-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NlGAwxmnRsmdDdjnQYXWyOe33Uh8k3D6RwPpBzsrN9auTcBTVjXpaQxfKYm5HFaK O7mAQ9Sz0P212SgS81FYdA== 0000914851-05-000222.txt : 20051028 0000914851-05-000222.hdr.sgml : 20051028 20051028154925 ACCESSION NUMBER: 0000914851-05-000222 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20050831 FILED AS OF DATE: 20051028 DATE AS OF CHANGE: 20051028 EFFECTIVENESS DATE: 20051028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON BROTHERS GLOBAL PARTNERS INCOME FUND INC CENTRAL INDEX KEY: 0000911638 IRS NUMBER: 313731196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-07994 FILM NUMBER: 051163218 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 19930907 NSAR-B 1 answer.fil PAGE 1 000 B000000 08/31/2005 000 C000000 911638 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 SALOMON BROTHERS GLOBAL PARTNERS INCOME FUND 001 B000000 811-7994 001 C000000 8887770102 002 A000000 125 BROAD STREET 10TH FLOOR, MF-2 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10004 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 SALOMON BROTHERS ASSET MANAGEMENT INC. 008 B000001 A 008 C000001 801-32046 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10022 010 A000001 SALOMON BROTHERS 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SETNICKA TITLE CONTROLLER EX-99.77B ACCT LTTR 2 accountingletter77b.txt Report of Independent Registered Public Accounting Firm The Board of Directors and Shareholders Salomon Brothers Global Partners Income Fund Inc.: In planning and performing our audit of the financial statements of Salomon Brothers Global Partners Income Fund Inc. as of and for the year ended August 31, 2005, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund?s internal control over financial reporting. Accordingly, we express no such opinion. The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A control deficiency exists when the design or operation of a control doe s not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the fund?s ability to initiate, authorize, record, process or report financial data reliably in accordance with U.S. generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the fund's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. Our consideration of the Fund?s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund?s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness as defined above as of August 31, 2005. This report is intended solely for the information and use of management and the Board of Directors of Salomon Brothers Global Partners Income Fund Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. October 21, 2005 EX-99.77E LEGAL 3 citigroupcloseditem77e.txt Citigroup Closed-End Funds Issue Statement NEW YORK - (Business Wire) June 2, 2005 The following Citigroup closed-end funds - Salomon Brothers Capital and Income Fund Inc., Salomon Brothers Emerging Markets Debt Fund Inc., Salomon Brothers Emerging Markets Floating Rate Fund Inc., Salomon Brothers Emerging Markets Income Fund Inc., Salomon Brothers Emerging Markets Income Fund II Inc., Salomon Brothers Global High Income Fund Inc., Salomon Brothers Global Partners Income Fund Inc., Salomon Brothers Inflation Management Fund Inc., Salomon Brothers Municipal Partners Fund Inc., Salomon Brothers Municipal Partners Fund II Inc., The Salomon Brothers Fund Inc, Salomon Brothers High Income Fund Inc, Salomon Brothers High Income Fund II Inc, Salomon Brothers Variable Rate Strategic Fund Inc., Salomon Brothers 2008 Worldwide Dollar Government Term Trust Inc. and Salomon Brothers Worldwide Income Fund Inc. - today issued the following statement: On May 31, 2005, the U.S. Securities and Exchange Commission ("SEC") issued an order in connection with the settlement of an administrative proceeding against Smith Barney Fund Management LLC ("SBFM") and Citigroup Global Markets Inc. ("CGMI") (each an affiliate of the manager) relating to the appointment of an affiliated transfer agent for the Smith Barney family of mutual funds (the "Affected Funds"). The SEC order finds that SBFM and CGMI willfully violated Section 206(1) of the Investment Advisers Act of 1940 ("Advisers Act"). Specifically, the order finds that SBFM and CGMI knowingly or recklessly failed to disclose to the boards of the Affected Funds in 1999 when proposing a new transfer agent arrangement with an affiliated transfer agent that: First Data Investors Services Group ("First Data"), the Affected Funds? then-existing transfer agent, had offered to continue as transfer agent and do the same work for substantially less money than before; and that Citigroup Asset Management ("CAM"), the Citigroup business unit that includes the Fund's investment manager and other investment advisory companies, had entered into a side letter with First Data under which CAM agreed to recommend the appointment of First Data as sub-transfer agent to the affiliated transfer agent in exchange, among other things, for a guarantee by First Data of specified amounts of asset management and investment banking fees to CAM and CGMI. The order also finds that SBFM and CGMI willfully