mason & Co.") (since 2013); Officer and Trustee of two funds associated with Legg Mason Partners Fund Advisor, LLC ("LMPFA") or its affiliates (since 2013); Senior Vice President of LMPFA (since 2012); Director of Legg Mason & Co. (2012 to 2013); Vice President of Legg Mason & Co. (2009 to 2012); Vice President of T. Rowe Price Associates (1993 to 2009). Effective June 1, 2013, Mr. Fuller will be President and Chief Executive Officer of LMPFA.
About Western Asset Management
Western Asset Management Company, founded in 1971, is one of the world's premier fixed-income managers, with nine offices around the globe. Focused on fixed income, Western Asset's client base includes several of the largest companies in the world as well as numerous public entities, healthcare organizations, foundations and public pension plans. Western Asset's objective is to provide fixed-income clients with value-oriented portfolios that are managed for the long term. Western Asset believes significant inefficiencies exist in the fixed income markets and by combining traditional analysis with innovative technology, the firm attempts to add value by exploiting these inefficiencies across eligible sectors. For the Funds, Western Asset intends to employ proprietary risk management techniques that were developed specifically to enhance other leveraged funds.
About Guggenheim Investments
Guggenheim Investments represents the investment management division of Guggenheim Partners, LLC ("Guggenheim"), which consists of investment managers with approximately $180 billion in combined total assets*. Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.
Guggenheim Investments is comprised of several investment management entities within Guggenheim, which includes Guggenheim Funds Distributors, LLC and Guggenheim Funds Investment Advisors, LLC. Guggenheim Funds Investment Advisors, LLC serves as Investment Adviser for WIW. Guggenheim Funds Distributors, LLC serves as Servicing Agent for WIA. Western Asset Management Company serves as the Investment Adviser for WIA.
* Assets under management are as of 3.31.2013 and include consulting services for clients whose assets are valued at approximately $37 billion.
This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. The net asset value of the Funds will fluctuate with the value of their underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Funds is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Interest Rate Risk, Risks Relating to U.S. TIPS, Risks Relating to Inflation-Linked Securities, Credit Risk, Lower Grade Securities Risk, Leverage Risk, Issuer Risk, Smaller Companies Risk, Country Risk, Emerging Markets Risk, Mortgage-Related Securities Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Turnover Risk, Management Risk and Market Disruption Risk.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Funds carefully before they invest. For this and more information, visit www.guggenheimfunds.com or contact a securities representative or Guggenheim Funds Distributors, LLC. 2455 Corporate West Drive, Lisle, Ill. 60532, 800-345-7999.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
Member FINRA/SIPC (5/13)
CONTACT: Media Inquiries: Jeaneen Pisarra 917.386.0387 firstname.lastname@example.org Analyst Inquiries: Will Korver 630.505.3700 email@example.comSource: Guggenheim Investments Illinois