Western Asset Inflation Management Fund Inc. (IMF) Announces Distributions for the Months of December 2008, January and February 2009

Mon Nov 17, 5:02 PM

NEW YORK--(BUSINESS WIRE)--Western Asset Inflation Management Fund Inc., which is listed on the New York Stock Exchange under the symbol “IMF”, announced today monthly distributions of $0.0700 per common share for December 2008, January and February 2009.

In addition, the Fund also announced a December 2008 income distribution in the amount of $0.0800 per common share.

The distribution schedule appears below:

Month   Ex-Date   Record Date   Payable Date   Amount   Type
December   12/17/2008   12/19/2008   12/26/2008   $0.1500   Income
January 01/21/2009 01/23/2009 01/30/2009 $0.0700 Income
February 02/18/2009 02/20/2009 02/27/2009 $0.0700 Income

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distributions that have been declared by the Board of Directors. In early 2009 and early 2010, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the respective prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return (e.g., ordinary income, long-term capital gain or return of capital).

Western Asset Inflation Management Fund Inc., a non-diversified, closed-end management investment 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 and Western Asset Management Company Limited, affiliates of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund’s web site at www.leggmason.com/cef.

Legg Mason & Co., LLC
Brenda Grandell, 212-857-8087
Director, Closed End Funds