July 02, 2012 at 08:00 AM EDT
Western Asset Global Partners Income Fund Inc. Announces Financial Position as of May 31, 2012

Western Asset Global Partners Income Fund Inc. (NYSE: GDF) today announced the financial position of the Fund as of May 31, 2012.

Current QPrevious QPrior Yr Q
May 31, 2012

February 29, 2012

May 31, 2011
Total Assets (a) $ 238,863,801 $ 246,708,771 $ 249,185,160
Total Net Assets (a) $ 176,921,457 $ 184,337,945 $ 190,510,283
NAV Per Share of Common Stock (b) $ 11.40 $ 11.89 $ 12.33
Market Price Per Share $ 11.92 $ 13.02 $ 13.37
Premium / (Discount) 4.56 % 9.50 % 8.43 %
Outstanding Shares 15,519,669 15,502,230 15,447,356
Total Net Investment Income (c) $ 4,202,829 $ 4,281,209 $ 4,201,917
Total Net Realized/Unrealized Gain/(Loss) (c) $ (7,407,088 ) $ 14,103,751 $ 3,675,268
Net Increase (Decrease) in Net Assets From Operations (c) $ (3,204,259 ) $ 18,384,960 $ 7,877,185

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.27 $ 0.28 $ 0.27
Total Net Realized/Unrealized Gain/(Loss) (c) $ (0.48 ) $ 0.91 $ 0.24
Net Increase (Decrease) in Net Assets From Operations (c) $ (0.21 ) $ 1.19 $ 0.51
Undistributed/(Overdistributed) Net Investment Income (d) $ 1,315,753 $ 1,532,679 $ 2,400,845
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ 0.08 $ 0.10 $ 0.16
Loan Outstanding (d) $ 39,000,000 $ 39,000,000 $ 33,000,000
Reverse Repurchase Agreements (d) $ 19,048,101 $ 17,777,772 $ 20,713,557

Footnotes:

(a) The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings; total net assets do not include borrowings.

(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.

(c) For the quarter indicated.

(d) As of the date indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Global Partners Income Fund Inc., a non-diversified, closed-end investment management company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the investment manager.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com.

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.

Contacts:

Media:
Maria Rosati, (212) 805-6036
mrosati@leggmason.com
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