legg mason sponsored funds letter

Commissions paid by Legg Mason to financial intermediaries in connection with sales of certain classes of company-sponsored mutual funds are generally capitalized as deferred sales commissions. Legg Mason operates under a distinctive "multi-manager" business model under which seven independent investment managers provide clients with a broad spectrum of investment solutions across asset classes, geographies and channels. The plan to fix money manager Legg Mason Inc. appears as obvious as ever—and no easier to pull off. LEGG MASON PARTNERS FUNDAMENTAL VALUE FUND . This link leads to a website that is intended for U.S. investors only. NEW YORK--(BUSINESS WIRE)-- Each of the funds listed on Appendix A (each, a Fund, and, together, the Funds) announced today that, due to the public health impact of … ve year time periods. Legg Mason Investment Funds Limited (“Legg Mason”) will be merging all retail A share classes of its ICVC fund range on 10 May 2021 (the “merger date”) into the equivalent non-retail X share class. Legg Mason-Sponsored Funds Announce Change of Location of Special Meeting of Shareholders Scheduled to Be Held on July 14, 2020. SHAREHOLDERS IN LEGG MASON-SPONSORED FUNDS IMPORTANT NOTICE: Please exercise your right to vote as soon as possible! Legg Mason is a mid-cap company. ; Gill Test.) Legg Mason Investor Services1 is the dealer of record. Legg Mason notified Bedminster, N.J.-based Precidian on Jan. 21 that it had begun the process of exercising its option to increase its current 19.9% … New York, New York 10041 The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. LEGG MASON PARTNERS EQUITY TRUST . Legg Mason was acquired by Citi in 2005. They tried to call me many times. I called again and it was legit. Legg Mason agreed to pay $64 million to settle U.S. Justice Department claims that the firm's Permal Group hedge fund business participated in a … Franklin Templeton and Legg Mason fund assets held in multiple Employer Sponsored Retirement Plans may be combined in order to qualify for sales charge breakpoints at the plan level if the plans are sponsored by the same employer. LPL receives compensation of up to 0.035% on an annual basis of customer assets invested with American Funds as determined by American Funds Distributors, Inc. at its discretion. Some funds charge fees to cover marketing, distribution and administrative expenses. Legg Mason, through its subsidiaries QS Investors, LLC and Legg Mason Investor Services, LLC, will work with TFI to transfer program assets, records, and management responsibilities while continuing to provide services under the terms of the services agreement on a transition basis, until such time as the transfer is completed. SUPPLEMENT DATED APRIL 1, 2008 TO THE PROSPECTUS DATED . Legg Mason fund assets held in multiple Employer Sponsored Retirement Plans (as defined below) may be combined in order to qualify for sales … Through June 30, 2008, please refer to the following chart for information concerning the minimum initial and additional investment amounts applicable to a purchase of fund shares: Shareholders are asked to vote to approve the new agreements. Legg Mason Private Portfolio Group, LLC (“LMPPG”) is a wholly-owned subsidiary of Legg Mason, Inc., a publicly traded company, and has provided separate account investment advisory services since April 2007. affiliate, Legg Mason Private Portfolio Group, LLC (“LMPPG”)which provides advisory services to managed , accounts through financial intermediaries. LEGG MASON PARTNERS U.S. LARGE CAP EQUITY FUND . APRIL 1, 2008 OF . I looked it up because I double checked the phone number 1-866-963-5819 by my CID redial to make sure it was the one on the Legg Mason proxy vote paper I received in the mail, and it was, but instead of Legg Mason, it was a crass answering machine. Legg Mason Funds Investor Services. We check hedge fund … As of August 31, 2015, Legg Mason had approximately $682 billion in assets under management. Dear Shareholder: We recently sent you proxy materials concerning important proposals to approve new agreements between your Legg Mason-sponsored fund(s) and its investment manager and sub-advisor(s). These include marketing fees known as 12b-1 fees, as well as certain record keeping or shareholder services fees.Such fees are included in the funds’ overall expense ratio and a portion of these fees may be paid to us. Email Us. Employment Offer Letter - Legg Mason, Inc. Legg Mason Partners Funds . LMPFA, with offices at 399 Park Avenue, New York, New York 10022, is a recently-organized investment adviser that has been formed to serve as the investment manager of the fund and other Legg Mason-sponsored funds. … You may purchase Class A shares of eligible Legg Mason Mutual Funds or units of a Legg Mason-sponsored Section 529 college savings plan (a “Section 529 plan”) over a 13-month period and pay the same sales charge, if any, as if all shares or units had been purchased at once. LEGG MASON PARTNERS LARGE CAP GROWTH FUND . Please call the Legg Mason Sales Desk 1-800-822-5544 or your Legg Mason Sales contact for more information. LEGG MASON PARTNERS EQUITY TRUST . 