violated Section 206(2) of the Advisers Act by virtue of the omissions discussed above and other misrepresentations and omissions in the materials provided to the Affected Funds' boards, including the failure to make clear that the affiliated transfer agent would earn a high profit for performing limited functions while First Data continued to perform almost all of the transfer agent functions, and the suggestion that the proposed arrangement was in the Affected Funds? best interests and that no viable alternatives existed. SBFM and CGMI do not admit or deny any wrongdoing or liability. The settlement does not establish wrongdoing or liability for purposes of any other proceeding. The SEC censured SBFM and CGMI and ordered them to cease and desist from violations of Sections 206(1) and 206(2) of the Advisers Act. The order requires Citigroup to pay $208.1 million, including $109 million in disgorgement of profits, $19.1 million in interest, and a civil money penalty of $80 million. Approximately $24.4 million has already been paid to the Affected Funds, primarily through fee waivers. The remaining $183.7 million, including the penalty, will be paid to the U.S. Treasury and then distributed pursuant to a plan to be prepared by Citigroup and submitted within 90 days of the entry of the order for approval by the SEC. The order also requires that transfer agency fees received from the Affected Funds since December 1, 2004 less certain expenses be placed in escrow and provides that a portion of such fees may be subsequently distributed in accordance with the terms of the order. The order requires SBFM to recommend a new transfer agent contract to the Affected Fund boards within 180 days of the entry of the order; if a Citigroup affiliate submits a proposal to serve as transfer agent or sub-transfer agent, an independent monitor must be engaged at the expense of SBFM and CGMI to oversee a competitive bidding process. Under the order, Citigroup must comply with an amended version of a vendor policy that Citigroup instituted in August 2004. That policy, as amended, among other things, requires that when requested by a Fund board, CAM will retain at its own expense an independent consulting expert to advise and assist the board on the selection of certain service providers affiliated with Citigroup. At this time, there is no certainty as to how the proceeds of the settlement will be distributed, to whom such distributions will be made, the methodology by which such distribution will be allocated, and when such distribution will be made. Although there can be no assurance, Citigroup does not believe that this matter will have a material adverse effect on the Funds. The Funds did not implement the transfer agent arrangement described above and therefore will not receive any portion of the distributions. Symbols: EDF, EFL, EHI, EMD, ESD, GFY, HIF, HIX, GDF, IMF, MNP, MPT, SBF, SBG, SBW, SCD EX-99.77K CHNG ACCNT 4 salomongdfchginauditor77k.txt Item 77 K Change in Independent Registered Public Accounting Firms PricewaterhouseCoopers LLP has resigned as the independent registered public accounting firm for the Fund effective June 17, 2005. The Fund's Audit Committee approved the engagement of KPMG LLP as the Fund's new independent registered public accounting firm for the fiscal year ended August 31, 2005. A majority of the Fund's Board of Directors, including a majority of the independent Directors, approved the appointment of KPMG LLP, subject to the right, of the Fund, by a majority vote of the shareholders at any meeting called for that purpose, to terminate the appointment without penalty. The reports of PricewaterhouseCoopers LLP on the Fund's financial statements for each of the last two fiscal years contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. There have been no disagreements with PricewaterhouseCoopers LLP during the Fund's two most recent fiscal years and any subsequent interim period on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to the satisfaction of PricewaterhouseCoopers LLP, would have caused them to make reference thereto in their reports on the financial statements for such years EX-99.77O RULE 10F-3 5 item77o10f3n4u6200508.txt Report Name - 10F-3 Fund - Salomon Brothers Global Partners Income Fund Period : 03/01/05 through 08/31/05 ID : 400 Issuer Name : Chesapeake Energy Corp. (Mat=01/15/16) Trade Date : 04/13/05 Selling Dealer : Lehman Brothers Total Shares Purchased : 925,000.00 Purchase Price : 99.07 % Received by Fund : 0.154% % of Issue (1) : 3.333% Other Participant Accounts (2) : 19,075,000.00 Issue Amount (2) : 600,000,000.00 Total Received All Funds (2) : 20,000,000.00 (1) Represents purchases by all affiliated mutual funds and discretionary accounts; may not exceed 25% of the principal amount of the offering. (2) Includes purchases by other affiliated mutual funds and discretionary accounts. Report Name : 10F-3 Syndicate Supplement Issuer : Chesapeake Energy Corp. (due 2016) Trade Date : 04/13/05 Joint/Lead Manager(s) : Banc of America Securities LLC Credit Suisse First Boston Corp Deutsche Bank Securities Inc