 Each of the Funds today announced that, based on certified voting results from the Funds Special Meeting of Shareholders the Special Meeting, shareholders have voted to approve the new management agreement for the Funds manager and the new subadvisory agreement for the Funds subadvisers. Approval of these new agreements was proposed in connection with the pending combination of Legg Mason Inc. Legg Mason, the parent company of the Funds investment manager and subadvisers, and Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton the Transaction, which will result in the automatic termination of the Funds current management and subadvisory agreements. The new management and subadvisory agreements will each become effective upon the consummation of the Transaction. 