Business Services Industry

Salomon Brothers Municipal Partners Fund II Inc. Announces Financial Position as of March 31, 2006

Business Wire, June 6, 2006

NEW YORK -- Salomon Brothers Municipal Partners Fund II Inc., which is listed on the New York Stock Exchange under the symbol "MPT", today announced the financial position of the Fund as of March 31, 2006.

Current Qtr   Previous Qtr  Prior Yr's Qtr
                              March 31,   December 31,     March 31,
                                2006          2005           2005

Total Assets (a)            $130,872,927  $135,364,870  $ 136,424,226
Total Net Assets (a)        $ 85,587,662  $ 87,043,909  $  87,483,376

NAV Per share
  of Common Stock (b)       $      14.25  $      14.49  $       14.56
Market Price Per Share      $      13.12  $      13.02  $       12.60
Premium  / (Discount)             (7.93)%      (10.14)%       (13.46)%
Outstanding Shares             6,007,094     6,007,094      6,007,094

Total Net Investment
  Income (c)                $  1,234,461  $  1,227,732  $   1,267,439
Total Net Investment
  Income Per Share (c)      $       0.21  $       0.20  $        0.21

Total Net Realized /
 Unrealized
  Gain / Loss (c)           $ (1,174,202) $   (273,196) $  (2,145,136)
Total Net Realized /
 Unrealized
  Gain / Loss Per Share (c) $      (0.20) $      (0.05) $       (0.36)

Undistributed /
 (Overdistributed)
  Net Investment Income (d) $    220,236  $    503,833  $   1,222,228
Undistributed /
 (Overdistributed)
  Net Investment Income
    Per Share(d)            $       0.04  $       0.08  $        0.20

Footnotes:
(a) The difference between total assets and total net assets is due
    primarily to the issuance of preferred stock and/or the Fund's use
    of borrowings; total assets do not include accrued expenses, other
    liabilities, borrowings and the redemption value of preferred
    stock, if any.
(b) NAVs are calculated as of the close of business on the last
    business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the period indicated above.

This financial data is unaudited.

The fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holding for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission's website at www.sec.gov. To obtain information on the Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-800-777-0102.

Salomon Brothers Municipal Partners Fund II Inc., a non-diversified closed-end investment management company, is managed by Salomon Brothers Asset Management Inc., a wholly owned subsidiary of Legg Mason, Inc.

For more information, call Investor Relations at 1-888-777-0102, or visit the Fund's web site at http://www.leggmason.com/InvestorServices.> Note: "Smith Barney," "Salomon Brothers" and "Citi" are service marks of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here

Content provided in partnership with Thompson Gale