EX-99.(A)(23) 2 d431869dex99a23.htm ARTICLES SUPPLEMENTARY DATED MAY 28, 2015 Articles Supplementary dated May 28, 2015

Exhibit (a)(23)

WESTERN ASSET FUNDS, INC.

ARTICLES SUPPLEMENTARY

Western Asset Funds, Inc., a Maryland corporation (the “Corporation”) and an open-end investment company registered under the Investment Company Act of 1940, as amended, hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: Pursuant to the authority vested in the Board of Directors of the Corporation (the “Board”) by Article VI of the charter of the Corporation (the “Charter”), and by Section 2-208 of the Maryland General Corporation Law, the Board, by resolutions adopted at a meeting duly called and held, has reclassified 3,500,000,000 authorized but unissued shares of the Western Asset Asian Opportunities Fund and 1,100,000,000 authorized but unissued shares of the Western Asset Global Multi-Sector Fund as shares of common stock of the Corporation, $.001 par value per share (“Common Stock”), without classification, with the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of shares of Common Stock, as set forth in Article VI of the Charter and in any other provisions of the Charter relating to stock of the Corporation generally.

SECOND: As of the filing of these Articles Supplementary, the Corporation shall have authority to issue forty-two billion seven hundred million (42,700,000,000) shares of Common Stock, having an aggregate par value of forty-two million seven hundred thousand dollars ($42,700,000). These shares are classified as follows:

 

 

Designation

  

Number of Shares

Western Asset Enhanced Equity Fund    250,000,000 Class I Shares
   250,000,000 Class FI Shares
   250,000,000 Class IS Shares
   250,000,000 Class A Shares
   250,000,000 Class C Shares
   250,000,000 Class R Shares
   500,000,000 Class A2 Shares
Western Asset Money Market Portfolio    250,000,000 Class I Shares
   250,000,000 Class FI Shares
   250,000,000 Class IS Shares
Western Asset U.S. Government Money Market Portfolio    250,000,000 Class I Shares
   50,000,000 Class FI Shares
   250,000,000 Class IS Shares
Western Asset Intermediate Bond Fund    500,000,000 Class I Shares
   300,000,000 Class FI Shares
   500,000,000 Class IS Shares


   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class A2 Shares
Western Asset Total Return Unconstrained Fund    500,000,000 Class I Shares
   500,000,000 Class FI Shares
   500,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class A2 Shares
Western Asset Core Bond Fund    1,000,000,000 Class I Shares
   500,000,000 Class FI Shares
   1,000,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class C1 Shares
   500,000,000 Class A2 Shares
Western Asset Core Plus Bond Fund    2,700,000,000 Class I Shares
   500,000,000 Class FI Shares
   2,700,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class C1 Shares
   500,000,000 Class A2 Shares
Western Asset High Yield Fund    500,000,000 Class I Shares
   500,000,000 Class FI Shares
   500,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class A2 Shares
Western Asset Inflation Indexed Plus Bond Fund    500,000,000 Class I Shares
   500,000,000 Class FI Shares
   500,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class C1 Shares
   500,000,000 Class A2 Shares

 

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Western Asset Macro Opportunities Fund    500,000,000 Class I Shares
   500,000,000 Class FI Shares
   500,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class A2 Shares
Western Asset Global Government Bond Fund    500,000,000 Class I Shares
   500,000,000 Class FI Shares
   500,000,000 Class IS Shares
   500,000,000 Class A Shares
   500,000,000 Class C Shares
   500,000,000 Class R Shares
   500,000,000 Class A2 Shares
Western Asset Limited Duration Bond Fund    500,000,000 Class R Shares
Common Stock    4,700,000,000
(without classification)   

THIRD: The shares of the Western Asset Asian Opportunities Fund and Western Asset Global Multi-Sector Fund have been reclassified as Common Stock by the Board under the authority granted to it in the Charter.

FOURTH: The undersigned President 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 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 for perjury.

 

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        IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed in its name and on its behalf by its President and attested to by its Assistant Secretary on this 28th day of May, 2015.

 

ATTEST:     WESTERN ASSET FUNDS, INC.

/s/ Marc De Oliveira

    By:  

/s/ Jane Trust

  (SEAL)
Marc De Oliveira, Assistant Secretary       Jane Trust, President  

 

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