LMP Corporate Loan Fund Inc. ("TLI") Sets New Rate and Announces Distribution for the Month of November 2010

NEW YORK, Nov 12, 2010 (BUSINESS WIRE) -- LMP Corporate Loan Fund Inc., which is listed on the New York Stock Exchange under the symbol "TLI", announced today a monthly distribution of $0.0525 per common share for November 2010. The Fund had previously paid a monthly distribution of $0.0510.

The distribution schedule appears below: Month Ex-Date Record Date Payable Date Amount Type -------- ---------- ----------- ------------ --------- ------ November 11/17/2010 11/19/2010 11/26/2010 $ 0.0525 Income In declaring the new rate, the Fund has increased its distributions to a level that better reflects the current level of net investment income available from its investment portfolio.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distribution that has been declared by the Board of Directors. In early 2011, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the respective calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

LMP Corporate Loan Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Citigroup Alternative Investments LLC, an indirect wholly-owned subsidiary of Citigroup Inc.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund's web site at www.leggmason.com/cef.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

SOURCE: Legg Mason & Co., LLC CONTACT: Legg Mason & Co., LLC Brenda Grandell, 212-857-8087 Director, Closed End Funds Copyright Business Wire 2010 -0- KEYWORD: United States

North America

New York INDUSTRY KEYWORD: Professional Services


Finance SUBJECT CODE: Closed End Fund