Lehman Brothers UBS Co-Manager(s) : Bear Stearns & Co Inc BNP Paribas Citigroup Morgan Stanley ABN Amro Bosc Inc Calyon New York Comerica Inc Fortis Capital Corp Harris Nesbitt Piper Jaffray & Co RBC Dominion Securities RBS Greenwich Capital SunTrust Robinson Humphrey TD Securities Wachovia Bank Wells Fargo Selling Group : N/A ID : 584 Issuer Name : Domtar Inc. (mat= 8/1/05) Trade Date : 08/02/05 Selling Dealer : JP Morgan Total Shares Purchased : 325,000.00 Purchase Price : 99.904 % Received by Fund : 0.081% % of Issue (1) : 5.000% Other Participant Accounts (2) : 19,675,000.00 Issue Amount (2) : 400,000,000.00 Total Received All Funds (2) : 20,000,000.00 (1) Represents purchases by all affiliated mutual funds and discretionary accounts; may not exceed 25% of the principal amount of the offering. (2) Includes purchases by other affiliated mutual funds and discretionary accounts. Report Name : 10F-3 Syndicate Supplement Issuer : Domtar Inc. (due 8/1/05) Trade Date : 08/02/05 Joint/Lead Manager(s) : Citigroup JP Morgan Co-Manager(s) : None Selling Group : N/A ID : 339 Issuer Name : Host Marriott Trade Date : 03/03/05 Selling Dealer : Goldman Sachs Total Shares Purchased : 1,025,000.00 Purchase Price : 100 % Received by Fund : 0.158% % of Issue (1) : 2.718% Other Participant Accounts (2) : 16,640,000.00 Issue Amount (2) : 650,000,000.00 Total Received All Funds (2) : 17,665,000.00 (1) Represents purchases by all affiliated mutual funds and discretionary accounts; may not exceed 25% of the principal amount of the offering. (2) Includes purchases by other affiliated mutual funds and discretionary accounts. Report Name : 10F-3 Syndicate Supplement Issuer : Host Marriott Trade Date : 03/03/05 Joint/Lead Manager(s) : Citigroup Deutsche Bank Securities Inc Goldman Sachs & Co Co-Manager(s) : Banc of America Securities LLC Bank of New York Securities Bear Stearns & Co Inc Calyon New York RBS Securities Corp Scotia Capital Inc Societe Generale Wachovia Securities Inc Selling Group : N/A ID : 340 Issuer Name : Levi (Floating Rate Note) Trade Date : 03/07/05 Selling Dealer : Bank of America Total Shares Purchased : 175,000.00 Purchase Price : 100 % Received by Fund : 0.046% % of Issue (1) : 3.684% Other Participant Accounts (2) : 13,825,000.00 Issue Amount (2) : 380,000,000.00 Total Received All Funds (2) : 14,000,000.00 (1) Represents purchases by all affiliated mutual funds and discretionary accounts; may not exceed 25% of the principal amount of the offering. (2) Includes purchases by other affiliated mutual funds and discretionary accounts. Report Name : 10F-3 Syndicate Supplement Issuer : Levi (Floating Rate Note) Trade Date : 03/07/05 Joint/Lead Manager(s) : Banc of America Securities LLC Citigroup Goldman Sachs & Co JP Morgan Scotia Capital Inc Co-Manager(s) : Bear Stearns & Co Inc Credit Suisse First Boston Corp Selling Group : N/A ID : 556 Issuer Name : SunGard Data Systems Inc. (due 08/15/13) Trade Date : 07/27/05 Selling Dealer : Deutsche Bank Total Shares Purchased : 200,000.00 Purchase Price : 100.00 % Received by Fund : 0.013% % of Issue (1) : 1.028% Other Participant Accounts (2) : 16,250,000.00 Issue Amount (2) : 1,600,000,000.00 Total Received All Funds (2) : 16,450,000.00 (1) Represents purchases by all affiliated mutual funds and discretionary accounts; may not exceed 25% of the principal amount of the offering. (2) Includes purchases by other affiliated mutual funds and discretionary accounts. Report Name : 10F-3 Syndicate Supplement Issuer : SunGard Data Systems Inc. (due 8/15/13) Trade Date : 07/27/05 Joint/Lead Manager(s) : Citigroup Deutsche Bank Securities Inc Goldman Sachs & Co JP Morgan Securities Morgan Stanley Banc of America Securities LLC Co-Manager(s) : RBC Capital Markets BNY Capital Markets, Inc. Selling Group : N/A EX-99.77Q1 OTHR EXHB 6 legg77q1.txt On June 24, 2005, Citigroup Inc. ("Citigroup") announced that it has signed a definitive agreement under which Citigroup will sell substantially all of its worldwide asset management business to Legg Mason, Inc. ("Legg Mason"). As part of this transaction, the fund's investment adviser (the "Manager"), currently an indirect wholly owned subsidiary of Citigroup, would become an indirect wholly owned subsidiary of Legg Mason. The transaction is subject to certain regulatory approvals, as well as other customary conditions to closing. Subject to such approvals and the satisfaction of the other conditions, Citigroup expects the transaction to be completed laterthis year. Under the Investment Company Act of 1940, consummation of the transaction will result in the automatic termination of the fund's investment management contract with the Manager and any related sub-advisory contract, where applicable. Therefore, the fund's Board will be asked to approve a new investment managementcontract between the fund and the Manager (and a new sub-advisory contract, if applicable). If approved by the Board, the new investment management contract (and the new sub-advisory contract, if applicable) will be presented to the shareholders of the fund for their approval. -----END PRIVACY-ENHANCED MESSAGE-----