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Announcing Changes in Benchmark Index: Salomon Brothers Emerging Markets Debt Fund Inc.; Salomon Brothers Emerging Markets Floating Rate Fund Inc
Business Wire, Dec 10, 2004
NEW YORK -- Salomon Brothers Asset Management Inc.
--Salomon Brothers Emerging Markets Income Fund Inc.
--Salomon Brothers Emerging Markets Income Fund II Inc.
--Salomon Brothers Global Partners Income Fund Inc.
--Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc.
--Salomon Brothers Worldwide Income Fund Inc.
Salomon Brothers Emerging Markets Debt Fund Inc. (NYSE: ESD), Salomon Brothers Emerging Markets Floating Rate Fund Inc. (NYSE: EFL), Salomon Brothers Emerging Markets Income Fund Inc. (NYSE: EMD), Salomon Brothers Emerging Markets Income Fund II Inc. (NYSE: EDF), Salomon Brothers Global Partners Income Fund Inc. (NYSE: GDF), Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. (NYSE: SBG) and Salomon Brothers Worldwide Income Fund Inc. (NYSE: SBW) today announced a change in the benchmark index for the Funds to the J.P. Morgan Emerging Market Bond Index Global from the J.P. Morgan Emerging Market Bond Index Plus. This change will become effective January 1, 2005.
In the opinion of the investment manager, the J.P. Morgan Emerging Market Bond Index Global will provide a more effective benchmark index for the Funds because of its greater diversity and more accurate reflection of the portfolio strategy with which the Funds are managed. Additionally, in the opinion of the investment manager, the J.P. Morgan Emerging Market Bond Index Global has become the standard industry benchmark for emerging market bond management. The change in benchmark will not result in a change in the way in which the portfolios are managed, although some gradual reallocations over time may occur as are determined by the investment manager to be advantageous to the Funds.
The Funds are managed by Salomon Brothers Asset Management Inc., an indirect wholly owned subsidiary of Citigroup Inc.
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