1-800-822-5544. Legg Mason shares outperformed the S&P 500 over the most recent one year time period, but underperformed during the most recent two and fi. The Funds’ investment manager, Western Asset, is a wholly-owned subsidiary of Legg Mason and would become a wholly-owned subsidiary of Franklin Resources as a result of the transaction. American Funds Distributors, Inc. compensates LPL in accordance with the terms of a letter of understanding. The combination of Legg Mason and Franklin Templeton will result in one of the world’s largest. The Plan’s account with Legg Mason—a nd Citi, after its acquisition of Legg Mason—was a non-discretionary brokerage account. On February 18, 2020, Franklin Templeton announced that it was acquiring Legg Mason (NYSE: LM). independent, specialized global investment managers … Here you will find the documentation you need to establish a new account, as well as update or add features for a current Legg Mason mutual fund account or Scholars Choice 529 plan account. Opening a new account? These applications are solely for Legg Mason Funds accounts. SUPPLEMENT DATED April 28, 2008 TO THE PROSPECTUS DATED . Legg Mason has stopped accepting subscriptions into the A share class of the funds with immediate effect. This letter was sent because you held shares in the fund(s) on the record date and we have not received your vote. Before April 2007, the business now conducted by LMPPG was conducted by certain other Legg Mason, Inc. subsidiaries and, prior Voting in Legg Mason Funds. ... LEGG MASON … 5 18. Dear Shareholder: We recently sent you proxy materials concerning important proposals to approve new agreements between your Legg Mason-sponsored fund(s) and its investment manager and subadviser(s). April 28, 2008 OF . The announcement comes less than a year after activist investor Trian Fund Management took a 4.5% stake in Legg Mason, enough to secure its founder Nelson Peltz a position on the board. We have offered to employ you as the Chief Financial Officer in the Baltimore, Maryland corporate office at a semi-monthly salary of $14,583.34 ($350,000 annually). In this article we will take a look at whether hedge funds think Legg Mason, Inc. (NYSE:LM) is a good investment right now. Non-U.S. investors should disregard this email. SHAREHOLDERS IN LEGG MASON-SPONSORED FUNDS EXTREMELY IMPORTANT – PLEASE VOTE NOW! This CRS is intended to provide retail investors (a natural person or a natural person’s legal representative) with a Shareholder Letter from LMIS - Long-Term Funds - Annual Letter to shareholders in Legg Mason long-term funds listing the offerings of Legg Mason Investor Services and possible alternatives for additional services. On August 1, 2006, Legg Mason Partners Fund Advisor, LLC (or LMPFA) will become the fund’s investment manager. If you are suspicious, they should be able to 1) tell you what fund(s) you hold, 2) send you proxy voting instructions by email or let you decline to vote. 19. (Bish Test. If you are a direct shareholder with the Fund, you can call the Fund at 1-877-721-1926, or write to the Fund by regular mail at Legg Mason Funds, P.O. This requires the … This letter will confirm the offer of employment that Legg Mason & Co., LLC has made to you. SHAREHOLDERS IN LEGG MASON-SPONSORED FUNDS YOUR VOTE MATTERS!! LEGG MASON-SPONSORED FUNDS 620 Eighth Avenue, 49th Floor New York, NY 10018 April 20, 2020 Dear Shareholder: A special meeting of shareholders of your Fund is scheduled to be held at the offices of Legg Mason, Inc. (“Legg Mason”) at 620 Eighth Avenue, 49th Floor, New York, New York 10018, to vote on the proposals listed The products and services described on the website are not available to non-U.S. investors. Legg Mason (formerly Oppenheimer). This requires the “1940 Act Majority Vote” approval of CEF investors to approve a new manager for Legg Mason CEFs, as announced separately for Western Asset CEFs and Royce Fund CEFs. The meeting for the Western Asset funds will be held on June 5. The fund ran into trouble by … 17. Legg Mason's closed-end funds are being acquired by Franklin Templeton in a June shareholder vote, leaving activist investors an opportunity to push for a "quid pro quo." I will be voting my shares against the change in investment manager unless the funds undertake some action to reduce the discount. According to the Equilar Top 25 Executive Compensation Survey 2015, the median CEO compensation at mid-cap corporations was $8.4M in 2014. Legg Mason takes no liability for the onward transmission of this material. It turned out to be a reminder/request for my proxy voting information for a mutual fund of theirs that I owned. Scammers frequently spoof legitimate phone numbers. Commissions paid by Legg Mason to financial intermediaries in connection with sales of certain classes of company-sponsored mutual funds are generally capitalized as deferred sales commissions. Table of Contents. Legg Mason announced it expects to take a $59 million charge in connection with a bailout of its Citi Institutional Liquid Reserves Fund. Letter to shareholders in Western Asset money market funds listing the offerings of Legg Mason Investor Services and possible alternatives for additional services. Letter to shareholders in Legg Mason long-term funds listing the offerings of Legg Mason Investor Services and possible alternatives for additional services. 55 Water Street .

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