Franklin Templeton Affiliate Western Asset Diversified Income Fund Enters Into At-The-Market Equity Program
01.17.25
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Simpson Thacher represents Western Asset Diversified Income Fund (the “Fund”) in an SEC-registered at-the-market equity program pursuant to which the Fund may offer and sell common shares having an aggregate offering price of up to $75 million from time to time. Franklin Distributors, LLC, the principal underwriter for the offering, has entered into a sub-placement agent agreement with UBS Securities LLC related to the offering.
The Fund is a closed-end management investment company registered under the 1940 Act. The Fund’s common shares trade on the NYSE under the ticker symbol “WDI.” Franklin Templeton Fund Adviser, LLC is the Fund’s investment manager. The Fund is sub-advised by Western Asset Management Company, LLC and its affiliates. The investment manager and the sub-advisers are indirect wholly-owned subsidiaries of Franklin Resources.
The Simpson Thacher team included David Blass, Ryan Brizek, Debbie Sutter, Andy Madore, Sophie Sujin Kim and Yiran Wang (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).