| 2007-02-05 |
Daniel P. Croninc/o Chairman of the Fund399 Park Avenue 4th FloorNew York, NY 10022Birth year: 1946
Director
Since2007
Retired; formerly, Associate General Counsel, Pfizer, Inc. (pharmaceuticals)
34
None
Only the Non-Interested Directors receive remuneration from the Fund for acting as a Director. Aggregate expenses (including reimbursement for travel and out-of-pocket expenses) of $18,009 were paid to such Directors by the Fund during the calendar year ended December 31, 2006. Fees for the Non-Interested Directors are currently set at $6,000 per annum plus $750 per in-person Board meeting and $300 per telephone conference call.
The following table shows the compensation paid by the Fund to each person who was a Director during the Fund's last fiscal year:
Daniel P. Cronin*
0
$238,500
32
* Ms. Colman and Mr. Cronin became Directors as of January 1, 2007. |
| 2008-02-07 |
Daniel P. Croninc/o Chairman of the Fund620 Eighth Avenue 6th FloorNew York, NY 10018Birth year: 1946
Director and Member of Audit and Nominating Committees
Since2007
Retired; formerly, Associate General Counsel, Pfizer, Inc. (pharmaceuticals)
22
None
...
The following table shows the compensation paid by the Fund to each person who was a Director during the Fund's last fiscal year:
Name of Person
Aggregate Compensation from Fund for the fiscal year ended 10/31/07
Total Compensation from Fund and Fund Complex for the year ended 12/31/06
Total Number of Funds for Which Director Serves within Fund Complex
Daniel P. Cronin
$
4,455
$
238,500
22
...
The Fund has a separately designated standing Audit Committee. The Fund's Audit Committee is composed of all Directors who are not "interested persons" of the Fund, LMPFA, Western Asset or their affiliates within the meaning of the 1940 Act, and who are "independent" as defined in the NYSE listing standards applicable to closed-end funds, namely Ms. Colman and Messrs. Crane, Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse. |
| 2009-01-16 |
Daniel P. Croninc/o Chairman of the FundLegg Mason620 Eighth Avenue 69th FloorNew York, NY 10018Birth year: 1946 Director and Member of Audit and Nominating Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/08: $5,050 |
| 2010-01-28 |
Daniel P. Croninc/o Chairman of the FundLegg Mason & Co., LLC("Legg Mason & Co.")620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1946
Director and Member of Audit and Nominating Committees
Since2007
Retired; formerly, Associate General Counsel, Pfizer, Inc. (prior to and including 2004)
Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/09: $6,493
Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/08: $214,000 |
| 2012-01-27 |
Daniel P. Croninc/o Chairman of the FundLegg Mason & Co.620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1946
Director and Member of Audit and Nominating Committees
Since 2007
Retired; formerly, Associate General Counsel, Pfizer, Inc.
25
None
...The Fund's Audit Committee is composed entirely of all of the Independent Directors: Ms. Colman and Messrs. Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse. ... The Fund's Nominating Committee, the principal function of which is to select and nominate candidates for election as Directors of the Fund, is composed of all of the Independent Directors: Ms. Colman and Messrs. Cronin, Cucchi, Gelb, Hutchinson, Roett and Salacuse... The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2011 and the total compensation paid to each Director during the calendar year ended December 31, 2010... Daniel P. Cronin $4,284 $223,500 |
| 2013-01-25 |
Daniel P. Croninc/o Chairman of the FundLegg Mason & Co., LLC("Legg Mason & Co.")620 Eighth Avenue, 49th FloorNew York, NY 10018Birth year: 1946
Director and Member of Audit and Nominating Committees
Since 2007
Retired; formerly, Associate General Counsel, Pfizer, Inc.
29
None
...The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2012 and the total compensation paid to each Director during the calendar year ended December 31, 2012...Daniel P. Cronin
3,979
222,614 |
| 2014-01-27 |
Daniel P. Cronin c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1946 Director and Member of Audit and Nominating Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. 31 None ... The following table provides information concerning the compensation paid to each Director by the Fund during the fiscal year ended October 31, 2013 and the total compensation paid to each Director during the calendar year ended December 31, 2013. ... Daniel P. Cronin $3,276 $222,350 |
| 2015-02-03 |
Daniel P. Cronin c/o Chairman of the Fund Legg Mason & Co. 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1946 Director and Member of Audit and Nominating Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/14: $3,464 Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/14: $258,519 |
| 2016-01-29 |
Daniel P. Cronin c/o Chairman of the Fund Legg Mason & Co., LLC ("Legg Mason & Co.") 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1946 Director and Member of Audit and Nominating Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. 31 None |
| 2017-01-27 |
Daniel P. Cronin c/o Chairman of the Fund Legg Mason & Co., 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1946 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. |
| 2018-01-23 |
Daniel P. Cronin c/o Chairman of the Fund Legg Mason & Co., 620 Eighth Avenue, 49th Floor New York, NY 10018 Birth year: 1946 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. 25 None |
| 2019-01-15 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Nominating, Compensation, Pricing and Valuation Committees Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. 23 None |
| 2020-02-10 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Compensation, Pricing and Valuation Committees and Chair of Nominating Committee Since 2007 ... Aggregate Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/19($): 305,000 |
| 2021-03-01 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Compensation, Pricing and Valuation Committees and Chair of Nominating Committee Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. |
| 2022-03-01 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Compensation and Pricing and Valuation Committees and Chair of Nominating Committee Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. (prior to and including 2004) Aggregate Compensation: $299,000 |
| 2023-03-07 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Compensation and Pricing and Valuation Committees, and Chair of Nominating Committee Since 2007 ... Aggregate Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/22($): 311,000 |
| 2024-03-06 |
Daniel P. Cronin Birth year: 1946 Director and Member of Audit, Compensation and Pricing and Valuation Committees, and Chair of Nominating Committee Since 2007 Retired; formerly, Associate General Counsel, Pfizer, Inc. (prior to and including 2004) Aggregate Compensation from the Fund for Fiscal Year Ended 10/31/23($): 7,546 Total Compensation from the Fund and Fund Complex for Calendar Year Ended 12/31/23($): 323,000 |