PASADENA, Calif.--(BUSINESS WIRE)-- Western Asset Premier Bond Fund (WEA), which is listed on the New York Stock Exchange under the symbol WEA, announced today a special distribution of $0.1700 per common share for the month of December 2011. This special distribution is in addition to the previously declared December distribution of $0.1100 per common share payable December 23, 2011 to shareholders of record as of December 16, 2011. Both distributions are sourced from income earned by the Fund.

The distribution schedule appears below:

Month		Ex-Date		Record Date		Payable Date		Amount		Type
December		12/19/2011		12/21/2011		12/30/2011		$0.1700		Income

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Trustees. In early 2012, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

The Fund is a closed-end investment company that invests predominantly in a diversified portfolio of debt securities. Its investment adviser is Western Asset Management Company; a subsidiary of Legg Mason, Inc. Western Asset Management Company has managed the Fund since its inception in 2002.

For Fund-related questions, please contact Fund Investor Services at (888) 777-0102.

For shareholder-related questions please contact American Stock Transfer and Trust Company at (888) 888-0151.

All data and commentary provided within this press release is for informational purposes only. Legg Mason, Inc. and its affiliates do not engage in selling any of the shares of the Fund.

Fund Investor Services
888-777-0102

Source: Western Asset Premier Bond Fund

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