Merger Details:

Effective March 13, 2014 Legg Mason BW Investment Grade Focus Fund (BWI.UN) merged into the Limited Duration Investment Grade Preferred Securities Fund (PFD.UN). Unitholders of Legg Mason (BWI.UN) received 0.381662192 Class A units of Limited Duration (PFD.UN) for each unit. This merger was deemed to be a taxable event.