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Western Asset Middle Market Income Fund board authorizes tender offer

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Western Asset Middle Market Income Fund board authorizes tender offer

The board of Western Asset Middle Market Income Fund Inc. authorized a tender offer to buy for cash up to 2.5% or 6,381 of the fund's outstanding common shares.

The purchase price of the shares will equal their net asset value as of the close of the customary trading session on Oct. 3, or if the offer is extended, on the date to which it is extended. The purpose of the offer is to provide liquidity to shareholders.

The offer will expire at 5 p.m. ET on Oct. 3, unless extended.