EX-99.(A)(11) 2 dex99a11.htm ARTICLES SUPPLEMENTARY DATED 5/11/07 Articles Supplementary dated 5/11/07

WESTERN ASSET FUNDS, INC.

ARTICLES SUPPLEMENTARY

Western Asset Funds, Inc., a Maryland Corporation, hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: On May 8, 2007, the Board of Directors of Western Asset Funds, Inc. (“Board”), a Maryland Corporation (“Corporation”), under authority contained in the Corporation’s charter (“Charter”), reclassified four hundred million (400,000,000) shares of capital stock of the Corporation previously classified as Western Asset Global Strategic Income Portfolio, Institutional Class, four hundred million (400,000,000) shares of capital stock of the Corporation previously classified as Western Asset Global Strategic Income Portfolio, Financial Intermediary Class and two hundred million (200,000,000) shares of capital stock of the Corporation previously classified as Western Asset U.S. Government Money Market Portfolio, Financial Intermediary Class as Western Asset Core Plus Bond Portfolio, Institutional Class.

SECOND: Immediately before filing these Articles Supplementary, the Corporation had authority to issue thirteen billion one hundred million (13,100,000,000) shares of Common Stock, $0.001 par value per share, having an aggregate par value of thirteen million one hundred thousand (13,100,000) dollars. These shares were classified as follows:

 

Designation

  

Number of Shares

Western Asset Enhanced Equity Portfolio    250,000,000 Institutional Class Shares
   250,000,000 Financial Intermediary Class Shares
Western Asset Money Market Portfolio    250,000,000 Institutional Class Shares
   250,000,000 Financial Intermediary Class Shares
Western Asset U.S. Government Money    250,000,000 Institutional Class Shares

Market Portfolio

   250,000,000 Financial Intermediary Class Shares
Western Asset Global Strategic Income Portfolio    500,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Intermediate Bond    500,000,000 Institutional Class Shares

Portfolio

   300,000,000 Financial Intermediary Class Shares
Western Asset Intermediate Plus    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Absolute Return Portfolio    500,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Core Bond Portfolio    1,000,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Core Plus Bond Portfolio    1,700,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares


Western Asset High Yield Portfolio    500,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Inflation Indexed Plus    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Limited Duration Bond    500,000,000 Institutional Class Shares

Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Non-U.S. Opportunity    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Common Stock    100,000,000 shares

(without further classification)

THIRD: Immediately after filing these Articles Supplementary, the Corporation shall have authority to issue thirteen billion one hundred million (13,100,000,000) shares of Common Stock, $0.001 par value per share, having an aggregate par value of thirteen million one hundred thousand (13,100,000) dollars. These shares are classified as follows:

 

Designation

  

Number of Shares

Western Asset Enhanced Equity Portfolio    250,000,000 Institutional Class Shares
   250,000,000 Financial Intermediary Class Shares
Western Asset Money Market Portfolio    250,000,000 Institutional Class Shares
   250,000,000 Financial Intermediary Class Shares
Western Asset U.S. Government Money    250,000,000 Institutional Class Shares

Market Portfolio

   50,000,000 Financial Intermediary Class Shares
Western Asset Global Strategic Income    100,000,000 Institutional Class Shares

Portfolio

   100,000,000 Financial Intermediary Class Shares
Western Asset Intermediate Bond    500,000,000 Institutional Class Shares

Portfolio

   300,000,000 Financial Intermediary Class Shares
Western Asset Intermediate Plus    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Absolute Return Portfolio    500,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Core Bond Portfolio    1,000,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares

 

2


Western Asset Core Plus Bond Portfolio    2,700,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset High Yield Portfolio    500,000,000 Institutional Class Shares
   500,000,000 Financial Intermediary Class Shares
Western Asset Inflation Indexed Plus    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Limited Duration Bond    500,000,000 Institutional Class Shares

Portfolio

   500,000,000 Financial Intermediary Class Shares
Western Asset Non-U.S. Opportunity    500,000,000 Institutional Class Shares

Bond Portfolio

   500,000,000 Financial Intermediary Class Shares
Common Stock    100,000,000 shares

(without further classification)

FOURTH: The foregoing amendments were approved by a majority of the entire Board of Directors of the Corporation and are limited to changes expressly permitted by Sections 2-105(c) and 2-605(a)(2) of the Maryland General Corporate Law to be made without action by the stockholders or matters reserved by the Corporation’s Charter to the Board of Directors.

FIFTH: The Corporation is registered as an open-end investment company under the Investment Company Act of 1940.

SIXTH: The undersigned Vice President of the Corporation acknowledges these Articles Supplementary to be the corporate act of the Corporation and, as to all matters or facts required to be verified under oath, the undersigned Vice President acknowledges that to the best of his knowledge, information and belief, these matters and facts are true in all material respects and that this statement is made under the penalties of perjury.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be executed under seal in its name and on its behalf by its Vice President and attested to by its Secretary on May 11, 2007.

 

ATTEST:     WESTERN ASSET FUNDS, INC.

/s/

    By:  

/s/

Lisa G. Mrozek       D. Daniel Fleet
Secretary       Vice President

 

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